Vietnam and Ukraine have discussed measures to remove hurdles and facilitate bilateral trade cooperation at the 15th session of Vietnam-Ukraine Inter-Governmental Commission for Economic, Trade and Science and Technology Cooperation.
The signing ceremony of the Memoranda of Understanding on stock exchange (Photo: VNA)
Hanoi (VNA) – Vietnam and Ukraine have discussed measures to removehurdles and facilitate bilateral trade cooperation at the 15th session of Vietnam-Ukraine Inter-Governmental Commission for Economic, Tradeand Science and Technology Cooperation.
During the session held via video conference on January 25,Vietnamese Deputy Minister of Industry and Trade Dang Hoang An noted despiteimpact of the COVID-19 pandemic, the two-way trade in 2020 increasedconsiderably compared to that of 2019.
Statistics from the General Department of Vietnam Customsshow bilateral trade last year hit 478.33 million USD, a year-on-year increaseof 29.48 percent. Of the total, Vietnamese exports to Ukraine brought back284.8 million USD, up 15.04 percent, while imports from Ukraine rose 58.81percent to 193.5 million USD.
An, who co-chaired the session, suggested that both sideswork closely together to create a favourable legal framework for key Vietnamesefarm products such as seafood, meat, and fresh fruits to access the Ukrainianmarket more easily, and similarly for key Ukrainian goods such as cereals, meatand milk on the other way.
For his part, Ukrainian Deputy Minister for EconomicDevelopment, Trade and Agriculture Taras Kachka proposed that both sides enterinto a free trade agreement (FTA) to enable their businesses to enjoy taxpreferences in their import-export activities.
Ukraine and Vietnam should soon complete a feasibility studyof the FTA based on a joint study done in 2014, he said.
According to the official, in its foreign policyorientations in 2021, Ukraine plans to promote cooperation with theAsia-Pacific region and hopes to accelerate FTA negotiations with Vietnam,China and Indonesia.
During the session, both sides also examined the potentialfor bilateral cooperation in other fields such as diplomacy, finance, industry,agriculture, science – technology, especially space science, environmentalresources and health.
The two signed the minutes of the session and witnessed thesigning of two Memoranda of Understanding on stock exchange and space researchcooperation./.
Ukrainian Deputy Minister of Foreign Affairs Yevheniy Yenin spoke highly of the friendship and cooperation of his country and Vietnam in both bilateral and multilateral aspects while receiving a copy of the letter of credentials from Vietnamese Ambassador to Ukraine Nguyen Hong Thach on December 16.
The Ukraine-Vietnam Friendship Association (UVFA) gathers Ukrainians who are most dedicated to fostering the relationship between the two nations, said Vietnamese Ambassador to Ukraine Nguyen Hong Thach.
Measures are needed to propel economic and trade ties between Vietnam and Ukraine, said Vietnamese Ambassador to Ukraine Nguyen Hong Thach at a meeting with the Ukrainian Chamber of Commerce and Industry (UCCI) on December 23,
Vietnamese Ambassador to Ukraine Nguyen Hong Thach and Ukrainian Deputy Minister for Economic Development, Trade and Agriculture Taras Kachka agreed to make greater efforts to push bilateral trade to 1 billion USD within the next three years.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
The signing ceremony of the Memoranda of Understanding on stock exchange (Photo: VNA) 
