Vietnamese enterprises in Switzerland, Russia enhance trade relations
Ambassador Nguyen Trung Thanh hoped for successful relations between Vietnamese enterprises in Switzerland and Russia, which will open up new business opportunities.
Moscow (VNA) – Ambassador Nguyen Trung Thanh hoped for successful relations between Vietnamese e𒁏nterprise▨s in Switzerland and Russia, which are expected to open up new business opportunities.
Thanh, who is Head of Vietnam’s Permanent Mission to the UN, the World Trade Organisation and other international organisations in Geneva, made the statement during a meeting of Vietnamese businesses in Switzerland and the Vietnamese Business Association in Russia (VBAR) from January 12 to 17.
In the working session in Moscow, Ambassador Thanh expressed his enthusiasm for the Hanoi- Moscow trade centre (Incentra), which has been billed as one of Vietnamese expats’ greatest achievements in foreign countries.
VBAR Vice Chairman Bui Van Hoa briefed Ambassador Thanh and Vietnamese firms in Switzerland on Russia’s socio-economic conditions, highlighting that economic difficulties in Russia are affecting Vietnamese people’s business.
Ambassador Thanh and Vietnamese businesses will continue to meet with VBAR members in Saint Petersburge and Krasnodar.-VNA
Party General Secretary Nguyen Phu Trong on November 25 had a meeting with Russian Prime Minister Dmitry Medvedev in Sochi city, during which they agreed to work harder to raise bilateral trade to 7 billion USD by 2015 and 10 billion USD by 2020.
Ho Chi Minh City’s authorities have decided to intensify trade promotion activities in Russia in the time ahead to tap into the potential Eurasian market and optimize signed FTA.
Vietnam will organise a series of events in Russia in response to the signing of the free trade agreement (FTA) between Vietnam and the Eurasia Economic Union (EEU).
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.
At the meeting (Photo: VNA)
