Vietnamese, Japanese localities seek to expand cooperation
Chairman of the People’s Committee of the southern province of Binh Duong Vo Van Minh held a reception for a delegation from the Japanese prefecture of Yamaguchi, led by its governor Muraoka Tsugumasa, on November 14.
Binh Duong (VNA) – Chairman of the People’sCommittee of the southern province of Binh Duong Vo Van Minh held a reception for a delegation from the Japanese prefecture of Yamaguchi, led by its governor Muraoka Tsugumasa, on November 14.
Minh briefed the guests on the socio-economic situation of theprovince, particularly its gross regional domestic product (GRDP) increased by8.29% in the first 10 months of this year compared to the same period lastyear.
Binh Duong is one of Vietnam's leading localities in terms of attracting foreign direct investment (FDI), he said, adding that asof October 31, it had 4,076 investment projects from 65 countries andterritories around the world with a total capital of over 39.6 billion USD.Japan had run 339 valid projects, valued at nearly 6 billion USD.
During the working session, the two sides agreed to continueinvestment and trade promotion activities, explore opportunities forcooperation in the field of high-tech agriculture and training of publicofficials as well as student exchange programmes between universities of the two localities.
A delegation from the Japanese prefecture of Yamaguchi visits a showroom displaying some typical products of Binh Duong province. (Photo: VNA)
For his part, MuraokaTsugumasa highly appreciated the strong development of Binh Duongprovince. He said that the cooperation between the two localities over the past time has achieved remarkable results, and expressed his hope that their goodrelationship will develop to new heights, contributing to the development of Vietnamand Japan in the future.
The same 🉐day, the Japanese delegation also held a workingsession with the Becamex IDC,🍌 a leading developer of industrial,urban, and transport infrastructure, and visited the innovationecosystem in Binh Duong./.
More than 100 Vietnamese and foreign firms are showcasing advanced wood processing technologies, machinery and raw materials at the 2022 Vietnam BIFA Wood exhibition which opened in southern Binh Duong province on August 8.
Domestic investment in the southern province of Binh Duong topped 62.3 trillion VND (3 billion USD) as of August 15, up 2.1% annually, surpassing the foreign direct investment (over 2.5 billion USD) for the first time, reported the provincial People’s Committee at a press conference on August 30.
The southern industrial hub of Binh Duong recorded close to 8 billion USD worth of trade surplus in the first nine months of this year, as heard at a September 28 meeting that reviewed the province’s socio-economic growth.
The additional 2.7 billion USD poured into Binh Duong in the first 10 months of 2022 has helped the southern industrial hub rank second in Vietnam in terms of foreign direct investment (FDI) attraction.
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.
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.
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.