Conference discusses role of Vietnam in Asia-Europe partnership
A conference has been held in Moscow to discuss the outlook of the Eurasian Economic Union (EAEU) and the role of Vietnam and Belarus in the expansion of the Asia-Europe development space.
Moscow (VNA) – A conference has been held inMoscow to discuss the outlook of the Eurasian Economic Union (EAEU) and the roleof Vietnam and Belarus in the expansion of the Asia-Europe development space.
Addressing the event, President of the “Asia-Europe House”Association Alexander Makhlaev highlighted the role of Vietnam's traditional values in the country’s development.
He held that the political stability has paved the way for Vietnam’seconomic development.
Meanwhile, Natalya Ivanova, an expert from AV Group,underlined the significance of international business environment in theintegration process of each country.
She asserted that the EAEU is creating a new motivation,especially for the strengthening of cooperation among member countries as wellas with partners, including Vietnam.
According to Chairman of the Council of Experts of the Eurasian Research Fund GrigoryTrofimchuk, Vietnam, a dynamic developing country and a member of manyintegration mechanisms and international organisations, is working hard tospeed up integration process.
Vietnam is the first partner to sign a free trade agreementwith the EAEU in 2015, he noted, adding that the union should focus more onpartnership with Vietnam as the country is a door to the world.
The official highlighted the dynamism of Vietnamese firms in Russia as well as othercountries in the world. However, he said that Vietnam and the EAEU have yet tooptimise each other's advantages and potential, while a number of trade barriersbetween the two sides are still existing.
He held that both sides should discuss the maintaining oftrade defence measures to increase trade in the future, adding the EAEU should showits advantage in the current period when the COVID-19 pandemic is developingcomplicatedly in the world.
Within the conference’s framework, Trofimchuk intr▨oduced hisbook entitled “Vietnam wings up”, expr✱essing his hope that the book will helpVietnam and Russia become closer together in economy, trade and humanity./.
Officials of Vietnam and the Eurasian Economic Union (EAEU) lauded the upbeat outcomes brought about by the EAEU – Vietnam free trade agreement (EAEU – Vietnam FTA) in more than one year and a half since it took effect.
The implementation of the Free Trade Agreement (FTA) between the Eurasia Economic Union (EAEU) and Vietnam over the last two years was reviewed at a workshop in Moscow, Russia on October 19.
Vietnam’s textiles enjoying preferential export tariff to the Eurasian Economic Union (EAEU) are likely to surpass the trigger level which results in the application of a safeguard measure cited in the Vietnam-EAEU Free Trade Agreement (VN-EAEU FTA), the Ministry of Industry and Trade (MoIT) has warned.
Eurasian Economic Union (EAEU) countries pledged to provide a tariff quota of 10,000 tonnes of rice from Vietnam next year under the Vietnam-EAEU Free Trade Agreement.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
An overview of the conference (Photo: VNA) 
