Vietnamese Ambassador Nguyen Manh Hung at the ceremony (Source :VNA)
The Vietnam Business Association in Laos celebrated the 11 th Vietnam Entrepreneurs’ Day (October 13) with a ceremony in Vientiane on October 12.
Chairman of the association Nguyen Duc Moc said there are more than 700 Vietnamese companies in Laos with the majority of them operating in mining, hydropower production, industrial tree planting, livestock farming, financial – banking – insurance services, hospitality services, construction material production and telecommunications services.
Though the economic growth slowdown in the two countries directly affected business activities, Vietnamese enterprises in Laos surmounted difficulties to continue developing and contributing to Laos’ economic growth along with the special bilateral relations.
Moc thanked the nations’ leaders as well as the Vietnamese Embassy in Laos for their continual assistance to his association and pledged more efforts for the sake of Laos’s economy and the expansion of the Vietnamese community there.
At the function, Vietnamese Ambassador Nguyen Manh Hung appreciated the firms’ devotion to local social welfare and the expatriate community.
He hoped the association members would assist one another and abide by local laws, thus fuelling the sustainable development of the Vietnamese business community in Laos and the special ties between the two countries.-VNA
Vietnamese businesses have showed good performance in Laos, contributing to boosting the country’s economy, especially speeding up its poverty reduction process.
The Association of Vietnam Investors in Laos (AVIL) held a ceremony in Vientiane on October 10 to mark the 10 th anniversary of the Vietnam Entrepreneurs’ Day (October 13).
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.
Vietnamese Ambassador Nguyen Manh Hung at the ceremony (Source :VNA)
