The Ministry of Industry and Trade and the Vietnam Chamber of Commerce and Industry jointly held a workshop in Hanoi on May 23 to inform enterprises on the Regional Comprehensive Economic Partnership (RCEP).
Hanoi (VNA) – The Ministry of Industry and Trade and the VietnamChamber of Commerce and Industry jointly held a workshop in Hanoi on May 23 to informenterprises on the Regional Comprehensive Economic Partnership (RCEP).
Nguyen Thi Thu Trangfrom the WTO Centre said that many businesses are pinning high hopes on the RCEPas it will create a giant market accounting for 50 percent of the globalpopulation. Moreover, China and India, who are partners in the deal, accountfor 30 percent of the global GDP and 28 percent of the world’s total tradevolume.
In addition, themajority of consumers from RCEP countries – excluding those from Japan,Australia, and New Zealand – do not have so high standards, while their demandfor strong Vietnamese products such as farm produce and processed food is quitehigh, Trang said.
Pham Tuan Anh from theMinistry of Finance, who is a member of the negotiation team, said that thereare big expectations on the agreement, including import-export opportunities,as tariff incentives will be improved, customs-related procedures harmonised,and non-tariff barriers controlled.
According to Anh,markets for several services such as logistics and telecommunications will be openedup.
Negotiations on theRCEP between the Association of Southeast Asian Nations (ASEAN) and its partnersof China, Japan, the Republic of Korea, India, Australia and New Zealand beganin 2013 and are in the final stage. Once completed, the agreement will create alarge free trade region covering Vietnam’s various big export partners.–VNA
Singaporean Minister for Trade and Industry Chan Chung Sing on March 20 expressed his hope that a deal for the Regional Comprehensive Economic Partnership (RCEP) could be sealed later this year.
ASEAN economic ministers gathered at the 25th ASEAN Economic Minister Retreat (AEM Retreat) in Phuket, Thailand on April 23 to discuss the conclusion of negotiations for the Regional Comprehensive Economic Partnership (RCEP) at the end of this year, as well as the completion of the ASEAN Single Window (ASW).
The ASEAN Trade in Services Agreement (ATISA) and the fourth protocol amending the ASEAN Comprehensive Investment Agreement (ACIA) were inked by ASEAN economic ministers in Thailand on April 23.
Senior officials of the Association of Southeast Asian Nations (ASEAN) and China held a consultation in Hangzhou city, China’s Zhejiang province, on May 19 to review cooperation, discuss measures to promote partnership, and prepare for the ASEAN-China post ministerial conference this August.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Illustrative image (Source: VNA) 
