Deputy Prime Minister Trinh Dinh Dung talks at the forum (Photo: VNA)
Hanoi (VNA) – A Vietnam-Ro💖mania business forum took place in Hanoi on July 12, aiming to boost bilateral conne🅷ction and partnerships.
Speaking at the forum, Deputy Prime Minister Trinh Dinh Dung said the two countries share a long-term cooperation, with Romania helping Vietnam train thousands of engineers in the sectors of gas and oil, construction, mechanics and agriculture, among others.
Bilateral trade revenue hit 150 million USD in 2014, approximately two third of which was from Vietnamese exports. The revenue increased to 170 million USD in 2015, with Vietnam exporting goods worth around 102 million USD to Romania.
These figures still fell short of cooperative potential between the sides, Dung underscored, adding that both governments should work to stimulate their affiliations as well as connections among the two countries’ agencies and business communities.
Participating in the forum, visiting Romanian Prime Minister Dacian Ciolos said his country holds strengths in oil-refining and agricultural processing and is willing to transfer technologies to and invest in Vietnam.
According to the Vietnam Chamber of Commerce and Industry (VCCI), Romania has strongly assisted Vietnam in terms of education.
Vietnamese expatriates in the country have a population of approximately 600 people, mostly involved in the garment business at the Dragon shopping centre in Bucharest.-VNA
Vietnam and Romania have issued a Joint Declaration on the occasion of Romanian Prime Minister Dacian Ciolos’s official visit to Vietnam between July 11-14.
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.
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.
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.
Deputy Prime Minister Trinh Dinh Dung talks at the forum (Photo: VNA)
