Venezuela and Vietnam are looking to build a strategic alliance in energy via cooperation with the Vietnam National Oil and Gas Group in order to ensure each country’s energy security.
Venezuela and Vietnam are looking to build a strategic alliance in energy via cooperation with the Vietnam National Oil and Gas Group in order to ensure each country’s energy security, Venezuelan President Nicolas Maduro Moros has said.
At a meeting with Vietnam’s Deputy Prime Minister Hoang Trung Hai and business representatives in Hanoi on August 31, the Venezuelan President said energy is among the most important issues recently agreed upon by the two Governments.
He stressed Venezuela continually attaches importance to all-around cooperation with the Southeast Asian nation.
Hailing Vietnam’s goods production capacity, especially in agriculture, President Maduro said Venezuela plans to enhance its trade ties with Vietnam and will enact measures to reach cooperation agreements between the two countries’ businesses, targeting a trade value of 1 billion USD.
He suggested the two sides identify commitments, initiatives and areas of cooperation to be implemented first in order to stimulate bilateral collaboration.
The Venezuelan leader said three agricultural cooperation projects are being implemented in his country’s central region, noting Venezuela will ensure capital, material conditions and equipment to welcome Vietnamese investors this October.
In response, Deputy PM Hai said economic and trade ties between Vietnam and Venezuela have yet to match the two countries’ potential and strength.
He called on Vietnamese and Venezuelan businesses to increase exchanges and take initiative in seeking cooperation possibilities and extract opportunities offered by trade promotion programmes between the two countries.
Since Vietnam and Venezuela established diplomatic relations 25 years ago, apart from politics, diplomacy and culture, the two countries have also paid heed to economic, trade and investment ties, he said.
Hai cited the bilateral trade turnover which climbed from 20 million USD in 2010 to over 62 million USD in 2014.
The official said the two countries boast strong potential for cooperation in energy, oil and gas, consumer goods production, healthcare, science-technology and agriculture.-VNA
Venezuelan President Nicolas Maduro Moros will pay an official visit to Vietnam from August 30 to September 1 to foster bilateral relations between the two nations.
State President Truong Tan Sang reiterated Vietnam’s interest in deepening ties with Venezuela to benefit the two peoples during his talks with Venezuelan President Nicolas Maduro Moros in Hanoi.
National Assembly Vice Chairwoman Tong Thi Phong held a reception on August 31 for Venezuelan President Nicolas Maduro Moros, who is on an official visit to Vietnam.
Vietnam and Venezuela affirmed to closely collaborate in promoting bilateral cooperation, especially in energy, oil and gas, agriculture and aquatic farming.
Prime Minister Nguyen Tan Dung has assured Venezuelan President Nicolas Maduro Moros that the Vietnamese government will do its best to materialise agreements reached by the two countries’ leaders.
Venezuelan President and President of Venezuela’s United Socialist Party Nicolas Maduro Moros stated that his country is keen on boosting friendship and all-round ties with Vietnam.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
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.
Overview of the meeting (Source: VNA)
