Business

Room for Vietnam’s exports to Eurasia remains huge

The Ministry of Industry and Trade’s Department of European – American Markets held a trade cooperation forum with Eurasian partners both online and offline on December 22.
Room for Vietnam’s exports to Eurasia remains huge ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) – The Ministry of Industry and Trade’sDepartment of European – American Markets held a trade cooperation forum with Eurasianpartners both online and offline on December 22.

Speaking at the event, Director of the department Ta Hoang Linhdescribed Eurasia as a huge market with 28 countries which are home to apopulation of over 410 million people and a gross domestic product of over 3.3trillion USD.

Despite COVID-19 pandemic, two-way trade between Vietnam andEurasia still hit 12.7 billion USD in 11 months of this year, up 13.1 percentannually. Of the figure, 8.6 billion USD was Vietnam’s export which remainedmodest compared to their import demand of more than 1.34 trillion USD, or only0.66 percent of the market share, showing that room for Vietnam’s exportsremains huge.

As of the late November, 18 out of 28 regional countriesinvested in 319 projects worth nearly 1.78 billion USD in Vietnam, or 0.44percent of the total foreign direct investment in the country.

Meanwhile, Vietnam poured around 2.82 billion USD in 37 projectsin nine regional nations as of the late September. Russia was the biggestrecipient of Vietnamese investment with 15 projects valued at 2.8 billion USD.

Several speakers pointed out the benefit of goods transportationvia Asia-Europe railway route and seaports in Eastern Europe such as Slovenia,Bulgaria and Romania and shared information about e-commerce sites in thesemarkets to help Vietnamese firms seek export opportunities.

Questions regarding foreign countries’ import and investmentattraction policies were answered at the event. Market demands and opportunitiesfrom free trade agreements were also updated.

Linh affirmed that the ministry will continue partnering withbusiness community to boost trade and investment activities between Vietnam andEurope-America and Asia-Europe in particular./.

VNA
#Ministry of Industry and Trade #Vietnamplus #Vietnam News Agency #two-way trade #Department of European – American Markets #e-commerce #Eurasia Vietnam
Follow VietnamPlus

Related News

See more

On average, 1,065 cars were sold each day in June. (Photo: tinnhanhchungkhoan)

Car sales increase sharply in June

Passenger cars accounted for the largest number of sales with 22,934 vehicles, up 14.6% over the previous month. Meanwhile, sales of commercial vehicles reached 8,782, down 2%, while specialised vehicle sales reached 261, up 23% over the previous month.

Domestic revenue accounts for 1,158.4 trillion VND, or 69.4% of the yearly estimate. (Photo: VNA)

State budget revenue surges over 28% in H1

A total of 1,988 new projects were licensed in the first half, up 21.7% year-on-year, with newly registered capital amounting to nearly 9.3 billion USD. Foreign investors poured capital into 18 out of 21 economic sectors.

VinFast partners with BatX Energies to promote high-voltage battery recycling. (Photo: VNA)

VinFast partners with Indian firm to promote high-voltage battery recycling

Under the agreement, BatX Energies will provide VinFast with comprehensive solutions for high-voltage (HV) battery recycling, including the recovery of materials such as lithium, cobalt, and nickel, as well as battery repurposing at VinFast’s manufacturing facilities and after-sales network in India.

PM Pham Minh Chinh (centre, front row) and the USABC delegation. (Photo: VNA)

Prime Minister works with USABC to foster economic and investment ties

US businesses appreciated the increasingly favourable investment and business environment in Vietnam, as well as the country’s strong commitments, vision, and concrete actions, particularly the administrative streamlining efforts. They reaffirmed their commitment to long-term investment, production, and business cooperation with Vietnam in the coming period.

Delegates at the fifth meeting of the Vietnam-Pakistan Joint Subcommittee on Trade in Hanoi on July 11. (Photo: MoIT)

Vietnam, Pakistan seek sustainable trade growth

Vietnam and Pakistan have seen steady growth in bilateral trade, with an average annual increase of over 6.7% between 2017 and 2024. Two-way trade reached over 850 million USD last year and approximately 327.5 million USD in the first five months of 2025.

New real estate developments in Thủ Thiêm urban area (Photo: VNA)

HCM City approves 17 housing projects for foreign ownership

The HCM City Department of Construction will publish detailed project information on its official portal and has been instructed to inspect four other projects with foreign involvement in sensitive areas: Hung Vuong 1 – R16, Hung Vuong 2 – R13, Star Hill – C15B (former District 7), and The Prince Residence (former Phu Nhuan district).

Workers remove unripe (green) coffee cherries to ensure quality raw materials for specialty coffee production. (Photo: VNA)

2025 coffee exports hit target, set for record 7.5 billion USD

According to the Ministry of Agriculture and Environment (MAE), Vietnam exported an estimated 953,900 tonnes of coffee worth 5.45 billion USD in the first six months of 2025, increasing by 5.3% in volume and 67.5% in value compared to the same period in 2024.

CBRE's press conference announcing the real estate market report for Q2 2025 was held in Hà Nội on July 10. (Photo: VNA)

Hanoi’s condo market sees Q2 surge in high-end supply

In a report on the capital city's property market in Q2 2025 published on July 10, CBRE experts revealed that nearly 6,850 new apartment units were put on the market in Q2, almost doubling the supply from the first quarter. ​

Passengers queue for handling immigration procedures at Huu Nghi International Border Gate in Lang Son province. (Photo: VNA)

Cross-border tourism, trade rebound at Huu Nghi int’l border gate

Statistics show that over 1.24 million people have completed immigration procedures at the Huu Nghi International Border Gate since January, including more than 430,000 with passports (up 5.8%) and over 810,000 with travel permits (up 22.5%). Most travellers are Chinese and Vietnamese citizens crossing for tourism, family visits, or business purposes.

Hai Phong City administrative centre. (Photo: diendandoanhnghiep.vn)

ABAC meeting expected to help Hai Phong promote image

Six memorandums of understanding (MoUs) will be signed in the fields of infrastructure and urban development on this occasion. In addition, Hai Phong will grant investment licences to 23 major projects with a total registered capital of approximately 15 billion USD.