Chinese firms put Vietnam on expansion radar

Tan Mingming, Deputy Director of the Foreign Affairs Office of the Dezhou Municipal People’s Government, told Vietnam News Agency reporters that the city has spent years deliberately tightening its links with the Association of Southeast Asian Nations (ASEAN), with Vietnam seen as a key partner.

Tan Mingming, Deputy Director of the Foreign Affairs Office of the Dezhou Municipal People’s Government. (Photo: VNA)
Tan Mingming, Deputy Director of the Foreign Affairs Office of the Dezhou Municipal People’s Government. (Photo: VNA)

Beijing (VNA) – Authorities of Dezhou city, a manufacturing powerhouse in China’s Shandong province, have put Vietnam squarely on their expansion radar, drawn by its improving investment climate and surging demand for industry, infrastructure and green transition.

Modern agriculture, new energy, manufacturing, environment protection and urban development have been flagged as the most promising battlegrounds for future deals.

Tan Mingming, Deputy Director of the Foreign Affairs Office of the Dezhou Municipal People’s Government, told Vietnam News Agency reporters that the city has spent years deliberately tightening its links with the Association of Southeast Asian Nations (ASEAN), with Vietnam seen as a key partner.

She said Vietnam delivers a business-friendly environment, high operational efficiency, social stability and a massive market that still has plenty of room to run.

Beyond traditional sectors like modern agriculture, wooden furniture, food processing and seasonings, Tan said the real upside is in emerging industries, including new energy, electric vehicles, sports equipment, elevators and green manufacturing, where both sides have wide-open lanes for collaboration.

She pushed for a major ramp-up in business matchmaking, trade promotion conferences, exhibitions and economic forums so companies on both sides can lock in new partners. Beyond economic ties, deeper people-to-people exchanges, especially among the youth, will deepen mutual understanding and the foundation for long-term collaboration, she added.

Dezhou companies are already scouting for more opportunities as Vietnam races ahead with industrialisation and energy transition. Hu Shujun, General Manager of the International Trade & Engineering Company at Shandong-based Gerui De Group, said her firm has been shipping central air-conditioning systems, ventilation devices, cooling towers and environmental treatment equipment to Vietnam for years.

vnanet-y.jpg
Chinese-made central air-conditioning systems are exported to Vietnam. (Photo: VNA)

Hu pointed to Vietnam’s breakneck urbanisation and industrialisation as engines that are driving heavy demand for energy-saving tech, environmental protection solutions and infrastructure.

She identified green construction, industrial environmental treatment, renewable energy, advanced materials and smart operations management as sectors with ample cooperation potential.

Both sides, Hu said, should be pushing harder to smooth out trade platforms, make it easier for firms to explore each other’s markets, widen technology cooperation and fast-track joint ventures and investment projects inside Vietnam.

According to her, stronger business cooperation won’t just extend market access but also tighten the links in regional supply chains, lining up neatly with ASEAN’s push for green and sustainable development./.

VNA

See more

A view of financial buildings in downtown Ho Chi Minh City along the Saigon River. (Photo: VNA)

HSBC: Vietnam’s growth, macroeconomic stability to face tougher test in H2

In a recently released report, Vu Binh Minh, CFA, Associate Director, FX Trading, Markets and Securities Services at HSBC Vietnam, said Vietnam’s economy has built a relatively favourable position in the first six months of the year with GDP expanding 8.18% – the highest first-half growth rate in recent years – as key growth drivers have operated in tandem.

Ha Tay Shoes has secured numerous export orders from the US and European markets. (Photo: VNA)

CPTPP strengthens free trade, expands global economic connectivity

Since taking effect, the CPTPP has significantly expanded Vietnam's access to major markets across North America, the EU, and the Asia-Pacific, contributing to strong export growth in key sectors such as textiles and garments, footwear, and agricultural, forestry and fishery products. The agreement has also encouraged greater investment into Vietnam by promoting regional production networks and clearer rules of origin.

A perspective of the Viettel Military Industry and Telecoms Group's high-tech semiconductor chip manufacturing plant at Hoa Lac Hi-Tech Park. (Photo: Viettel)

Hanoi builds momentum as Vietnam's semiconductor hub

As Hanoi continues to strengthen its semiconductor ecosystem, the city is creating a new growth driver for both the capital and the country, enhancing Vietnam's technological capabilities and paving the way for deeper integration into the global semiconductor value chain.

Clams are processed for export at the factory of Thanh Hoa Seafood Import-Export JSC in Thanh Hoa province. (Photo: VNA)

Vietnam steps up export to achieve 550-billion-USD target

Against a backdrop of persistent uncertainty in global commerce, the Government is implementing a broad range of measures to strengthen export growth during the remainder of the year. These include expanding overseas markets through economic diplomacy, maximising the benefits of free trade agreements (FTAs), streamlining administrative procedures, reducing logistics costs, improving access to credit and helping businesses overcome trade barriers. Authorities are also encouraging deeper processing, official cross-border exports and greater market diversification to improve the competitiveness of Vietnamese products.

A hydroponic vegetable garden in Nguyet Hoa ward operated by Green Farm Co., Ltd. (Photo: VNA)

Incentive policies for high-tech agricultural zones

Under Decree No. 263/2026/ND-CP, qualified projects are given priority to participate in State support programmes as well as funds and policies on research and development, technological innovation, technology transfer, human resource training, investment promotion and trade promotion.

Wind turbines stand fully installed at a wind power project in Gia Lai province. (Photo: VNA)

Gia Lai approves 56-million-USD wind power project

The 42MW wind farm is expected to generate about 123,780.8 MWh of electricity each year. Power generated will be transmitted to the national grid via the 220kV Pleiku 2–Krong Buk transmission line.

Garments for export to the Japanese market are produced at Hung Viet Garment Company in Hung Yen province. (Photo: VNA)

Vietnam’s garment sector pivots towards value-added growth

Future growth can no longer rely on expanding production capacity alone. Meeting this year's 48 billion USD export target will require greater productivity, higher value addition, stronger domestic sourcing, broader market diversification, and faster digital and green transformation.

Trucks carrying goods wait for customs clearance at the Thanh Thuy International Border Gate in Tuyen Quang province. (Photo: VNA)

Border economy strengthens Tuyen Quang’s growth momentum

While the stronger performance provides momentum for the province's 2026 growth target of 10.17%, officials say the focus must now shift from increasing cargo volumes to expanding services, reducing costs and retaining more value locally.

Construction of several key components of Long Thanh International Airport is entering its final stages. (Photo: VNA)

Major works at Long Thanh International Airport gather pace towards completion

The ACV said on July 20 that contractors are deploying additional workers and equipment to speed up construction under Component Project 3, which covers the airport's essential aviation infrastructure. Major facilities, including the first and second runways, taxiways, aircraft aprons, the passenger terminal apron and the aircraft fuel supply system, are approaching completion.

The VinFast Evo electric motorcycle on display at the event. (Photo courtesy of VinFast)

VinFast marks new step in expansion strategy in Southeast Asia

The Evo is priced at 17.5 million IDR (about 973.90 USD) in Jakarta and is available in four colour options: black, red, white and olive green. The Feliz II is sold for 18.5 million IDR, while the Viper is priced at 22 million IDR. All prices include a battery subscription package.