Vietnamese minister discusses economic, trade ties with US, Singaporean officials
Vietnamese Minister of Industry and Trade Nguyen Hong Dien has held a virtual meeting with the US Trade Representative, Ambassador Katherine Tai, and Singaporean Minister for Trade and Industry Gan Kim Yong.
The teleconferenced meeting between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and the officials of the US and Singapore. (Photo: VNA)
Hanoi (VNA) – Vietnamese Minister ofIndustry and Trade Nguyen Hong Dien has held a virtual meeting with the US Trade Representative, Ambassador Katherine Tai, and Singaporean Minister forTrade and Industry Gan Kim Yong.
The event focused on regionalcooperation frameworks, economic connectivity initiatives, and cooperation viabilateral frameworks such as the Vietnam - US Trade and Investment FrameworkAgreement and others that Vietnam and Singapore agreed on during PresidentNguyen Xuan Phuc’s State visit to the city state in late February.
The officials looked at orientationsfor economic and trade partnerships to cope with the adverse impacts of theCOVID-19 pandemic, resolve disruptions to global supply chains, and recover economicgrowth.
They shared the view on the need tocontinue in-depth cooperation, consultation and discussion on issues of commonconcern in order to foster Vietnam’s trade and economic ties with the US andSingapore.
They also touched upon the implementation of the free tradeagreements to which both Vietnam and Singapore are parties, as well as thedevelopment of cooperation frameworks with the participation of the US andother countries.
At the meeting, the officials also scrutinisedissues related to ASEAN - US cooperation to prepare for a special ASEAN - USsummit set to take place soon./.
Prime Minister Pham Minh Chinh attended the ground-breaking ceremony of the Vietnam - Singapore Industrial Park (VSIP) No. 3 in southern Binh Duong province on March 19.
Vietnamese Ambassador to Singapore Mai Phuoc Dung will be among speakers at a discussion of the ongoing Singapore Apex Business Summit 2022, together with ambassadors of Indonesia and the Philippines.
The southern province of Ba Ria – Vung Tau’s Phu My township signed a memorandum of understanding (MoU) on cooperation with Monterey Park city in the US’s California state at a virtual ceremony on March 29.
Vietnam wishes to work together with the US – one of its leading important partners – to deepen the bilateral comprehensive partnership on the basis of respecting each other’s independence, sovereignty, territorial integrity, political institutions and differences, Prime Minister Pham Minh Chinh affirmed on March 30.
Vietnam’s overseas investment reached over 211.45 million USD in the first quarter of 2022, equivalent to nearly 37 percent of that reported in the same period last year, according to the Ministry of Planning and Investment.
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.
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 teleconferenced meeting between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and the officials of the US and Singapore. (Photo: VNA) 
