Vietnam, RoK forge major cooperation

The governments of Vietnam and the Republic of Korea (RoK) have agreed on cooperation in trade, energy and infrastructure construction, information and communications technology (ICT) startups and investment, and healthcare and labor standards.

Asian investors increasingly keen on Vietnam

Vietnam is considered a promising destination for investment from Asia, as evidenced by the increasing operations of multinational corporations.

Vietnamese noodles clear EU safety hurdle

All of Vietnam’s instant noodle exports to Europe in the second half of 2022 have been found free of banned chemical residues, paving the way for eased inspection regimes of these popular products shipped to European markets.

The value of wood scraps for business

Reusing scraps derived from most stages of wood exploitation and processing will increase business profits by two to three percent.

Vietnam amends intellectual property law

Vietnam’s newly amended Intellectual Property Law has gone into force, bringing the country in line with international best practices.

Vietnam attracts Czech investors

A delegation of top Czech companies, led by Czech Minister of Industry and Trade Jozef Síkela, visited Vietnam in February to explore investment and business opportunities.

Promising trade with South America

South America is a new market with great export potential, but experts warn of major trade promotion challenges.

Vietnam seeks response to corporate tax overhaul

All European Union states and many other countries will introduce a global minimum tax (GMT) of 15 percent on large corporations by the start of 2024, and Vietnam is being urged to devise appropriate policies and adapt to the new taxation.

Tram Tau: A remote slice of heaven

Tram Tau hot springs, about 260 kilometers west of Hanoi, offer tourists an unforgettable experience. A tourism development campaign bills this remote corner of Yen Bai Province a “miniature Bali”.

Uncorking bottlenecks for support industry development

Vietnam is mulling legislation to boost the low localization rate of its industrial production and means to modernize its support industries and increase their participation in the local and foreign value chain.

Understanding UK trade remedies

The UK-Vietnam Free Trade Agreement (UKVFTA), which entered into force on 1 January 2021, has become a two-way highway promoting bilateral trade.

Hoa Binh, sustainable investment destination

The north-central province of Hoa Binh has recently licensed 16 investment projects totaling VND49 trillion, reflecting the province’s drive for sustainable development and its unique advantages.

Da Nang greens textile-garment industry

Textile and garment enterprises in the southcentral coastal city of Da Nang are seeking to green their production through the use of renewable energy, waste reduction and wastewater standardization.

Retail giants ramp up Vietnam investment

The recently announced major investment in Vietnam by retail giant Central Retail Corporation (CRC) reflects the market's attractiveness and growth potential in 2023.

Hanoi to speed up public investment

Chair of Hanoi People's Committee Tran Sy Thanh is urging the Government and National Assembly to provide the capital with greater power to speed up public investment.

Hanoi economy presents mixed picture

Hanoi’s total retail sales of goods and services increased 18 percent in January compared with the same period last year. The capital has also identified 22 targets for socioeconomic development in 2023.

Digital tech firms enter new phase

Vietnamese digital technology firms are entering a new period of development, bringing “Make-in-Vietnam” products to the world and accelerating domestic digital transformation.

Son La Dam’s powerful tourism potential

The area of the Son La hydropower reservoir, with its cultural features of the Thai, Tay and La Hu ethnic groups, is being awakened by tourism development to benefit local residents.

Ministry betters business environment

The Ministry of Industry and Trade (MoIT) has implemented government resolutions on improving the business environment and enhancing national competitiveness.

Fresh produce exports set to grow

The Vietnamese fruit and vegetable sector poised for promising year as exports rose 3.1 percent in January 2023.

Vietnam eyes green hydrogen development

On March 7 in Da Nang City, the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade, the ASEAN-Japan Center, and the Vietnamese Trade Office in Japan jointly held a workshop on the application and development of the hydrogen technology in green energy transition.

Trade deal with UK bolsters Vietnamese exports

The United Kingdom is the world’s fourth largest importer, but Vietnam’s share accounts for less than one percent of its total import value, signaling ample room for increased Vietnamese exports to this market.

Trade deal with EU a hit so far

Vietnam's exports to the EU have seen positive growth more than two years after the EU-Vietnam Free Trade Agreement (EVFTA) took effect in August 2020.

Vietnamese pomelos star in UK market

First Dien pomelos from the northern province of Hoa Binh are now available on the shelves of Longdan supermarkets in the UK, welcomed by the Vietnamese community in the country and local consumers.

Credit crunch burdens real estate market

Credit plays a major role in the recovery of the real estate market, but in light of major debts, experts are advising that capital be provided only for reliable projects.

Unclogging textile-garment sector supply chain

The government’s backing, especially investment capital and legislation on raw material production, is important and necessary to develop textile and garment support industries.

Green transformation, more than a slogan

The EU is set to launch a pilot phase of the Carbon Border Adjustment Mechanism (CBAM) in October 2023 and fully implement it starting January 1, 2026.

By mid-February, Vietnam's trade value had reached 72 billion USD

The General Department of Vietnam Customs reports that the country's total trade value between January 1 and February 15 was over 72 billion USD, with export turnover at 37 billion USD and a trade surplus of almost 1.7 billion USD.

Industry, trade sector responds to climate change

The Ministry of Industry and Trade (MoIT) considers climate change response and green growth an important long-term task.

Trade deal with the UK boosts investment

The bilateral trade and investment relations between the United Kingdom and Vietnam have recorded positive results in the first year of the UK-Vietnam Free Trade Agreement (UKVFTA).

Turkey natural stone trade mission to Vietnam

A B2B event to connect trade between Turkish and Vietnamese natural stone enterprises to create opportunities for Vietnamese businesses to approach international quality supplies.

Businesses back CPTPP expansion

Export-driven firms and online sellers in potential member countries see accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as providing new e-commerce export opportunities and diversifying trade away from China.

Shan Tuyet, tea as nature intended

The Shan Tuyet tea trees on top of the mountains in Phin Ho region of Ha Giang Province have been silently witnessing the passage of time for centuries and starring as central characters in folk tales.

Chemical industry applies top technologies

Enterprises in Vietnam’s chemical industry have applied new technical solutions and production methods, technological innovations and product diversification.

Attracting green investment in southeast region

Sustainable development orientation is on the rise, helping Vietnam remain competitive and advance its green economy. Ho Chi Minh City and the southern provinces of Binh Duong, Dong Nai, and Ba Ria-Vung Tau are developing strategies to boost "green" foreign direct investment (FDI) in the region.

Quang Binh: A land of endless mystery

Tourism in Quang Binh, a coastal province in North-Central Vietnam, has gained international recognition due to the locality's reputation as the "Kingdom of Caves", its unique geological features and the enigmatic tales of its history and myths.

EVFTA ensures fair competition, subsidies

Senior Vietnamese and European officials held a recent assessment of the initial two-year implementation of the EU-Vietnam Free Trade Agreement (EVFTA) at a meeting chaired by Minister of Industry and Trade Nguyen Hong Dien and European Commissioner for Trade Valdis Dombrovskis.

Ecotourism thrives in Vietnam

Ecotourism and agro-tourism are blooming in Vietnam in the post-pandemic period.

Knock wood: UKVFTA boosts exports to UK

The UK-Vietnam Free Trade Agreement (UKVFTA) has served as a catalyst to Vietnamese timber exports to the UK, said Ngo Sy Hoai, Vice Chair and General Secretary of the Vietnam Timber and Forest Products Association (VIFORES) in a talk with Vietnam Economic News’ Hoa Quynh.

Cat family - A sculptured artwork

With a passion for arts, sculptor and painter Vu Dung from Hanoi’s Hoang Mai District has been working hard to create a breakthrough in his artworks.

Will machine learning help us find extraterrestrial life?

Researchers have applied a deep learning technique to a previously studied dataset of nearby stars and uncovered eight previously unidentified signals of interest.

HCM City Export Furniture Fair to take place this month

The Ho Chi Minh City Export Furniture Fair (HawaExpo) 2023 is scheduled for February 22 to 25, kicking off a series of trade promotion events in the wood industry this year.

Hanoi helps local products extend reach

The Hanoi Department of Industry and Trade has opened three showrooms of the “One Commune, One Product” (OCOP) in recent weeks in a continuing bid to popularize high-quality specialties made in the capital and other localities.

Black rice cakes reach foreign markets

Black sesame rice cakes have long been a favorite in Nghe An Province’s Do Luong District. The Luong Son Food Production and Trading Co. Ltd. decided to share this delicacy with other regions of the country and with other countries.

Industrial production: Achievements and lessons

The 2022 industrial output has been impressive, but continued innovation as well as production and supply network recovery are vital to ensure a more sustainable path in 2023.

M&A 2023 prospects looking up

Although the market for mergers and acquisitions (M&A) in Vietnam decelerated in 2022, many economists are looking ahead to plentiful prospects for 2023.

The woman who revived Kim Hoang folk paintings

Researcher and art collector Nguyen Thi Thu Hoa has made intense efforts to revive the 18th century Kim Hoang woodcut folk painting genre, which had all but disappeared over time.

Vietnam pursues green foreign trade

Vietnam reached a record foreign trade value of an estimated US$750 billion in 2022.

Chau Ma brocade lives on

The indigenous textile products of the Chau Ma ethnic group reflect experiences, religious beliefs, skillful techniques and an enduring passion for the traditional craft practiced for generations in the Central Highlands province of Lam Dong.