Philippine enterprises eye cooperation opportunities in Vietnam
A delegation of 15 Philippine businesses operating in food, packing and business franchises attended a trade exchange in Ho Chi Minh City on August 18 to seek cooperation opportunities in Vietnam.
A delegation of 15 Philippine businesses operating in food, packing and business franchises attended a trade exchange in Ho Chi Minh City on August 18 with Vietnamese enterprises to seek cooperation opportunities in the country.
Deputy Director of the Ministry of Industry and Trade’s Trade Promotion Department Bui Thi Thanh An said that trade exchanges between Vietnam and the Philippines have yet to meet their full potential.
Promoting connectivity between businesses will make it easier for them to seek partners, study markets and contribute to enhancing bilateral trade cooperation, especially as the ASEAN Economic Community forms by the end of this year, she added.
According to the Foreign Investment Agency under the Ministry of Planning and Investment, there were 74 projects worth over 303 million USD invested by Philippine businesses in 16 Vietnamese localities as of June, mainly in processing and manufacturing industries.
Last year, trade reached nearly 3 billion USD, 2.3 billion USD of which came from Vietnam’s exports. Vietnam mainly sends agricultural products, seafood, food, iron and steel and component parts to the Philippines.-VNA
A forum for business cooperation between Vietnam and Canada took place on July 28 in Ho Chi Minh City, bringing together 200 businesses from both sides to discuss cooperation in economics, education, technology and the environment.
Vietnam’s embassy in Cambodia organised a business forum on July 15 to encourage Vietnamese and Cambodian enterprises to support each other for cooperation and development.
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.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
In Vung Ang economic zone (Source: VNA)
