Ample room for Vietnam, Mexico to boost cooperation in key industries: minister

Vietnam and Mexico should consider the possibility for cooperation in and development of basic industries, especially metallurgy, mechanical engineering, and manufacturing and processing, Minister of Industry and Trade Nguyen Hong Dien has said.
Ample room for Vietnam, Mexico to boost cooperation in key industries: minister ảnh 1Minister of Industry and Trade Nguyen Hong Dien (Photo courtesy of the MoIT)
Hanoi (VNA) - Vietnam and Mexico should consider the possibility for cooperation in and development of basic industries, especially metallurgy, mechanical engineering, and manufacturing and processing, Minister of Industry and Trade Nguyen Hong Dien has said.

The Minister made the statement while hosting a recent reception for new Mexican Ambassador to Vietnam Alejandro Negrin Muñoz.

Dien expressed his hope that the ambassador will make various contributions to promoting Vietnam-Mexico cooperation across all fields, with economy-trade and investment serving as the pillar.

He highly valued achievements in bilateral trade cooperation in the recent times despite impacts of COVID-19, while underlined opportunities brought by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) for the countries’ economic, trade and investment ties.

In the coming time, Vietnam and Mexico will accelerate the exchange of delegations and promotion activities for products that they have strength in while capitalising on the CPTPP and activities supporting operations and investment of the business community.

In the context of the ‘new normal’, the sides are urged to step up cooperation efforts towards swift economic recovery and sustainable development, Dien said.

The two countries should work together to take shape new global production and supply chains resilient to crises, and pay due attention to developing breakthrough sectors in line with the global trends such as green economy, new energy and fields of digital economy.

Dien informed his guest that his ministry will work with the Ministry of Agriculture and Rural Development to provide the Mexican side with necessary information on Vietnam’s current regulations so that the sides can promptly reach consensus on procedures for specific products. 

He expressed his concern about Mexico’s launch of a trade probe against Vietnamese export items and asked the Mexican side to carry out a case against Vietnam’s steel in an objective and fair manner, in tandem with regulations of the World Trade Organisation.

For his part, the Mexican ambassador affirmed that Vietnam is among leading trade partners of Mexico in the region.

He rejoiced at positive outcomes of the third meeting of the Vietnam-Mexico Joint Committee for Economic, Trade and Investment Cooperation last year and proposed the side work closely together for the holding of the fourth meeting slated for 2023 in Mexico.

Taking note of Dien's suggestions, the ambassador said that Mexican agencies have been working with the Ministry of Industry and Trade and relevant agencies of Vietnam in creating favourable conditions for investment and operation of the countries’ business community./.
VNA

See more

Vietnamese prefer buying gold to mark God of Wealth Day (Photo: VNA)

Gold prices up again on God of Wealth Day

Gold prices surged significantly, exceeding the threshold of 90 million VND (3,550 USD) per tael at the opening session of the God of Wealth Day on February 7 (the 10th day of the first lunar month).

Vietnam will complete and develop the national nuclear power infrastructure to support the implementation of the Ninh Thuan nuclear power project, (Illustrative photo: VNA)

Master plan on atomic energy development, application approved

Efforts will be made to urgently complete and develop the national nuclear power infrastructure to support the implementation of the Ninh Thuan nuclear power project, while continuing to carry out the national nuclear power development programme.

Rice for export at Thoai Son Foodstuff One-member Co. Ltd. under Loc Troi Group. (Photo: VNA)

Vietnam works to expand markets, sustain rice export growth

By mid-January, Vietnam had exported 268,700 tonnes of rice, generating nearly 165.7 million USD, up 38.7% in volume and 23.28% in value year-on-year. To sustain exports, authorities are prioritising trade promotion, with the Ministry of Industry and Trade implementing measures to boost rice exports.

At the meeting between Minister of Agriculture and Rural Development Le Minh Hoan and visiting FAO Director-General Qu Dongyu. (Photo: VNA)

Vietnam, FAO join hands to boost South-South cooperation on agriculture

United Nations Food and Agriculture Organisation (FAO) Director-General Qu Dongyu's working trip to Vietnam from February 5-8 aims to promote bilateral cooperation in the fields of agriculture, food security, environmental protection, and rural development amid complicated and unpredictable global developments.

Deputy Prime Minister Ho Duc Phoc speaks at meeting of the Steering Committee for Price Management (Photo: VNA)

Deputy PM stresses importance of efficient price management in 2025

Deputy PM Ho Duc Phoc said with the GDP growth target for 2025 of at least 8%, the amount of money injected into the economy will be significantly higher than in 2024, and growth drivers will be stimulated, thereby impacting price indexes, especially consumer prices.

At the business registration office under the municipal Department of Planning and Investment (Photo: VNA)

Number of firms resuming operations in Hanoi surges 44%

New business registrations in Hanoi saw a 24.3% decline, with 2,045 new enterprises receiving certificates. The total registered capital for the new establishments dropped by 53.4% to 13.8 trillion VND (546.1 million USD).

A corner of VSIP Bac Ninh (Photo: VNA)

Bac Ninh wins growing investor confidence

With its potential and local authorities’ flexible and business-friendly policies, Bac Ninh is establishing itself as a magnet for both domestic and foreign investors.

Investors watch the market's movements at a trading office of a securities firm. (Photo: VNA)

Stock market gears up for a new era

The mission of the securities sector is to continuously develop infrastructure, improve service quality, attract international investors and mobilise medium- and long-term capital.

The Cai Mep - Thi Vai deep-water port complex in Ba Ria - Vung Tau province plays a pivotal role in attracting FDI capital to the southeastern region. (Photo: VNA)

Vietnam’s FDI inflow soars by 48.6% in January

The manufacturing and processing industry dominated foreign investment, attracting over 3.09 billion USD, equivalent to nearly 71.3% of total investment and showing a remarkable 99.1% increase year-on-year.

Vietnam's CPI in January 2025 expands by 3.63% year-on-year, while core inflation rose 3.07%. (Photo: VNA)

January CPI up 0.98%

Such factors as adjusted healthcare fees, and higher transportation costs and food prices led to a 0.98% rise in the Consumer Price Index (CPI) in January.