HCM City (VNA) – The Investment and Trade Promotion Forum 2016 themed “TPP Agreement:𒁃 Business support solutions," was held in Ho Chi Minh City on April 27🐲.
At the event, which was organised by the HCM City Union of Business Associations (HUBA), participants discussed solutions to help small and medium-sized enterprises enter into the markets which have free trade agreements (FTA) with Vietnam.
HUBA’s president Huynh Van Minh said Vietnam considers the private sector an important driving force of development and the country has actively taken measures to boost the equitisation of state owned enterprises (SOEs).
The Government has implemented policy to help enterprises improve competitiveness, he said, adding that ministries and relevant agencies are focusing on administrative reforms with the aim of creating favourable conditions for businesses.
According to Minh, the Government should further encourage enterprises operating in supporting industries through low interest rate loans, and development of national-level science and technology research institutes.
In accordance with the principle of the Trans-Pacific Partnership (TPP) agreement, import tariffs will be reduced to zero and Vietnamese businesses have a chance to participate in the TPP’s new supply chain, said La Thi Lan, general director of Tien Loc Co.,Ltd.
She said enterprises should boost cooperate in order to raise their competitiveness due to the fact that weak businesses will face difficulties in competition and market expansion.
Experts suggested top priority be given on products’ quality, meeting FTA’s requirements.-VNA
A conference on the impacts of the ASEAN Economic Community (AEC) and the Trans-Pacific Partnership (TPP) agreement on the enterprises and economy of the Mekong Delta was held in Can Tho on March 30
The Ho Chi Minh City People’s Committee signed a memorandum of understanding (MoU) to improve the domestic business environment and increase education on trade agreements.
The participation in the Trans-Pacific Partnership (TPP) is a driving force for Vietnam to fine-tune its legal framework and enforce laws on the environment, an official said.
With nearly half of its seafood exports going to Trans-Pacific Partnership member nations, Vietnam expects the trade deal to further boost exports to these markets.
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.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Illustrative image (Photo: VNA)
