Hanoi (VNA) – Vietnameseand Chinese firms operating in heavy-duty automobile spare parts met at aseminar in Hanoi on April 18 to seek partnership opportunities.
Pham Quang Thinh, deputy head ofthe Vietnam Chamber of Commerce and Industry (VCCI)’s Department ofInternational Relations, said the event affords both sides a chance tointroduce their manufacturing capacity, learn about respective markets and findpartners.
Liu Chang Yong, Chairman of theAssociation of Heavy-duty Automobile Spare Parts of Jinan city, the Chineseprovince of Shandong, said the association currently counts more than 500member enterprises which ship products to over 100 countries worldwide and earntens of billions of USD.
According to the GeneralDepartment of Vietnam Customs, two-way trade between Vietnam and China neared70 billion USD last year, nearly 20 billion of which was Vietnam’s export.
By the end of March 2017, Chinainvested in more than 1,500 projects worth around 11 billion USD in Vietnam,mostly in the fields of processing, industrial manufacturing and mining.
The Ministry of Industry andTrade’s Heavy Industry Department forecast that the domestic demand forautomobiles could amount to over 600,000 units per year in 2015.
Last year, 400 businessesdesigned and assembled about 460,000 units per year. The automobilemanufacturing and assembling sector expands nearly 17 percent annually.
A strategy to develop domesticautomobile industry until 2025 with a vision to 2035 has been approved by thePrime Minister, with incentives regarding credit, demand stimulation, andinvestment studies being outlined.-VNA
Import tax on auto spare parts and components may be down to zero percent next year, two years before schedule in 2018, under the ASEAN Free Trade Agreement (FTA).
Automobiles which are priced higher in Vietnam than in regional countries is the reason for the sluggish development of the automobile industry, experts say.
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.
Illustrative image (Source: VNA) 
