Business

Vietnam, Nepal look towards stronger investment, trade ties

Vietnamese Ambassador to India, Nepal and Bhutan Nguyen Thanh Hai attended the 3rd Nepal Investment Summit on April 28-29 at the invitation of Nepali Finance Minister Barsha Man Pun.
Vietnam, Nepal look towards stronger investment, trade ties ảnh 1Vietnamese Ambassador to India, Nepal and Bhutan Nguyen Thanh Hai (left) and Nepal'sVice President Ram Sahay Prasad Yadav (right) (Photo courtesy of Vietnamese Embassy in India)
Hanoi (VNA) – Vietnamese Ambassador to India, Nepal and Bhutan Nguyen Thanh Hai attended the 3rd Nepal Investment Summit on April 28-29 at the invitation of Nepali Finance Minister Barsha Man Pun.

As part of his working trip, the ambassador paid courtesy visits to Vice President Ram Sahay Prasad Yadav, and Deputy Prime Minister and Minister for Foreign Affairs Narayan Kaji Shrestha.

Hai suggested the two sides work on measures to foster their fine traditional relationship, saying Vietnam and Nepal should boost trade, tourism and investment ties, and step up coordination at regional and international forums.

Yadav and Shrestha highly valued Vietnam’s Doi Moi (Reform), its experience in socialist-oriented market economy development and socio-economic achievements.

Yadav expressed his hope that the ambassador will help Vietnamese enterprises invest in Nepal, particularly in hydropower, renewable energy, tourism and agriculture. He suggested Vietnam soon launch direct flights to Nepal, contributing to strengthening the trade, investment and tourist ties.

The Vice President also commended the role of the Vietnam-Nepal Friendship Association and the Vietnam-Nepal Friendship Parliamentarians Group in promoting people-to-people diplomacy, parliamentary diplomacy and the friendship between the two countries.

Shrestha affirmed that the Nepali Government welcomes Vietnamese investors, and agreed to push ahead with the implementation of the political consultation mechanism between the two countries and all-level delegation exchanges.

The official said he hopes that the two sides will soon sign a Trade and Investment Framework Agreement (TIFA), noting Nepal will closely coordinate with Vietnam in preparing for the 50th anniversary of the bilateral diplomatic ties in 2025.

On this occasion, Hai had a working session with the Nepal-Vietnam Chamber of Commerce & Industry (VNCCI), during which he called on Nepali businesses to come and study the Vietnamese market and participate in fairs there.

He also met with Lumbini province’s Chief Minister Jokh Bahadur Mahara, and representatives of the Vietnamese community in Nepal./.
VNA
#Nepal #Vietnamese Ambassador #investment #relationship #trade #Vietnam Plus #Vietnam News Agency Nepal
Follow VietnamPlus

Related News

Nepal wants to boost trade-economic ties with Vietnam

Nepal wants to boost trade-economic ties with Vietnam

Vietnamese Ambassador to India, Nepal and Bhutan Nguyen Thanh Hai has presented his credential letter to President of Nepal Ramchandra Paudel in the capital city of Kathmandu, during which he pledges to do his best to enhance relations between Vietnam and Nepal across fields.
Vietnam, Nepal enhance friendship

Vietnam, Nepal enhance friendship

President of the Vietnam Union of Friendship Associations (VUFO) Phan Anh Son hosted a reception for a delegation from the Nepal Peace and Solidarity Council (NPSC) led by its Chairman Rabindra Adhikari, who is also a member of the Communist Party of Nepal (Unified Marxist-Leninist) (CPN-UML), in Hanoi on December 16.

See more

A Vietcombank employee guides a client in biometric process (Photo: qdnd.vn)

Vietnam's biometric surge powers digital banking overhaul

As the Party identified breakthroughs in science – technology and innovation as a key driver of national progress, the mastery and adoption of biometric technologies must go hand in hand with safeguarding public trust, data security, and citizens’ interests, all aligned with the people-first philosophy guiding the country's digital agenda.

The Ministry of Finance is working to establish a mechanism for regular and ongoing dialogue with international credit rating agencies, including Fitch, Moody’s and S&P. (Illustrative image: VNA)

Fitch Ratings upgrades Vietnam’s senior secured long-term debt rating to BBB-

The rating for Vietnam’s secured long-term debt was raised to BBB-, equivalent to investment grade, one notch higher than the country’s long-term foreign-currency rating on unsecured debt, which remains at BB+. The upgrade followed Fitch’s review under its revised Sovereign Rating Criteria issued in last September, said the Ministry of Finance.

A view of the site where the Ninh Thuan 1 Nuclear Power Plant is located in Phuoc Dinh commune, Khanh Hoa province (Photo: VNA)

Nuclear experts urge century-long commitment at 14th Party Congress

VietNuc’s executive board, including Chairman Bui Nguyen Hoang from the Électricité de France SA (EDF) (EDF), Ung Quoc Hung from Setec Nucléaire Group, and Vu Minh Ngoc from French National Radioactive Waste Management Agency Andra, hoped that the Congress would refine mechanisms and policies to better tap OV nuclear talents.

Ahmad Haikal Hasan, Head of the Halal Product Assurance Organising Agency (BPJPH) of Indonesia, speaks at the seminar (Photo: VNA)

Indonesia ready to cooperate with Vietnam in halal sector

Ahmad Haikal Hasan, Head of the Halal Product Assurance Organising Agency (BPJPH) of Indonesia, described Vietnam as a “potential supplier” of halal products with the capacity to play a larger role in the market, particularly in the fast-moving consumer goods (FMCG) sector. He revealed a plan to visit Vietnam next week to discuss the country’s progress in the global halal industry.

Delegates perform the opening ceremony. (Photo: VNA)

Thailand Week 2026 opens in Hanoi

The event brings together more than 100 companies, including Thai enterprises and Vietnamese importers, across about 120 booths. It features a wide range of Thai products aligned with consumer trends in Vietnam, including food and beverages, health and beauty, mother-and-baby and pet products, fashion and jewellery, household goods and tourism services.

Illustrative image (Photo: VNA)

Vietnam remains Singapore’s third-largest seafood supplier in 2025

Data released by the Accounting and Corporate Regulatory Authority of Singapore (ACRA) show that Singapore spent 125.5 million SGD (97.7 million USD) importing seafood from Vietnam last year, up 10.7% year on year, accounting for 10.3% of the city-state’s total seafood import market.

Workers assemble mobile phone components at Diem Thuy Industrial Park in the northern province of Thai Nguyen. (Photo: VNA)

Electronics exports surpass 107 billion USD in 2025

With an export turnover of 107.75 billion USD in 2025, computers, electronic products and components not only maintained their position as Vietnam’s largest export by value, but also contributed more than half of the overall increase in the country’s export turnover in 2025.

Experts said that Vietnam’s economic outlook continues to be underpinned by stable foreign direct investment inflows and public investment, which is playing an important role in driving growth. (Photo: thoibaotaichinh.vn)

Foreign investors maintain strong confidence in Vietnam’s market

Looking ahead to 2026, prospects remain bright as manufacturing, economic growth and foreign investment in Vietnam are expected to stay robust, with the country forecast to post the highest growth rate in the region this year, according to Adam Sitkoff, Executive Director of the American Chamber of Commerce (AmCham) in Vietnam.