Vietnam, Azerbaijan work towards 1 billion USD in trade

State President Truong Tan Sang has proposed Vietnam and Azerbaijan raise two-way trade to 1 billion USD in the coming years, and pledged to create optimal conditions for Azerbaijani businesses to operate in Vietnam.
State President Truong Tan Sang has proposed Vietnam and Azerbaijanraise two-way trade to 1 billion USD in the coming years, and pledged tocreate optimal conditions for Azerbaijani businesses to operate inVietnam.

Speaking at the Vietnam-Azerbaijanbusiness forum on May 14, the President highly valued the bilateraltrade, which topped 422 million USD in 2014 or a year-on-year increaseof 30 percent.

He noted potential for stronger cooperation in labour, construction, healthcare and transport.

The State leader also informed businesses about a number of contentsreached by leaders of the two nations, including delegation exchangesand trade promotion in respective markets.

He described bilateral cooperation in oil and gas as a long-term, strategic priority.

Earlier the same day, the President met with veteran Azerbaijanicivilian and military experts who once helped Vietnam ’s nationaldefence and construction.

He said he is pleased withprogresses in the two countries’ relations, especially in the politicaland economic fronts, which have been strengthened via regularhigh-level delegation and trade exchanges in recent years.

He spoke in length Vietnam ’s socio-economic attainments after 30years of “Doi Moi” (reform) process, as well as its foreign externalpolicies of enhancing cooperative ties with traditional friends,including Azerbaijan .

For their part, veteran Azerbaijan experts showed their delight at the growing friendship between the two countries.

On May 15, President Truong Tan Sang met with the Vietnamese communityin Azerbaijan , whom he described as an inseparable part of thenation.

He asked the Vietnamese Embassy in Russiaand Azerbaijan to further support the overseas Vietnamese to dobusiness and popularise Vietnam ’s culture to internationalfriends.-VNA

See more

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.

Vietnamese Ambassador to China Pham Thanh Binh (left) and Chairman of the China Council for the Promotion of International Trade Ren Hongbin. (Photo: VNA)

Vietnam, China eye deepening trade promotion cooperation

The Vietnamese Embassy is ready to act as a bridge in facilitating cooperation between the China Council for the Promotion of International Trade (CCPIT) and Vietnamese partners, as well as in connecting enterprises from both countries, said Ambassador Pham Thanh Binh.

PM Pham Minh Chinh speaks at the meeting. (Photo: VNA)

PM calls for bold, accelerated action in railway development

Prime Minister Pham Minh Chinh has urged ministries, agencies, and localities to act with “greater speed and boldness” to carry out Vietnam’s railway projects at the second meeting of the Steering Committee for key national railway projects in Hanoi on April 26.

Vietnamese Ambassador to Cambodia Nguyen Minh Vu meets with leaders and staff of three rubber companies in Kampong Thom province, Cambodia. (Photo: VNA)

Vietnam, Cambodia deepen investment links in Kampong Thom

Vietnamese Ambassador to Cambodia Nguyen Minh Vu on April 25 paid a working visit to several subsidiaries of the Vietnam Rubber Group (VRG) in Kampong Thom province, and held discussions with provincial leaders to enhance coordination and create more favourable conditions for Vietnamese firms, thereby promoting stronger bilateral investment ties.

Can Tho leaders and Bestway Group executives perform the symbolic launch ceremony for the new project. (Photo: VNA)

Bestway International launches 300 million USD plant in Can Tho city

Once operational, the plant is projected to create over 5,000 direct jobs and generate approximately 500 million USD in annual revenue, primarily through exports. The project is expected to significantly enhance regional employment and economic growth, contributing to Can Tho’s development and the broader Mekong Delta region.

Tra fish processed for export in Dong Thap province (Photo: VNA)

World Bank forecasts Vietnam's GDP growth at 5.8% in 2025

As a trade-oriented economy, with imports and exports representing almost 170% of the GDP, Vietnam is particularly exposed to ongoing shifts in global trade policies. The US remains the largest export destination of Vietnam, accounting for 30% of its total exports, while China makes up 38% of its imports.

Vietnamese Minister of Industry and Trade (MOIT) Nguyen Hong Dien (Photo: VNA)

US calls tariff talks with Vietnam productive

US Trade Representative Jamieson L. Greer and Vietnamese Minister of Industry and Trade (MOIT) Nguyen Hong Dien agreed on the importance of making swift progress towards reciprocal and balanced trade between the US and Vietnam.

The working delegation from the Party Central Committee's Commission for Information, Education and Mass Mobilisation inspects the resettlement area for residents affected by the Ninh Thuan 1 Nuclear Power Plant project. (Photo: VNA)

Ninh Thuan asked to gain public support for nuclear power plant project

Pham Van Hau, Permanent Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Council, stated that recognising the importance of the project, the province has developed specific plans and a roadmap for its implementation. This includes focusing on effective communication efforts to gain high consensus among officials, Party members, and people.