The Foreign Ministry will organise additional activities to boost commercial connectivity between Vietnamese localities and enterprises and their Israel partners.
Foreign Deputy Minister Le Hoai Trung addresses the conference. (Photo: VNA)
Hanoi (VNA) -❀ The Foreign Ministry will organise additional activities to boost commercial connectivity between Vietnamese localities and enterprises and their Israel partners.
Foreign Deputy Minister Le Hoai Trung made the statement during a conference dubbed “Meet Israel”. The meeting was held in Hanoi on November 5 gathering 130 representatives of provincial agencies and businesses from both countries.
According to the Deputy Minister, the bond between Vietnam and Israel has grown substantially since it was established in 1993.
A fivefold increase was recorded in two-way trade revenue within the last five years, from 200 million USD in 2009 to almost 1.1 billion USD in 2014. Bilateral partnership has been forged and expanded, particularly in science and technology.
Vietnamese Ambassador to Israel Cao Tran Quoc Hai said Vingroup, TH True Milk and Hoang Anh Gia Lai are among leading Vietnamese businesses, who are applying technology transferred from Israel to improve agricultural produce quality. They have achieved positive outcomes thus far.
Meanwhile, Israel’s drip irrigation technology, male shrimp breeding production and medical equipment are capturing the interest of Vietnamese firms, added the diplomat.
Agreeing with the Vietnamese officials, Israeli Ambassador to Vietnam Meirav Eilon Shahar expected the two countries’ localities and businesses would advance their cooperation in trade and investment to fully tap their potential.-VNA
Ilan Fluss, Deputy Director of Israel’s Agency for International Development Cooperation under the Israeli Ministry of Foreign Affairs (MASHAV), said the agency considers HCM City as one of focuses in Israeli cooperation with Vietnam.
Vietnam and Israel should make more efforts to expand their trade to 2 billion USD in 2015 and higher in the following years, said Chairman of the Party Central Committee’s Commission for Economic Affairs Vuong Dinh Hue.
The Viet Uc Group, Vietnam’s leading shrimp fry supplier, will invest about 800 billion VND (3.67 million USD) in a hi-tech intensive shrimp farming zone in central Binh Dinh province’s Phu My district.
The southern province of Binh Duong has successfully applied new technology on nearly 1,000 hectares of farm land to create produce with high economic value.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
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.
Foreign Deputy Minister Le Hoai Trung addresses the conference. (Photo: VNA)
