Red River localities join hands to attract investment

Industry and trade sectors of 14 cities and provinces along the banks of the Red River have agreed to strengthen their cooperation and make full use of regional connectivity to attract more investment, exploiting the potential and advantages of each locality.
Industry and trade sectors of 14 cities and provinces along the banks ofthe Red River have agreed to strengthen their cooperation and makefull use of regional connectivity to attract more investment, exploitingthe potential and advantages of each locality.

Theagreement was reached during a conference between sectorrepresentatives from the localities in Hanoi on August 30.

They will continue updating information and effectively removedifficulties for businesses by working more closely with relevantagencies for the rest of the year.

Accordingly,they will discuss with People’s Committees in the region to seeksolutions to obstacles in the implementation of projects, clearing theground to develop industry and a trade infrastructure system.

Local Industry and Trade Departments will continue to renovate methodsto promote trade in foreign markets, focusing on promising destinationsas well as products with high domestic consumption and export demand.

Meanwhile, the programme of stabilising prices of some necessary commodities will also be maintained.

In the first seven months of this year, industry production in the RedRiver Delta and North Central regions reached nearly 1,080 trillion VND(more than 51.4 billion USD), a 32.3 percent rise year-on-year, whilethe national figure saw only a 5.2 percent increase against the sameperiod last year.

Despite climbing inflation, theregion’s retail and consumption services still posted 440 billion VND ofturnover in the January-July period, rising 13.5 percent year-on-yearand accounting for 29.6 percent of the country’s total. Hanoi sawthe greatest turnover in the region.

At the sametime, the area earned more than 27 billion USD in exports, up 47.1percent over 2012 and 37.1 percent of the national total.

Hanoi , Hai Duong, Hai Phong and Quang Ninh are leading localities in exports.

In 2012 and the first seven months of 2013, the localities invested asmuch as 761.5 billion VND in supporting businesses engaged in the pricestabilising programme.

The localities also organised 927 mobile shops to make sure people in mountainous and remote areas were serviced.-VNA

See more

Prime Minister Pham Minh Chinh chairs the meeting (VNA)

PM urges proactive engagement with US on trade talks

Trade negotiations with the US must be calm, consistent, and flexible, aiming to protect national sovereignty, security, and interests, while upholding international commitments and pursuing “balanced interests, shared risks," said Prime Minister Pham Minh Chinh.

Fisshing vessels in Quang Binh province (Photo: VNA)

Vietnam races against time to have EC’s "yellow card" lifted before Sept. 15

The Ministry of Agriculture and Environment particularly focused on resolving all EC concerns before September 15, the deadline for submitting a progress report to the commission, as well as ensuring thorough preparations for the fifth inspection so as to secure the removal of the “yellow card” warning.

The daily reference exchange rate for the US dollar is set at 24,960 VND/USD on April 29. (Photo: VNA)

Reference exchange rate down April 29

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,960 VND/USD on April 29, down 4 VND from April 28.

Investment in artificial intelligence surges eightfold compared to 2023 (Photo: VNA)

Investment in AI in Vietnam increases eightfold

Vietnam is entering a new phase of growth, where innovation, science, and technology are at the forefront of shaping its future. From being an emerging market, Vietnam has now risen to become a strategic destination for technology investment in Southeast Asia, driven by the aspirations of the entrepreneurial community and strategic guidance from the government

The talks between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Cambodian Minister of Commerce Cham Nimul on April 28 (Photo: VNA)

Vietnam, Cambodia seek ways to bolster economic, trade ties

Vietnam and Cambodia inked an agreement on promoting bilateral trade for the 2025–2026 period, which provides preferential tariffs for many competitive goods from each side – much more favourable than those under the ASEAN Trade in Goods Agreement (ATIGA).

President of Vietnam Luong Cuong (10th from left), Party General Secretary and President of Laos Thongloun Sisoulith (ninth from left), and officials of the two countries at the inauguration ceremony of Wharf No. 3 of Lao - Viet International Port on April 28 (Photo: VNA)

New wharf at Lao - Viet Int’l Port inaugurated

The launch of Wharf No. 3 of Lao - Viet International Port expected to help ensure infrastructure for socio-economic development in both Vietnam and Laos, meeting the increasing demand for goods transportation.

Vietnamese Ambassador to Brazil Bui Van Nghi (centre), who is concurrently in charge of Peru pays a courtesy visit to Peru's Deputy Foreign Minister Felix Denegri Boza. (Photo published by VNA)

Vietnam, Peru step up economic and trade cooperation

Peru is currently Vietnam’s sixth-largest trading partner in Latin America. However, the trade value, standing at 518 million USD, remains modest compared to the potential and real demand between the two complementary economies.

Permanent Deputy Prime Minister Nguyen Hoa Binh speaks at the meeting with representatives from ministries, agencies, international institutions, banks, investment funds and investors in Hanoi on April 28. (Photo: VNA)

Deputy PM vows optimal conditions for firms to expand investment in int’l financial centres

Speaking at a meeting with representatives from ministries, agencies, international institutions, banks, investment funds and investors in Hanoi, Binh said that the Government of Vietnam is committed to always accompanying businesses, creating the most favourable conditions for enterprises to expand their investment in international financial centres in Vietnam as well as invest in other ecosystems that they are interested in.

Tunisia’s demand for imported goods remains high, especially for essential commodities such as raw coffee, rice, and sugar. Illustrative image (Photo: VNA)

Vietnam, Tunisia boost economic and trade cooperation

In 2024, trade between Vietnam and Tunisia reached 267 million USD, almost tripling the figure recorded in 2023. Vietnam’s main exports to Tunisia included footwear, raw coffee, pepper, cashew nuts, seafood, and machinery, while Vietnam imported seafood, dates, chemicals, and animal feed materials from Tunisia.

Local carmaker Kim Long Motor company and Korean Daon Mobility ink an agreement on exporting the local brand bus into the Korean market. Photo courtesy of Kim Long Motor (

Local carmaker to export buses to RoK

It’s expected that the first batch of 50 electric EV Buses will be delivered to the Republic of Korea (RoK) for operation in the second quarter this year.

Tourists from Tashkent to Da Nang (Photo: VNA)

Da Nang launches direct air route to Uzbekistan

Nguyen Thi Phuong, President of Prestige DMC Vietnam, noted that the charter service from Tashkent to Da Nang is being operated through a partnership between Prestige DMC Vietnam, Red Island Company, Centrium-Air Airways, and Prestige Travel Uzbekistan.

ASEAN, China promote cross-border payments

ASEAN, China promote cross-border payments

In the first quarter of 2025, the value of RMB transactions between China and Malaysia reached 102 billion RMB (4 billion USD), up 27% year-on-year, while transactions with Cambodia reached 5 billion RMB (686 million USD), an increase of 45% compared to the same period in 2024.