Hanoi (VNA) – A webinar on chancesbrought by the EU-Vietnam Free Trade Agr🎶eement (EVFTA) for Vietnamese and Frenchbusinesses 𓆏took place on July 8.
It was jointly held by the Ministry ofIndustry and Trade and France’s Ministry of Europe and Foreign Affairs. As the EVFTA is due to take effect onAugust 1, the event aimed to provide French businesses with information onVietnam’s trade and investment policies following the deal, as well as on thepotential market with a population of nearly 100 million and the gateway toASEAN. Speaking at the event, Minister of Industryand Trade Tran Tuan Anh underlined that the Vietnam-France trade and investmentties have enjoyed favourable conditions after 50 years of the diplomaticrelations and seven years of the strategic partnership, with economic ties as apillar. France is among leading partners of Vietnamas the fourth largest export market of the Southeast Asian country. The Vietnam-Francetrade and investment ties will turn over a new promising page to overcomechallenges after the EVFTA take effects, he added. He hoped to further cooperate with Frenchpartners in the fields of clean and renewable energy, high technology, agriculture,processing and manufacturing, among others. The minister pledged that Vietnam willcreate optimal conditions in terms of investment climate and infrastructure forFrench companies to capitalise on benefits brought by the EVFTA. Vietnamese firms are urgedto improve business models and management to meet requirements and trends ofthe European market. Statistics showed that two-way tradetripled to 5.3 billion USD in 2019 from roughly 1.6 billion USD 10 yearsago, making France the third largest trade partner of Vietnam in Europe, onlyafter Germany and the Netherlands. As of May 2020, France had invested in 588projects in Vietnam with a combined capital of 3.56 billion USD, ranking secondamong the European investors in Vietnam. In the first five months of this year,export-import value of the two nations slipped 18.66 percent year-on-year to 1.77billion USD due to the impact of COVID-19. Vietnam shipped products worth 1.2billion USD to France in the period./.
Minister - Chairman of the Government Office Mai Tien Dung and Chairman of the European Chamber of Commerce and Industry (EuroCham) Nicolas Audier co-chaired a dialogue with European enterprises in Vietnam on June 30.
The National Assembly has issued Resolution 102/2020/QH14 ratifying the Vietnam-EU Free Trade Agreement (EVFTA) and Resolution 103/2020/QH14 ratifying the Vietnam-EU Investment Protection Agreement (EVIPA).
Vietnam’s leather and footwear industry should improve its supply chain performance to take advantage of the milestone trade deal that the country has signed with the EU and to recover from the effects of the COVID-19 crisis, speakers said at a recent international footwear conference.
The disbursement of public investment capital should be one of the criteria to measure the performance of agencies, sectors and localities, Prime Minister Nguyen Xuan Phuc said in conclusion of the online conference between the Government and localities on July 2.
The European Chamber of Commerce in Vietnam (EuroCham) proposed the Government to apply a 50 percent registration fee reduction to all automotive assembly firms, importers and dealers of new vehicles.
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.
At the webinar (Photo: VNA) 
