Vietnam’s tourism, trade potential popularised in Israel
Vietnam’s tourism and farm produce trade potential was introduced to Israeli partners at a seminar held in Tel Aviv on June 15, aiming to boost bilateral partnerships in these areas.
Paticipants in the seminar on June 15 (Photo: VNA)
Tel Aviv (VNA) – Vietnam’stourism and farm produce trade potential was introduced to Israeli partnersat a seminar held in Tel Aviv on June 15, aiming to boost bilateral partnershipsin these areas.
Ambassador Ly Duc Trung said Vietnam boasts much room for receivinginvestment and promoting production. Coming to the country, Israeli people andenterprises can access diverse material sources, travel companies can organiseagro-tourism trips, while investors can help raise local agricultural products’value.
He suggested tech firms ofIsrael introduce advanced technologies and techniques to help Vietnam improve theagricultural production capacity, noting that with high technology appliedfurther, farm produce will have higher added value and competitiveness whenbeing exported to regional and global markets.
Expressing their wish to tapinto bilateral cooperation potential in trade and tourism, other participantsin the event pointed out that Israeli people are eager to visit Vietnam as theSoutheast Asian country has put the COVID-19 pandemic under control andcompletely reopened tourism.
Meanwhile, Israel possessesmany technologies, mostly those related to agricultural production and foodprocessing, that Vietnamese businesses need.
Or Nehushtan, arepresentative of the Federation of Israeli Chambers of Commerce, considered bilateraltourism potential huge, saying the potential will become even greater once thepandemic is over.
In terms of bilateral trade,he noted not many Israeli companies have learnt about what Vietnam has, andthat trade potential is considerable, not only for tea and coffee - theproducts Vietnam has long been famous for - but also for all other commodities.
The two sides are acceleratingtalks on some important deals such as a free trade agreement and another onlabour cooperation, and deliberating a direct air route. Israel is alsoincreasing assistance for businesses and startups of Vietnam.
In 2021, bilateral tradestill grew despite COVID-19 impacts, turning Vietnam into the largest tradingpartner of Israel in Southeast Asia./.
The Embassy of Israel on December 13 presented more than 22,000 plants to farmers in Bac Phong commune, Cao Phong district, the northern mountainous province of Hoa Binh, in response to the 1-billion-tree growing project launched by the Vietnamese Prime Minister.
The Vietnamese Embassy in Israel, in collaboration with the Israel-Asia Chamber of Commerce, held a ceremony on March 22 to inaugurate the Israel-Vietnam Chamber of Commerce.
Politburo member and Chairman of the Central Theory Council Nguyen Xuan Thang made a working visit to Israel from May 10-14, aiming to strengthen the bilateral friendship and cooperation.
Assistant Minister of Foreign Affairs Do Hung Viet and Israel Ministry of Foreign Affairs’ Political Director Alon Bar co-chaired the fourth political consultation conference between the two ministries via videoconference on May 26.
The 2nd Vietnam – Israel Defence Policy Dialogue took place in Hanoi on June 2 under the co-chair by Vietnamese Deputy Minister of National Defence Sen. Lt. Gen. Hoang Xuan Chien, and Major General (retired) Amir Eshel, Director General of the Israeli Ministry of Defence.
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.
Paticipants in the seminar on June 15 (Photo: VNA) 
