Vietnam is an important partner of the US in the Asia-Pacific Economic Cooperation (APEC), contributing to all the different efforts and working processes throughout the APEC year, said Matt Murray, US Senior Official for APEC.
The US and Vietnamese officials at the ground breaking ceremony of a new US Embassy campus in Hanoi. (Photo: VNA)
Washington (VNA) – Vietnam is an importantpartner of the US in the Asia-Pacific Economic Cooperat🥂ion (APEC), contributingto all the different efforts and working proceꦅsses throughout the APEC year,said Matt Murray, US Senior Official for APEC.
Speaking with the Vietnam News Agency in Washington in the context that the two countries are celebrating the 10th anniversary of their comprehensive partnership(July 25, 2013- 2023), the official of the State Department's Bureau of EastAsian and Pacific Affairs said that Vietnam is an important partner in handlingregional economic issues. He said Vietnam is a very important partner of the US inASEAN. The country is a member of APEC and also one of the partiesparticipating in the negotiations of the Indo-Pacific Economic Framework forProsperity (IPEF). The Vietnam - US cooperation relationship has recorded alot of progress in the past 10 years and the US Government looks forward toboosting cooperation with Vietnam in the next decade, he said. Currently, the US is paying special attention toVietnam's role and position in maintaining regional and global supply chains. He said he is impressed with Vietnam's commitment tosustainable development and economic growth. When Thailand launched the Bangkok Initiative targeting acircular economy at APEC last year, Vietnam supported that effort. The US hashad many discussions with its Vietnamese partners about how the two sides canwork together to improve sustainable economic growth in the region. Anotherimportant area is inclusive economic development which ensures all people andall communities benefit from economic growth. Vietnam has been at the forefrontin this area, so the US welcomes Vietnam's comments on these issues in APEC. According to Murray, the US is pleased to serve as theAPEC host this year. It is a great opportunity for member economies to discusshow to cope with economic "headwinds" as a region. Under the theme of “Creating a Resilient and SustainableFuture for All”, APEC 2023 includes not only senior officials’ meetings butalso 10 ministerial meetings and then APEC CEO Summit in San Francisco inNovember. The US appreciates the participation of Vietnameseofficials at all APEC meetings, he said, adding that those will be a greatopportunity to promote regional economic cooperation as well as bilateralcooperation with Vietnam./.
Economic diplomacy should maintain and create more economic cooperation frameworks, including investment and trade agreements, between Vietnam and the US, a diplomat has said.
APEC member economies should prioritise discussing reform of the World Trade Organisation (WTO) to improve its operational efficiency, stated Vietnamese Minister of Industry and Trade Nguyen Hong Dien at the 29th Meeting of APEC Ministers Responsible for Trade (MRT) in Hanoi on May 28.
Prime Minister Pham Minh Chinh and his Australian counterpart Anthony Albanese agreed to elevate their countries’ relations to a new level in the future during their talks in Hanoi on June 4 morning.
Prime Minister Pham Minh Chinh has just appointed Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan as head of the Government delegation for international economy and trade negotiations.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The US and Vietnamese officials at the ground breaking ceremony of a new US Embassy campus in Hanoi. (Photo: VNA) 
