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<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/2/14/405143_390587_rice.jpg" alt=""></figure></td></tr><tr><td>Rice bags being loaded for export. — VNA/VNS Photo</td></tr></tbody></table></figure>HÀ NỘI — A downward trend in Việt Nam’s rice export prices has persisted since December 2024, according to the Việt Nam Food Association.As of February 12, Vietnamese 5 per cent broken rice was priced at only US$397 per tonne, compared to $425 per tonne for Thai rice, $413 per tonne for Indian rice and $402 per tonne for Pakistani rice.For 25 per cent broken rice, Việt Nam’s export price stood at $372 per tonne, on par with Pakistan’s but $34 per tonne lower than Thailand’s and $22 per tonne lower than India’s.Since peaking at $700 per tonne in mid-August 2023, rice export prices have plummeted to their lowest level in three years. Specifically, the export price for 5 per cent broken rice has decreased by $303 per tonne, a decrease of over 43 per cent.Once a strong competitor for Thai rice and at times the world's highest-priced rice, Vietnamese rice has now fallen behind, ranking as the lowest among major rice exporting nations.Phan Mai Hương, a rice market analyst, explained that in fact, Việt Nam’s rice prices surged in 2023 and early 2024 primarily thanks to India’s export ban. However, historically, Việt Nam’s white rice was priced at around $400 per tonne, while fragrant rice has ranged from $500 to $600 per tonne.Only a few speciality brands were exported at higher prices. Thus, although the current prices have decreased sharply compared to 2023 and 2024, they are not exceptionally low given that India has resumed exports.Hương emphasised that based on the market, the global price drop was expected from late 2024 as supply levels rebounded.Phan Văn Có, Marketing Director at Vrice Co Ltd agreed that rice export prices are affected by abundant production from supplying countries, particularly India. This has intensified competition among rice exporting countries, including Việt Nam.The continuous price drop has created challenges for some exporters, particularly those who signed early sales contracts in late 2024. Some customers are now renegotiating for lower prices or postponing shipments to pressure suppliers.However, businesses had already agreed on purchasing prices with farmers. Lowering selling prices now would mean buying at a loss, leading to sluggish trade in the Mekong Delta region.Adding to the pressure, the upcoming winter-spring rice crop is about to be harvested, which is the highest output of the year.Many local farmers traditionally sell freshly harvested rice immediately, as they lack drying and storage facilities. Meanwhile, exporters without new orders struggle with limited financial capacity to stockpile rice, exacerbating market difficulties.Diversifying markets<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/2/14/405144_362215_rice%20(1).jpg" alt=""></figure></td></tr><tr><td>Vietnamese rice ready for export to China. — VNA/VNS Photo</td></tr></tbody></table></figure>Despite rice export prices hitting rock bottom, experts believe this downturn is only short-term."The sluggish rice market won’t last long, as global demand remains strong," Hương said. She noted that buyers from China and Africa have already begun exploring new contracts."Importers are well aware that Việt Nam’s winter-spring harvest is the country’s largest and the highest-quality crop of the year. As the harvest peaks, they will actively purchase rice," she added.Rice exporters also remain hopeful. Hương emphasised that low trading activity doesn’t equate to reduced demand.The Philippines and Malaysia still have a strong demand for reasonably priced rice in the mid-range quality segment, while the Middle East and Africa have increasingly favoured Vietnamese rice.By March and April, when the winter-spring harvest nears completion, importers must make purchasing decisions and prices are expected to rise gradually.Currently, rice prices are low and export orders are few, while harvest volumes are increasing and farmers want to sell immediately.To ease this strain, businesses hope banks will provide working capital support for rice procurement and temporary storage. This would prevent supply bottlenecks for farmers and help companies stockpile rice for future exports at better prices.In the long term, experts recommend that Vietnamese exporters proactively expand their market base and diversify their customer portfolios to avoid over reliance on a few major buyers.In addition, they should tap into distribution channels and niche markets with demand for premium rice segments, which, though smaller in volume, offer higher economic returns and would help strengthen the Vietnamese rice brand globally. — VNS

Việt Nam’s rice export prices have declined, reaching their lowest level in three years.

Rice export prices drop, but decline expected to be short-term

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/2/14/405199_bank.jpg" alt=""></figure></td></tr><tr><td>Customers conduct transaction at a bank branch in HCM City. Total loans outstanding at banks in the city at the end of January were up 0.04 per cent from the end of 2024 and 12.4 per cent year-on-year. — VNS Photo</td></tr></tbody></table></figure>HCM CITY — Total loans outstanding at banks in HCM City at the end of January were worth VNĐ 3.9 quadrillion (US$153.5 billion), up 0.04 per cent from the end of 2024 and 12.4 per cent year-on-year, according to the central bank.The State Bank of Việt Nam (SBV) said the rise was in contrast to the previous two years: loans outstanding had declined by 0.93 per cent in January 2024 and by 0.48 per cent in January 2023.Nguyễn Đức Lệnh, deputy director of the SBV’s HCM City office, attributed the increase to factors such as strong growth in trade, services, tourism, and export orders.Joint stock banks accounted for the largest share of credit: 56.7 per cent.Foreign banks, which accounted for 9.5 per cent of loans outstanding, recorded strong growth of 1.36 per cent month-on-month.Lệnh said the banking sector would focus on effectively implementing the bank-business connectivity programme and disbursing credit packages to small and medium-sized enterprises and export businesses and for consumption. — VNS

Total loans outstanding at banks in HCM City at the end of January were worth VNĐ 3.9 quadrillion (US$153.5 billion), up 0.04 per cent from the end of 2024 and 12.4 per cent year-on-year, according to the central bank.

Bank credit growth in HCM City marginally up in January

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/2/14/405251_5087825628105980_vna_potal_vietnam_airlines.jpg" alt=""></figure></td></tr><tr><td>A Vietnam Airlines aircraft at Nội Bài International Airport. Shares of the national flag carrier hit the maximum daily gain on Friday, supporting the market's uptrend. — VNA/VNS Photo</td></tr></tbody></table></figure>HÀ NỘI — The domestic stock market finished higher on Friday, boosted by pillar stocks, while foreign investors continued their net selling spree.On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index closed the week higher at 1,276.08 points, up 5.73 points, or 0.45 per cent. This marked its second consecutive daily gain. The index broke over 1,280 points earlier in the session.The market benchmark is currently trading between 1,275 and 1,280 points, following multiple unsuccessful attempts to breach the 1,300-point threshold. Positive business results for the fourth quarter of 2024, combined with capital inflows from macroeconomic policies, are fuelling upward momentum for the index.By the end of Q4 2024, net profits of listed companies on the three stock exchanges increased by 27.8 per cent year-over-year, marking the fifth consecutive quarter of growth.Breadth of the southern market remained in positive territory, with the number of winners surpassing that of losers by 192 to 177. Liquidity also improved, up 27.3 per cent from the previous session to VNĐ14.9 trillion (US$585 million).The VN30-Index, tracking the 30 biggest stocks in term of market capitalisation, increased 2.74 points, or 0.2 per cent, to 1,340.52 points. In the VN30 basket, 16 stocks ticked up, while eight declined and six ended flat.Data compiled by vietstock.vn showed that BIDV (BID), Vietnam Airlines JSC (HVN), Vietnam Rubber Group (GVR), FPT Corporation (FPT) and PV Gas (GAS) were top contributors to the market’s rally.In particular, BID was the biggest gainer. Shares of the lender soared by 1.63 per cent, contributing nearly 1.1 points to the VN-Index increase.It was followed by HVN as its shares hit the ceiling price, closing the week with a 7 per cent gain. Meanwhile GVR, FPT and GAS rose 1.26 to 3.06 per cent.The index pared gains due to losses recorded in some large-cap stocks, led by Vietinbank (CTG). CTG shares dropped 0.73 per cent, followed by Masan Group (MSN) and Sacombank (STB).The HNX-Index on the Hà Nội Stock Exchange (HNX) also closed higher, extending its rally streak to four days. The index was last traded at 231.22 points, up 1.7 points, or 0.74 per cent.Investors poured over VNĐ1.2 trillion on the northern bourse, equivalent to a trading volume of more than 76.3 million shares.On the other hand, foreign investors extended their withdrawals from the market after net selling nearly VNĐ177.3 billion on HoSE. However, they still net bought VNĐ2.76 billion on HNX. — VNS

The index broke over 1,280 points earlier in the session.

Market extends gains, VN-Index inches closer to 1,280 points

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/1/3/397975_5051519478691354_%E1%BA%A2nh%201.jpg" alt=""></figure></td></tr><tr><td>The support confirms SHB's support in spreading the sporting spirit and contributing to social activities. Photo courtesy of the bank</td></tr></tbody></table></figure>HÀ NỘI — Saigon-Hanoi Bank (SHB) has announced that it will charter multiple flights to Thailand, bringing fans and families of the players to cheer on the Golden Star Warriors in the highly anticipated second leg of the ASEAN Mitsubishi Electric Cup 2024 on Sunday.SHB is fully covering the travel expenses -- including airfare, accommodation, transportation and stadium tickets -- for the players' families and loyal bank customers, ensuring they are present at the Rajamangala Stadium in Thailand to support the team in this crucial final. The bank’s initiative is designed to bolster the morale of the Vietnamese squad and highlight the unbreakable bond between the team and its passionate fan base.In addition, the bank is also extending this opportunity to new bank customers who deposit a minimum of VNĐ200 million in non-term deposits or VNĐ2 billion in savings deposits with terms ranging from one to three months before noon on January 4. This invitation demonstrates SHB’s commitment to celebrating Việt Nam’s footballing spirit and national pride.The presence of domestic fans in the stands will provide the Golden Star Warriors with the encouragement and strength they need to take on their Thai counterparts with confidence and determination, all in the pursuit of victory.A representative from SHB said: “We want to bring more Vietnamese fans to the stadium to cheer on the team, reaffirming the unwavering love and pride that our people have for football. Their presence will be a great source of motivation, helping the team stay focused and strive for the championship, even in an away game against a formidable opponent.”This gesture is not just about supporting the Vietnamese team in the ASEAN Cup - it is also a reflection of SHB’s ongoing commitment to promoting the spirit of sports and contributing to social initiatives. The bank has long been a significant player in the Vietnamese sports landscape, previously pledging VNĐ2 billion in rewards for the national team’s potential victory in the 2024 ASEAN Cup. SHB also played a crucial role in securing the broadcast rights for the 2022 FIFA World Cup, partnering with National Assembly Television to air the 2023 FIFA Women's World Cup.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/1/3/397977_5051522656325151_%E1%BA%A2nh%202%20(1).jpg" alt=""></figure></td></tr><tr><td>SHB Chairman Hiển has long believed in nurturing the future of Vietnamese football, investing in local football clubs and the development of young, talented players who have gone on to make history. Photo courtesy of the bank</td></tr></tbody></table></figure>At the heart of SHB’s dedication to Vietnamese football is Chairman Đỗ Quang Hiển, a man who is not only a passionate supporter of the sport but also an active investor in its sustainable growth.Hiển has long believed in nurturing the future of Vietnamese football, investing in local football clubs and the development of young, talented players who have gone on to make history.His vision has already borne fruit. Under his leadership, players such as Quang Hải, Hùng Dũng, Đoàn Văn Hậu, Thành Chung and Duy Mạnh became pivotal figures in Việt Nam’s past triumphs, including the 2018 AFF Cup championship, the semi-finals of the 2018 Asian Games, the quarter-finals of the 2019 Asian Cup and the third round of the 2022 World Cup qualifiers. These players were also integral to Việt Nam’s two consecutive SEA Games gold medals. As a result of Hiển’s commitment, the country’s football scene has evolved from regional success to international competitiveness.Today, new stars such as Hải Long, Tuấn Hải, Bùi Hoàng Việt Anh and Văn Tùng are stepping into the limelight, ensuring continuity and progress for the national team. SHB’s investment in this next generation of players is a testament to its long-term vision for Vietnamese football. The current squad, with five key players from SHB-backed clubs, reflects this ongoing commitment. In the ASEAN Cup 2024 campaign, no other club has contributed as many players to the national team as SHB’s club, underscoring the bank’s critical role in shaping the future of Vietnamese football.Chairman Hiển’s unwavering support for Vietnamese football has been a constant throughout the team’s successes. His contributions have laid the foundation for Việt Nam’s rising reputation on the continental stage, with an eye on even greater achievements. As SHB continues to stand behind the national team and its players, the bank’s commitment to the sport and to the pride of the Vietnamese people remains steadfast, promising a bright future for the Golden Star Warriors.SHB’s involvement in the ASEAN Cup 2024 is more than just a sponsorship; it is a symbol of the deep connection between the team and its fans, a reminder of the power of sport to unite and inspire. With SHB’s support, the Vietnamese national football team can march forward with even more strength, determination and pride as they aim for the championship in Thailand. — VNS

SHB is fully covering the travel expenses -- including airfare, accommodation, transportation and stadium tickets -- for the team’s supporters and loyal bank customers, ensuring they are present at the Rajamangala Stadium in Thailand to support the team in this crucial final.

Bank charters flights to Thailand to support Vietnamese football team

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/1/3/397964_5051498821796762_tccb.jpg" alt=""></figure></td></tr><tr><td>A Techcombank branch in Tây Ninh Province. TCB shares of this bank led the decliners on Friday when the market experienced a sharp drop.</td></tr></tbody></table></figure>HÀ NỘI — The stock market experienced significant volatility on the first Friday of 2025, with the VN-Index shedding over 15 points amid improved liquidity and continued strong net selling by foreign investors.On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index closed at 1,254.59 points, marking a decline of 15.12 points, or 1.19 per cent.Market breadth leaned heavily negative, with 245 declining stocks far outnumbering 67 advancing ones. Trading value on the southern bourse increased to approximately VNĐ13.5 trillion (US$530.8 million), reflecting a 26.16 per cent rise from the previous session.The VN30-Index, which tracks the top 30 largest-cap stocks on the HoSE, also recorded a substantial drop, losing 22.62 points, or 1.68 per cent, to settle at 1,320.58 points. Within the VN30 basket, 24 stocks declined, only three advanced, and three remained unchanged.Banking blue-chip stocks were the primary drivers of the market’s decline. The Vietnam Technological and Commercial Joint Stock Bank (TCB) dropped by 3.08 per cent, erasing over 1.2 points from the VN-Index. Similarly, the Vietnam Joint Stock Commercial Bank For Industry And Trade (CTG) fell by 2.36 per cent, the Vietnam Prosperity Joint Stock Commercial Bank (VPB) declined by 2.09 per cent, and the Ho Chi Minh City Development Joint Stock Commercial Bank (HDB) saw a sharp loss of 2.59 per cent.Other notable decliners included Hòa Phát Group JSC (HPG), which dropped by 1.48 per cent, and Mobile World Investment Corporation (MWG), which slid by 3.3 per cent.Analysts from Việt Dragon Securities commented: “The market slipped below the 1,260-point threshold but managed to limit further losses, as shown by the long lower shadow of the candlestick pattern. Liquidity increased compared to the previous session, indicating heightened selling pressure, but there was also buying interest absorbing supply at lower price levels.”“The effort to stabilise around the MA(20) moving average suggests potential for a rebound in the next trading session. The market is expected to retest the 1,260–1,265-point range, where supply and demand dynamics will determine the next movement.”“Investors can anticipate a technical rebound, but caution remains essential. Opportunities for short-term gains might arise in stocks showing strong support levels or recovering from key technical zones. However, profit-taking should be considered for stocks approaching resistance levels.”On the Hà Nội Stock Exchange (HNX), the HNX-Index also posted a decline on Friday, falling by 2.03 points, or 0.89 per cent, to 225.66 points.Trading activity on the northern bourse saw over 55 million shares exchanged, with a total value of approximately VNĐ856 billion.Meanwhile, foreign investors extended their net-selling streak, offloading VNĐ733 billion worth of shares on the HoSE.While the market remains under pressure, analysts note that the support around the 1,260-point mark could set the stage for short-term technical rebounds if buying momentum returns in upcoming sessions. — VNS

Market breadth leaned heavily negative, with 245 declining stocks far outnumbering 67 advancing ones. Trading value on the southern bourse increased to approximately VNĐ13.5 trillion (US$530.8 million), reflecting a 26.16 per cent rise from the previous session.

Market ends first week of 2025 with sharp decline

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/1/3/397983_5051551335896639_qc7.jpg" alt=""></figure></td></tr><tr><td>Viettel announced the commercialisation of the 5G Open RAN broadcasting station "Make in Việt Nam, Made by Viettel", marking Viettel's pioneering role in the revolution of promoting 5G technology. Photo courtesy of Viettel</td></tr></tbody></table></figure>HÀ NỘI — Viettel on Friday reported impressive results for 2024, with consolidated revenue of VNĐ190 trillion (US$7.5 billion), achieving growth of 10.3 per cent -- the highest in the industry.Its pre-tax profit reached VNĐ51 trillion, marking an 11.3 per cent year-on-year increase. Viettel also contributed VNĐ44.3 trillion to the State budget, a 17 per cent rise from the previous year, while employees saw a 6 per cent boost in average income.The company’s growth was driven by a strong domestic telecommunications market, international expansion and innovations in high-tech sectors like cybersecurity, AI and logistics.Viettel successfully upgraded 6.5 million 2G subscribers to 4G in just 10 months, a feat that typically takes other networks three years. The company also expanded 4G coverage with over 6,000 new base transceiver stations (BTS), ensuring nationwide connectivity.For the eighth consecutive year, Viettel’s international revenue grew by double digits, up 17.3 per cent from the previous year and contributing 80 per cent of the group’s total growth. This was despite challenges like political instability and inflation. The company’s overseas market share remained strong, with Movitel leading in Mozambique and Viettel maintaining the leading position in seven foreign markets. Viettel also repatriated $467 million in cash flow and launched 5G services in Peru and Laos.In addition to its core telecom business, Viettel has made significant strides in new sectors. It now offers e-wallet services with nearly 33 million subscribers, operates delivery services in Southeast Asia and provides network security across 11 countries.Viettel continues to lead in building Việt Nam’s digital infrastructure. It operates the country’s largest data centre with 230,000 servers and has the most extensive 5G network, covering 95 per cent of provincial capitals. Viettel is set to expand with 12,000 new 5G stations in 2025. It also operates the ADC undersea cable, connecting Việt Nam to China, Japan and other parts of Southeast Asia, and plans to launch another undersea line to Singapore.In logistics, Viettel has automated systems in place and opened Việt Nam's first logistics park in the northern province of Lạng Sơn. The company is further developing a national logistics network, focusing on smart border gates, agricultural hubs and multimodal transport systems.Viettel’s information technology solutions grew 38 per cent in 2024, making up 40 per cent of total revenue. The company holds a dominant position in the public sector and continues to play a key role in national digital transformation projects. Viettel also made headlines by winning the prestigious Pwn2Own cybersecurity competition twice in a row, solidifying its leadership in the field.Viettel’s achievements in 2024 underscore its ongoing commitment to innovation, growth and national development. — VNS

Viettel also contributed VNĐ44.3 trillion to the State budget, a 17 per cent rise from the previous year, while employees saw a 6 per cent boost in average income.

Viettel reports strong growth, contributes VNĐ44.3 trillion to State budget

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2024/12/20/395423_5g.jpg" alt=""></figure></td></tr><tr><td>VinaPhone 5G is now available in all 63 cities and provinces across Vietnam. —VNA/VNS Photo</td></tr></tbody></table></figure>HÀ NỘI — Vinaphone, the mobile network operator under the Vietnam Posts and Telecommunications Group (VNPT), has launched its official 5G service offering ultra-fast speed and unparalleled experience for both individual users and businesses alike.Operating on the 3.700 – 3.800 MHz frequency band, VinaPhone 5G delivers large bandwidth and extremely low latency, making it the fastest internet service in Việt Nam. With actual commercial speeds reaching up to 1.5 Gbps, this service is 10-20 times faster than 4G.VinaPhone 5G is now available in all 63 cities and provinces across Việt Nam, with a focus on key socio-economic areas, including administrative centres, industrial zones, seaports, airports, schools, hospitals and tourist destinations. The goal is to expand coverage even further in 2025, aiming to reach 85 per cent of Việt Nam's population in the near future.Mobile users can now enjoy ultra-fast speed for a variety of high-bandwidth, low-latency services such as Cloud Gaming, E-Commerce Livestream, Virtual Reality (AR/VR/XR), 4K/8K/360 video streaming, and social media.Traditional telecommunications services like voice calls have also seen a 20 per cent improvement in call quality on the 5G network compared to 4G.Households and businesses can leverage 5G reception devices to create high-speed Wi-Fi networks in homes and offices.VinaPhone also offer customised 5G solutions for critical economic sectors such as manufacturing, healthcare, education, finance and energy, contributing to driving digital transformation, digital economy and digital society.The new service packages are priced between VNĐ199,000 (US$7.96) and VNĐ349,000 per month. — VNS

Vinaphone has launched its official 5G service offering ultra-fast speed and unparalleled experience for both individual users and businesses alike.

Another mobile operator, Vinaphone, rolls out Việt Nam's fastest 5G service

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2024/12/20/395356_vcb.jpg" alt=""></figure></td></tr><tr><td>Clients at Vietcombank bank in Hà Nội. — VNA/VNS Photo</td></tr></tbody></table></figure>HÀ NỘI — Banks with strong and loyal corporate customers, including Techcombank, Military Bank (MB) and Vietcombank, continue to lead the sector in CASA (Current Account Savings Account) ratios, according to VPBank Securities (VPBankS).CASA is a demand deposit and offers very low interest rates. Overall, the banking system’s CASA ratio reached 20.3 per cent, recovering from the bottom of 17.6 per cent recorded in the first quarter of 2023.The competition among banks to attract stable CASA sources, particularly from individual customers, has intensified. Many new products and initiatives, including the auto-earning feature, which allows accounts to automatically generate daily profits from idle money, are being introduced to entice customers.The banks are also pushing out promotions to attract new customers. Recently, Techcombank sponsored the vibrant Anh Trai Vượt Ngàn Chông Gai 2024 (Call Me By Fire) programme to boost deposits and attract younger customers.MB bank maintained a CASA ratio of 36.7 per cent, with a balanced contribution from individual and corporate clients. With a large customer base and transactions via digital channels, MB can save on input capital costs and significantly enhance business efficiency.With a large number of regular individual customers, Vietcombank, MB, Techcombank, MSB and Vietinbank will continue to leverage extensive networks, digitalisation efforts and ecosystem advantages to maintain abundant funding sources and competitive capital costs.Meanwhile, retail-focused banks like VPBank and VIB maintain CASA levels between 15 to 17 per cent.VPBankS emphasised the growing importance of CASA for the Cost of Funds (COF) in the coming years. As a result, banks are expected to invest more heavily in technology to better serve retail customers and ensure customer loyalty in using their accounts for primary transactions.Looking ahead to 2025, CASA growth is expected to depend on factors including low interest rates, an improving economy and strengthened financial health of businesses and individuals. However, the recovery process will take time, and CASA is unlikely to return to its peak levels of late 2021. — VNS

In 2024, the Current Account Savings Account ratio in Việt Nam’s banking sector rebounded from its lowest point and stabilised at around 20 per cent.

Innovative banking drives CASA recovery to 20 per cent threshold

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2024/12/20/395421_5039399884214193_tuna.jpg" alt=""></figure></td></tr><tr><td>The production line for processing frozen ocean tuna for export in Bình Định Province. — VNA/VNS Photo</td></tr></tbody></table></figure>HÀ NỘI — Việt Nam’s seafood exports are projected to surpass US$10 billion in 2025, with a growth forecast of between 10 and 15 per cent, building on an estimated 13 per cent increase in 2024 to reach that goal of $10 billion dollars.These optimistic projections were higlighted by Nguyễn Hoài Nam, Deputy General Secretary of the Việt Nam Association of Seafood Exporters and Producers (VASEP), at the forum on 'Connecting Production and Consumption of Coconut Products' in mid-December.Nam pointed to two key drivers for the seafood industry in 2024 - aquaculture and marine capture products. These successes would lay a solid foundation for the sector's breakthrough in 2025. However, the industry faces challenges, including trade barriers such as anti-subsidy investigations by the US Department of Commerce (DOC).Nam emphasised that global competition necessitates improved corporate governance and strict adherence to international market regulations. With proactive efforts from enterprises and support from local authorities and regulatory agencies, trade obstacles can gradually be overcome. This approach promises to maintain a stable supply chain, enhance product quality, and drive export growth.Yet, challenges remain. In marine capture fisheries, meeting requirements to combat illegal, unreported and unregulated (IUU) fishing requires greater transparency, but businesses face difficulties accessing vessel data.For tuna, regulations mandating a minimum catch size of 0.5 metres create difficulties for fishermen and fishing companies, necessitating revisions to sustain raw material supplies. Meanwhile, the shrimp and pangasius industries face stiff competition from Ecuador, India and Indonesia, requiring improvements in breeding and cost reductions to maintain market positions.The achievement of the $10 billion export milestone in 2024, can be attributed in part to efforts to open and strengthen connections with key markets such as the US and the EU. Shrimp remains the flagship product, projected to account for $4 billion in exports. Pangasius and tuna also reported growth, with pangasius estimated at $2 billion and tuna approaching $1 billion.Mainland China is the leading importer of Vietnamese seafood, accounting for $1.7 billion, up 19 per cent. The US followed closely, with a 21 per cent increase in November, totalling $1.67 billion for the first 11 months of 2024. — VNS

The achievement of the $10 billion export milestone in 2024 is attributed in part to efforts to open and strengthen connections with key markets such as the US and the EU.

Seafood exports expected to exceed $10 billion in 2025: expert

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2024/12/13/393839_IMG_3633.jpeg" alt=""></figure></td></tr><tr><td>Malaysian Business Chamber Vietnam participate in a discussion panel at the ASEAN Business Summit 2024. – Photo Courtesy of Malaysian Business Chamber Vietnam</td></tr></tbody></table></figure>CAMBODIA -- Việt Nam’s strategic policies, young workforce, and increasing focus on sustainability make it a prime destination for Malaysian investors, aligning closely with the vision of Malaysian business leaders, affirmed Angus Liew, president of the Malaysian Business Chamber Vietnam (MBCV)The affirmation was made at the ASEAN-Malaysian Business Chambers Summit in Cambodia, which underscored the unity and influence of Malaysian business communities across Southeast Asia, further strengthening regional economic co-operation.The summit, organised by the Malaysian Business Chamber Cambodia, highlighted the collective influence of Malaysian business chambers across ASEAN.For the first time, chambers from Việt Nam, Thailand, Laos, Myanmar, the Philippines, and Indonesia came together under the unified platform of MBCs ASEAN, emphasising the importance of collaboration in promoting cross-border trade and investment.The summit, which featured 300 participants, provided a valuable platform for networking, collaboration, and knowledge sharing with fellow Malaysians.Experts and businesses at the summit confirmed that Việt Nam continues to be a key economic force within ASEAN, showcasing remarkable resilience and opportunity.With GDP growth projected at 6.1 per cent in 2024 and foreign direct investment exceeding US$20 billion, the nation is strengthening its position as a hub for regional and global trade.The MBC Vietnam representative emphasised the importance of leveraging collective expertise to unlock new opportunities. Their efforts have been instrumental in strengthening partnerships between Malaysian businesses in Việt Nam and their ASEAN counterparts, fostering innovation and supporting Việt Nam’s growing focus on green and sustainable development.Under the guidance, MBC Vietnam has facilitated key foreign investment projects, promoted bilateral trade, and supported Việt Nam's ambitious economic transformation. The chamber’s initiatives align with Việt Nam’s evolving economic landscape, which prioritises sustainability, digital transformation, and diversified trade partnerships.Malaysia is currently Việt Nam's second-largest trading partner in ASEAN and the 11th largest trading partner global, with two-way trade increasing from over $8 billion to over $14 billion between 2014 and 2022.In the foreseeable future, the two nations hope to raise the amount to $18 billion.Malaysia is also the second-largest ASEAN investor in Việt Nam and ranks 11th among 143 nations and territories investing in the country, with a total registered capital of over $13 billion.The ASEAN-Malaysian Business Chambers Summit 2024 serves as a testament to the power of regional collaboration and the vision of leaders. MBC Vietnam’s role in driving economic development and fostering partnerships underscores its commitment to building bridges between Malaysia and Việt Nam."MBCV is committed to fostering stronger ties between Malaysian businesses in Việt Nam and our ASEAN neighbours. We look forward to continuing to contribute to the growth and development of the Malaysian business community in Việt Nam and the broader ASEAN region," Liew said. – VNS

Việt Nam’s strategic policies, young workforce, and increasing focus on sustainability make it a prime destination for Malaysian investors, aligning closely with the vision of Malaysian business leaders, affirmed Angus Liew, president of the Malaysian Business Chamber Vietnam (MBCV)

Việt Nam remains prime destination for Malaysian investors: MBCV

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2024/12/13/393805_CT%20VRA.jpg" alt=""></figure></td></tr><tr><td>Lê Thanh Hưng, chairman of the Vietnam Rubber Association, speaks at the international rubber conference in HCM City on December 12. — Photo courtesy of nongnghiep.vn</td></tr></tbody></table></figure>HCM CITY — The EU's Deforestation Regulation (EUDR) poses challenges for Việt Nam's rubber industry, but it also opens doors to new opportunities.By adhering to the regulation, the sector can achieve sustainable growth and greater market access, insiders affirmed at an international rubber conference in HCM City on Thursday.Organised by the Việt Nam Rubber Association, the conference with the theme “Rubber Industry 2025: Global Price Trends and New Opportunities with EUDR” attracted industry leaders, businesses, and local and international experts.At the conference, Lê Thanh Hưng, chairman of the Vietnam Rubber Association, noted that 2024 is a challenging year for the global economy, influenced by geopolitical instability, climate change, and the shift toward green development.The rubber industry, closely tied to sectors like automotive, construction, and consumer goods, has faced challenges due to changes in supply chains, rising inflation, and carbon emission reduction pressure, as well as shifts in consumption demand and technical standards in international markets, particularly in the EU, he said.However, these challenges also present substantial opportunities for the industry to transform, innovate, and sustainably develop.He underscored: "Despite these challenges, Việt Nam’s rubber industry has maintained its growth trajectory and adhered to its strategic goals. In 2024, the sector's total export turnover is projected to reach approximately US$10.2 billion, including $3.1 billion from natural rubber, $4.6 billion from processed rubber products, and $2.5 billion from rubberwood. These figures highlight the industry's continued prominence in the global supply chain.”He as well as other speakers at the conference mentioned the EUDR as a significant challenge faced by the sector.The EUDR mandates that rubber imported into the EU must be sourced from deforestation-free areas, with full traceability and documentation to prove compliance. Producers must also conduct due diligence to ensure that their supply chains meet these standards.Enterprises therefore must invest in production processes and improve traceability to meet these international market requirements, especially those of the EU, Hưng said.Prof. Joseph Adelegan, secretary general of the International Rubber Study Group, emphasised the importance of traceability and sustainable production, saying that Southeast Asian countries, especially Việt Nam, need to focus on improving quality and traceability to comply with the stringent requirements of the EU. Meeting these standards will help the country’s rubber industry achieve sustainable development.He highlighted that Thailand, the world's largest producer of natural rubber, has long prepared for EUDR compliance, allowing it to export high-value products to major EU markets. Việt Nam has favourable conditions comparable to Thailand and has seen promising developments.Compliance with EUDR regulations imposes challenges such as high production costs, and limited technical capacity in developing regions, but compliant producers will have opportunities to “gain market access to the EU for deforestation-free products, premium pricing for sustainably sourced rubber, and long-term competitiveness through enhanced supply chain transparency,” he pointed out.Võ Hoàng An, the association’s general secretary, said rubber exports to the EU were worth $587.6 million in the first ten months of the year, accounting for 6 per cent of the sector’s total export revenue.While not Việt Nam’s leading export market, the EU is an attractive market for Vietnamese enterprises given the market’s high purchasing power and advantages brought from the EU-Việt Nam Free Trade Agreement, he said.“Therefore, evaluating opportunities and challenges related to EUDR is vital for building effective adaptation strategies,” he said.He highlighted that the regulation has raised substantial concerns within Việt Nam’s rubber industry. In response, relevant ministries, the association, and businesses have initiated preparatory activities to meet the new requirements.At the conference, representatives of the Vietnam Rubber Group and Đồng Nai Rubber Corporation spoke about their efforts to comply with the EUDR. — VNS

https://vietnamnews.vn/economy/1688955/compliance-with-eudr-offers-long-term-benefits-to-rubber-industry.html

Compliance with EUDR offers long-term benefits to rubber industry

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2024/12/13/393956_5033598474472474_trade-9925.jpg" alt=""></figure></td></tr><tr><td>An overview of trade cooperation talks between the northern mountainous province of Cao Bang and Baise city of China’s Guangxi. — VNA/VNS Photo</td></tr></tbody></table></figure>CAO BẰNG — An economic and trade cooperation talks between the northern mountainous province of Cao Bằng and Baise city of China’s Guangxi took place in Cao Bằng city on December 13.Vice Chairwoman of the provincial People's Committee Nguyễn Thị Bích Ngọc said in the coming time, Cao Bằng will actively collaborate with Baise city to boost trade promotion and export-import activities via holding international trade fairs, exhibitions, and business networking events. It will also build border gate infrastructure, improve customs clearance services, and encourage firms from Cao Bằng and Baise to join trade fairs hosted by them.She highlighted the need to diversify the range of goods exchanged through the border gates, with a particular focus on expanding the list of fruits allowed into the Chinese market. This move aims to ensure that agricultural products flow efficiently and flexibly to China, thereby preventing congestion at border checkpoints.Both sides reached a consensus on accelerating the opening and upgrade of border gates and enhancing transportation connectivity. Key projects include the opening of the Po Peo (Vietnam) - Yuewei (China) border gate pair and exploring the construction of a smart border gate between Tra Linh (Vietnam) and Longbang (China). Additionally, procedures will be finalised for a dedicated goods transport route at the Soc Giang (Vietnam) - Pingmeng (China) border gate.Vice Mayor of Baise city Li Jianhua suggested that both sides continue streamlining the flow of goods to reduce congestion at border gate pairs, promoting exchanges and cooperation, particularly in economic and commercial activities, while accelerating the construction of smart border gates to improve customs clearance efficiency. She also urged the swift reopening of border gate pairs that were closed due to the COVID-19 pandemic.The talks reaffirmed the achievements in cooperation between Cao Bang and Baise city across various fields, with a particular focus on recommending upgrade for the Tra Linh (Vietnam) - Longbang (China) border gate pair to international status, including the Na Doong (Vietnam) - Na Ray (China) customs clearance route.In a related event, the 2024 Cao Bang - Baise International Trade Fair, themed “Promoting comprehensive cooperation, sustainable development”, kicked off just a day earlier, as part of a trade promotion programme between Cao Bang and Guangxi.Ngọc revealed that the total export-import turnover through Cao Bang's border gates is estimated at US$900 million this year, up 21.9% from 2023.With its advantageous geographical location, convenient border gate system, and improving transportation infrastructure, Cao Bang is poised to further solidify its position as a key overland gateway connecting Việt Nam and ASEAN countries with the Chinese market, she said.Vice Mayor Li noted that the fair serves as a platform for both localities to boost trade in various sectors, including agricultural processing, household appliances, mechanical equipment and electronics.The event will run until December 17, featuring nearly 200 domestic and foreign enterprises and 350 booths. — VNS

An economic and trade cooperation talks between the northern mountainous province of Cao Bang and Baise city of China’s Guangxi took place in Cao Bang city on December 13. ​

Cao Bằng, China’s Baise city forge stronger economic ties

Nhiệt liệt chào mừng Quốc vương và Đoàn đại biểu cấp cao Vương quốc Campuchia thăm cấp Nhà nước tới Việt Nam, <a href="https://congthuong.vn/chu-de/chu-tich-nuoc-luong-cuong.topic">Chủ tịch nước Lương Cường</a> vui mừng nhận thấy, thời gian qua, quan hệ hữu nghị và hợp tác toàn diện giữa hai nước không ngừng được củng cố và phát triển mạnh mẽ.Chủ tịch nước nhấn mạnh, các hoạt động trao đổi đoàn, tiếp xúc các cấp giữa hai nước diễn ra thường xuyên; hợp tác quốc phòng, an ninh được đẩy mạnh; kinh tế, thương mại và đầu tư được tăng cường; giáo dục-đào tạo, văn hóa, y tế, giao lưu nhân dân... ngày càng phong phú và thiết thực.<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://cdn.congthuong.vn/stores/news_dataimages/2024/112024/28/20/luong-cuong20241128200813.webp?rt=202411300902" alt="Chủ tịch nước Lương Cường phát biểu chào mừng"></figure></td></tr><tr><td>Chủ tịch nước Lương Cường phát biểu chào mừng. Ảnh: Lâm Khánh/TTXVN</td></tr></tbody></table></figure>Chủ tịch nước khẳng định, chuyến thăm Việt Nam lần này của Quốc vương Norodom Sihamoni sẽ là nguồn động viên to lớn cho sự phát triển của quan hệ hai nước; củng cố hơn nữa quan hệ láng giềng tốt đẹp giữa Việt Nam và <a href="https://congthuong.vn/chu-de/campuchia.topic">Campuchia</a>; vì lợi ích của hai dân tộc và hạnh phúc của nhân dân hai nước.Chủ tịch nước chúc Quốc vương mạnh khỏe, tiếp tục dẫn dắt nhân dân Campuchia giành nhiều thành tựu to lớn hơn nữa trong sự nghiệp xây dựng và phát triển đất nước; tin tưởng tình đoàn kết Việt Nam-Campuchia mãi mãi là “Láng giềng tốt đẹp, hữu nghị truyền thống, hợp tác toàn diện, bền vững lâu dài”.<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://cdn.congthuong.vn/stores/news_dataimages/2024/112024/28/20/chu-tich-nuoc20241128200811.webp?rt=202411300902" alt="Chủ tịch nước Lương Cường và Quốc vương Campuchia Norodom Sihamoni dự tiệc chiêu đãi"></figure>&nbsp;</td></tr><tr><td>Chủ tịch nước Lương Cường và Quốc vương Campuchia Norodom Sihamoni dự tiệc chiêu đãi. Ảnh: Lâm Khánh/TTXVN</td></tr></tbody></table></figure>Phát biểu đáp từ tại chiêu đãi, Quốc vương Norodom Sihamoni bày tỏ lòng biết ơn và sự quý mến sâu sắc tới Chủ tịch nước Lương Cường và nhân dân Việt Nam đã dành cho cá nhân Quốc vương và đoàn đại biểu Campuchia về sự đón tiếp hết sức trọng thị.Quốc vương nhấn mạnh chuyến thăm lần này là sự tiếp nối chặng đường lịch sử mà cố Thái Thượng Hoàng Norodom Sihanouk đã cùng các lãnh đạo cấp cao đặt nền móng, là cầu nối củng cố, mở rộng tình hữu nghị và hợp tác giữa hai nước láng giềng anh em.<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://cdn.congthuong.vn/stores/news_dataimages/2024/112024/28/20/quoc-vuong20241128200814.webp?rt=202411300902" alt="Quốc vương Campuchia Norodom Sihamoni phát biểu"></figure></td></tr><tr><td>Quốc vương Campuchia Norodom Sihamoni phát biểu. Ảnh: Lâm Khánh/TTXVN</td></tr></tbody></table></figure>Quốc vương Norodom Sihamoni cho rằng việc hai bên thường xuyên trao đổi các chuyến thăm cấp cao đã góp phần củng cố và mở rộng tình hữu nghị, đoàn kết giữa hai nước, cũng như để gia tăng hợp tác song phương trên mọi lĩnh vực vì lợi ích chung của nhân dân hai nước.Thay mặt nhân dân Campuchia, Quốc vương bày tỏ sự khâm phục trước những thành công to lớn mà Việt Nam đã đạt được trong những năm qua, qua đó đưa đất nước phát triển mạnh mẽ trên mọi lĩnh vực.Quốc vương Norodom Sihamoni khẳng định Chính phủ và nhân dân Việt Nam là người bạn tốt, luôn kề vai sát cánh cùng Chính phủ và nhân dân Campuchia để Vương quốc Campuchia có thể đạt nhiều thành tựu trên mọi lĩnh vực.Thanh Bình&nbsp;

Tối 28/11, Chủ tịch nước Lương Cường đã chủ trì chiêu đãi trọng thể Quốc vương Campuchia Norodom Sihamoni đang có chuyến thăm cấp Nhà nước tới Việt Nam.

Chủ tịch nước Lương Cường chủ trì chiêu đãi trọng thể Quốc vương Campuchia Norodom Sihamoni

Chiều 28/11, tại Nhà Quốc hội, <a href="https://congthuong.vn/chu-de/chu-tich-quoc-hoi.topic">Chủ tịch Quốc hội</a> Trần Thanh Mẫn đã hội kiến Quốc vương Campuchia Preah Bat Samdech Preah Boromneat Norodom Sihamoni đang có chuyến thăm cấp Nhà nước tới Việt Nam theo lời mời của Chủ tịch nước Lương Cường.<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://cdn.congthuong.vn/stores/news_dataimages/2024/112024/28/20/quoc-hoi20241128200955.webp?rt=202411300859" alt=" Chủ tịch Quốc hội Trần Thanh Mẫn và Quốc vương Campuchia Norodom Sihamoni"></figure></td></tr><tr><td>Chủ tịch Quốc hội Trần Thanh Mẫn và Quốc vương Campuchia Norodom Sihamoni. Ảnh: QH</td></tr></tbody></table></figure>Thay mặt Quốc hội và nhân dân Việt Nam, Chủ tịch Quốc hội Trần Thanh Mẫn bày tỏ vui mừng gặp lại Quốc Vương Campuchia Norodom Sihamoni; chào mừng Quốc vương và đoàn đại biểu cấp cao <a href="https://congthuong.vn/chu-de/campuchia.topic">Campuchia</a> thăm cấp nhà nước tới Việt Nam.Chủ tịch Quốc hội Trần Thanh Mẫn chúc mừng Quốc vương đã có cuộc hội kiến với Tổng Bí thư Tô Lâm, hội kiến với Chủ tịch nước Lương Cường, hội kiến với Thủ tướng Chính phủ Phạm Minh Chính; nhấn mạnh, chuyến thăm lần này mang tình cảm hữu nghị ấm áp của Đảng, nhà nước, nhân dân Campuchia với Đảng, nhà nước và nhân dân Việt Nam, làm sâu sắc mối quan hệ "láng giềng tốt đẹp, hữu nghị truyền thống, hợp tác toàn diện, bền vững lâu dài" giữa hai nước và sẽ đóng góp tích cực vào việc củng cố quan hệ hai nước.Chủ tịch Quốc hội Trần Thanh Mẫn chúc mừng Campuchia đã tổ chức thành công Hội nghị quốc tế các chính đảng Châu Á lần thứ 12 (ICAPP 12), Phiên họp toàn thể Nghị viện quốc tế vì Bao dung và Hòa bình lần thứ 11 (IPTP 11); cảm ơn Quốc vương, các nhà lãnh đạo và nhân dân Campuchia đón tiếp đoàn công tác của Chủ tịch Quốc hội nhân chuyến thăm chính thức Campuchia và tham dự 2 Hội nghị hết sức trọng thị và thân tình.Quốc vương Campuchia Norodom Sihamoni cảm ơn Chủ tịch Quốc hội Trần Thanh Mẫn đã dành thời gian, tình cảm ấm áp, đặc biệt đón tiếp đoàn khi đến thăm đất nước Việt Nam tươi đẹp; cho biết, cá nhân Quốc vương và nhân dân Campuchia luôn ghi nhớ chuyến thăm của Chủ tịch Quốc hội; nhấn mạnh chuyến thăm đã góp phần tích cực vào việc củng cố mối quan hệ lâu đời của hai dân tộc và mở ra cơ hội hợp tác mới trong tất cả các lĩnh vực.Nhân dịp này, Quốc vương Campuchia Norodom Sihamoni trân trọng gửi lời chúc của Hoàng Thái Hậu Norodom Monineath Sihanouk, Chủ tịch Thượng viện Campuchia Samdech Hun Sen; Chủ tịch Quốc hội Campuchia Samdech Khuon Sudary; Thủ tướng Chính phủ Hoàng gia Campuchia Samdech Hun Manet tới lãnh đạo Đảng, Nhà nước và nhân dân Việt Nam.Quốc vương Campuchia Norodom Sihamoni khẳng định, chuyến thăm cấp Nhà nước tới Việt Nam là một chuyến thăm lịch sử, nhằm củng cố mối quan hệ song phương, truyền thống ngày càng vững mạnh hơn, giữ được sự ổn định và đoàn kết lâu dài giữa hai nước.Quốc vương Campuchia Norodom Sihamoni cho rằng, từ quá khứ cho đến hiện tại, nhân dân hai nước luôn hợp tác vì lợi ích chung của hai dân tộc, hai bên đã cùng góp phần cho hòa bình, ổn định và cùng nhau phát triển trong khu vực.Nhân dịp này, Quốc vương Campuchia Norodom Sihamoni cảm ơn Việt Nam luôn dành sự ủng hộ to lớn đối với Campuchia trong mọi giai đoạn, giúp Quốc vương Campuchia trong công cuộc xây dựng và bảo vệ đất nước; trong đó có việc đào tạo nguồn nhân lực, cũng như tất cả các lĩnh vực khác để Campuchia có đầy đủ năng lực phát triển kinh tế - xã hội của đất nước mình.Quốc vương Campuchia Norodom Sihamoni đánh giá cao những thành tựu to lớn mà đất nước, nhân dân Việt Nam đã đạt được dưới sự lãnh đạo hết sức đúng đắn và sáng suốt của Đảng Cộng sản.Quỳnh Nga&nbsp;

Chiều 28/11, tại Nhà Quốc hội, Chủ tịch Quốc hội Trần Thanh Mẫn đã hội kiến Quốc vương Campuchia đang có chuyến thăm cấp Nhà nước tới Việt Nam.

Chủ tịch Quốc hội Trần Thanh Mẫn hội kiến Quốc vương Campuchia Norodom Sihamoni

Tối 28/11, Bộ Văn hóa, Thể thao và Du lịch phối hợp với Đại sứ quán Cộng hòa Cuba tại Việt Nam tổ chức chương trình nghệ thuật biểu diễn của Đoàn nghệ sỹ Nhà hát Ballet Quốc gia Cuba tại Nhà hát Hồ Gươm nhân kỷ niệm 60 năm buổi biểu diễn đầu tiên của đoàn tại Việt Nam vào tháng 12/1964. Đây cũng là sự kiện mở đầu cho chuỗi sự kiện hướng đến kỷ niệm 65 năm thiết lập quan hệ ngoại giao Việt Nam - Cuba (2/12/1960-2/12/2025).<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://cdn.congthuong.vn/stores/news_dataimages/2024/112024/29/10/in_article/bale-1-120241129100435.webp?rt=202411300904" alt="Tổng Bí thư Tô Lâm dự chương trình biểu diễn của Đoàn Nhà hát Ballet Quốc gia Cuba"></figure></td></tr><tr><td>Tổng Bí thư Tô Lâm và Phu nhân Ngô Phương Ly dự chương trình biểu diễn</td></tr></tbody></table></figure><a href="https://congthuong.vn/chu-de/tong-bi-thu-to-lam.topic">Tổng Bí thư Tô Lâm</a> và Phu nhân Ngô Phương Ly tới dự. Cùng dự có Thứ trưởng Bộ Văn hóa, Thể thao và Du lịch Trịnh Thị Thủy, Đại sứ chỉ định Cộng hòa Cuba tại Việt Nam Rogelio Polanco Fuentes.Phát biểu khai mạc buổi biểu diễn, Đại sứ chỉ định Cộng hòa Cuba tại Việt Nam Rogelio Polanco Fuentes chào mừng Tổng Bí thư Tô Lâm và Phu nhân Ngô Phương Ly, đại diện các bộ, ban, ngành Việt Nam tới dự khán buổi biểu diễn.“Đây là nguồn động viên to lớn và thể hiện sự quan tâm sâu sắc cũng như ưu tiên cao của Đảng và Nhà nước Việt Nam đối với sự phát triển văn hóa, một phần không thể thiếu trong sự thịnh vượng và đời sống tinh thần của người dân. Điều này cũng thể hiện sự sâu sắc và sự đa dạng trong mối quan hệ đặc biệt giữa Việt Nam và Cuba”, ông Rogelio Polanco Fuentes nói.Giới thiệu về Nhà hát Ballet Quốc gia Cuba, Đại sứ Rogelio Polanco Fuentes cho biết, Nhà hát là một di sản văn hóa quốc gia của Cuba, được thành lập cách đây 76 năm.<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://cdn.congthuong.vn/stores/news_dataimages/2024/112024/29/09/z6079232444886-de5bff676ed4ea6602dae9cb5f7d2f9120241129092522.4700390.jpg" alt="Tổng Bí thư Tô Lâm dự chương trình biểu diễn của Đoàn Nhà hát Ballet Quốc gia Cuba"></figure></td></tr><tr><td>Thứ trưởng Bộ Văn hóa, Thể thao và Du lịch Trịnh Thị Thủy và Đại sứ chỉ định Cộng hòa Cuba tại Việt Nam Rogelio Polanco Fuentes tặng hoa Đoàn nghệ sỹ Nhà hát Ballet Quốc gia Cuba</td></tr></tbody></table></figure>Lãnh tụ Cuba Fidel Castro Ruz khẳng định Nhà hát “là minh chứng kỳ diệu về tài năng và ý chí của những người sáng lập: Alicia Alonso, Fernando Alonso và Alberto Alonso, những người đã tạo ra một phong trào múa đích thực ở Cuba, mang cảm hứng đến từ quần chúng và có tầm ảnh hưởng toàn cầu.”Và cách đây 60 năm, vào tháng 12/1964, các thành viên của đoàn nghệ thuật ballet quốc gia Cuba, do Alicia Alonso, Giám đốc Nhà hát và cũng là người sáng lập trường phái ballet Cuba dẫn đầu, đã được Chủ tịch Hồ Chí Minh tiếp đón. Người đã bày tỏ sự tin tưởng chắc chắn rằng một ngày nào đó họ sẽ được biểu diễn ở một đất nước Việt Nam độc lập và thống nhất. Điều đó cuối cùng đã trở thành hiện thực trong các buổi biểu diễn tiếp theo của đoàn vào các năm 1978 và 2016.<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://cdn.congthuong.vn/stores/news_dataimages/2024/112024/29/09/z6079231047357-9416c2822c9bec93599b2c4a3fbd984220241129092524.4579960.jpg" alt="Tổng Bí thư Tô Lâm dự chương trình biểu diễn của Đoàn Nhà hát Ballet Quốc gia Cuba"></figure></td></tr><tr><td>Tiết mục biểu diễn của nghệ sĩ Việt Nam</td></tr></tbody></table></figure>Phát biểu tại buổi biểu diễn, Thứ trưởng Bộ Văn hóa, Thể thao và Du lịch Trịnh Thị Thủy cho biết: Chương trình biểu diễn nghệ thuật đặc sắc của Đoàn nghệ sỹ Nhà hát Ballet Quốc gia Cuba tiếp tục khẳng định hợp tác văn hóa là một trong những trụ cột quan trọng đối với tình hữu nghị, vượt khoảng cách địa lý giữa hai nước <a href="https://congthuong.vn/chu-de/viet-nam-cuba.topic">Việt Nam - Cuba</a>; đồng thời thể hiện tinh thần đoàn kết của hai dân tộc - nơi ngôn ngữ nghệ thuật là cầu nối văn hóa gắn kết trái tim của nhân dân Việt Nam và Cuba thêm gần gũi và bền chặt hơn.Tại buổi biểu diễn, các nghệ sĩ Việt Nam tham gia trình diễn cùng các vũ công Cuba các tiết mục: Sylphides, Tarantella, Kẹp hạt dẻ, Carmen, Những dòng nước mùa xuân, Muto, Loss, Don Quixote, Hồ thiên nga, Esmeralda, Majisimo. Đây là các trích đoạn ballet kinh điển của nghệ thuật ballet Cuba và thế giới. Với kỹ thuật điêu luyện của mình, các nghệ sĩ đã thể hiện giá trị của nền văn hóa và lịch sử chung kết nối hai đất nước Việt Nam - Cuba.Một số tiết mục biểu diễn của các nghệ sĩ Cuba trong chương trình:<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://cdn.congthuong.vn/stores/news_dataimages/2024/112024/29/09/z6079231044460-073a31cf1f28873d8f6f1b7e0a33e22e20241129092525.0177940.jpg" alt="Tổng Bí thư Tô Lâm dự chương trình biểu diễn của Đoàn Nhà hát Ballet Quốc gia Cuba"></figure></td></tr></tbody></table></figure><figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://cdn.congthuong.vn/stores/news_dataimages/2024/112024/29/09/z6079231038262-be6cde11ad05edf068fd1779bb70933b20241129092525.3118220.jpg" alt="Tổng Bí thư Tô Lâm dự chương trình biểu diễn của Đoàn Nhà hát Ballet Quốc gia Cuba"></figure></td></tr></tbody></table></figure><figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://cdn.congthuong.vn/stores/news_dataimages/2024/112024/29/09/z6079231038807-8013aa411b4631fab9594c33ce9c60da20241129092525.5529500.jpg" alt="Tổng Bí thư Tô Lâm dự chương trình biểu diễn của Đoàn Nhà hát Ballet Quốc gia Cuba"></figure></td></tr></tbody></table></figure><figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://cdn.congthuong.vn/stores/news_dataimages/2024/112024/29/09/z6079231038932-966391a95e115c108b01205c1143b3af20241129092526.0077140.jpg" alt="Tổng Bí thư Tô Lâm dự chương trình biểu diễn của Đoàn Nhà hát Ballet Quốc gia Cuba"></figure></td></tr></tbody></table></figure><figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://cdn.congthuong.vn/stores/news_dataimages/2024/112024/29/09/z6079231041772-02f24fb8e449c251f53ec6034efad03d20241129092526.3861970.jpg" alt="Tổng Bí thư Tô Lâm dự chương trình biểu diễn của Đoàn Nhà hát Ballet Quốc gia Cuba"></figure></td></tr></tbody></table></figure>Theo dangcongsan.vn&nbsp;

Tổng Bí thư Tô Lâm và Phu nhân Ngô Phương Ly đã tới dự chương trình biểu diễn của Đoàn nghệ sỹ Nhà hát Ballet Quốc gia Cuba tại Nhà hát Hồ Gươm (Hà Nội).

Tổng Bí thư Tô Lâm dự chương trình biểu diễn của Đoàn Nhà hát Ballet Quốc gia Cuba

<table align="center"><tbody><tr><td style="text-align:justify;"><img alt="" src="https://image.vietnamnews.vn/uploadvnnews/Article/2024/11/1/384839_vna_potal_thu_tuong_pham_minh_chinh_tham_khu_cong_nghiep_ras_laffan_qatar_161705385_7682715.jpeg"/></td></tr><tr><td style="text-align:justify;">Prime Minister Phạm Minh Chính and his wife on Friday visit Qatar Energy-invested Ras Laffan industrial city, Qatar. — VNA/VNS Photo Dương Giang</td></tr></tbody></table>DOHA — Vietnamese Prime Minister Phạm Minh Chính on Friday visited Qatar Energy-invested Ras Laffan industrial city, 80km to the northeast of Doha before wrapping up his official visit to the Middle Eastern country.The industrial complex houses major oil refineries and gas processing facilities, including ORYX GTL, Pearl GTL, and Dolphin. With its enclosed artificial bay spanning 4,500 hectares of water surface, Ras Laffan serves as Qatar's primary liquefied gas production hub and the world's largest LNG export facility.Established in 1996, it initially focused on storing and processing natural gas from the North Field. Over time, growing demand has transformed Ras Laffan into a massive industrial zone, with expanding LNG production facilities.Currently, there are 13 major corporations and companies in the gas sector operating within the complex. Along with industrial facilities, Ras Laffan features Qatar’s top-quality infrastructure facilities such as the Ras Laffan emergency and safety training centre, the Erhama bin Jaber Al Jalahma shipyard, and the Ras Laffan hospital.PM Chính praised Qatar’s innovative thinking, strategic vision and expertise in developing the artificial bay and the specialised industrial complex.As Việt Nam, which boasts a 3,000-kilometre coastline, is developing major seaports and sea encroachment areas, PM Chính proposed Qatar and Qatar Energy in particular cooperate with, invest in and help the country with financial assistance, technology transfer, human resources training, and management expertise in developing similar industrial parks and sea encroachment areas.This was the last activity of the Government leader during his tour to the Middle East for an official visit to the United Arab Emirates (UAE); attendance at the 8th Edition of the Future Investment Initiative and working trip to Saudi Arabia; and official visit to Qatar.PM Chính, his spouse and the high-level delegation of Việt Nam left Doha to return home at noon on the same day. — VNS<table><tbody><tr><td style="text-align:justify;"><img alt="" src="https://image.vietnamnews.vn/uploadvnnews/Article/2024/11/1/384850_4997162728775178_wrap.jpg"/></td></tr><tr><td style="text-align:justify;">Prime Minister Phạm Minh Chính and his wife leave Doha, Qatar on November 1, wrapping up their official visit to the Middle Eastern country. — VNA/VNS Photo Dương Giang</td></tr></tbody></table>

PM Chính praised Qatar’s innovative thinking, strategic vision and expertise in developing the artificial bay and the specialised industrial complex.

Vietnamese PM visits Ras Laffan industrial city, concludes Qatar trip

<table><tbody><tr><td style="text-align:justify;"><img alt="" src="https://image.vietnamnews.vn/uploadvnnews/Article/2024/11/1/384845_vna_potal_thu_tuong_pham_minh_chinh_hoi_dam_voi_thu_tuong_nha_nuoc_qatar__7680693.jpg"/></td></tr><tr><td style="text-align:justify;">Prime Minister Phạm Minh Chính holds talks with his Qatari counterpart Mohammed bin Abdulrahman bin Jassim Al Thani during his official visit to Qatar from October 30 to November 01, 2024 — VNA/VNS Photo</td></tr></tbody></table>DOHA — Việt Nam and Qatar have issued a joint communiqué on the occasion of Vietnamese Prime Minister Phạm Minh Chính’s official visit to the Middle Eastern country from October 30 to November 1 at the invitation of his Qatari counterpart Mohammed bin Abdulrahman bin Jassim Al Thani.The following is the full text of the joint communiqué:JOINT COMMUNIQUÉ BETWEEN THE SOCIALIST REPUBLIC OF VIỆT NAM AND THE STATE OF QATAR1. At the invitation of His Excellency Mohammed bin Abdulrahman bin Jassim Al Thani, Prime Minister and Minister of Foreign Affairs of the State of Qatar, His Excellency Phạm Minh Chính, Prime Minister of the Socialist Republic of Việt Nam, paid an official visit to Qatar from October 30 to November 01, 2024, marking the first official visit by a Prime Minister of Việt Nam to Qatar in 15 years.2. With sincerity, mutual trust and understanding, His Excellency Prime Minister Phạm Minh Chính paid a courtesy call on the Emir of Qatar, His Highness Sheikh Tamim bin Hamad Al Thani, held an official talk with Prime Minister and Minister of Foreign Affairs, His Excellency Mohammed bin Abdulrahman bin Jassim Al Thani and called on Speaker of the Shura Council, His Excellency Hassan bin Abdulla Al-Ghanim, and met with the Minister of Communications and Information Technology; the Minister of Labour; the Minister of State for Energy Affairs; Chairman of Qatar Investment Authority (QIA); and Chairman of Qatar Businessmen Association (QBA).3. The two sides noted with satisfaction the achievements of their 30-year bilateral relationship that has been flourishing and expanding across multiple fields. The two sides pledged to promoting the exchange of delegations and contacts at all levels and through various channels, and strengthen people-to-people ties, to further advance the excellent cooperation between Việt Nam and Qatar.4. With a shared vision to further deepen the political trust and elevate Việt Nam - Qatar relationships to a more profound and advanced level, the two sides agreed to work towards upgrading bilateral relations to a more involved, concrete and effective Partnership.5. The two sides consider negotiating bilateral agreements on the areas of, among others, visa exemption, labour, economic and trade to expand their market access. The two sides emphasized the importance of economic, trade, and investment cooperation and recognized the significant potential for collaboration in other sectors such as energy, oil and gas, especially liquefied natural gas (LNG), agriculture, Halal industry, banking, etc. The two sides agreed to strengthen trade and investment activities, with an aim to attract more investment from Qatari funds to strategic investment projects in Việt Nam enhance business connections, and support investors from both sides;6. Both sides pledged to enhance defense and security cooperation and maintain an environment of cooperation and peace in the two regions and the world.7. The two sides recognised the importance of promoting education and training, tourism, and cultural and sports exchange to strengthen people-to-people connections and deepen mutual understanding. Both sides agreed to increase scholarships for each other’s students. In addition, both sides agreed to explore cooperation opportunities in emerging sectors, such as semiconductors, artificial intelligence, cloud computing, clean energy, solar energy, digital transformation, innovative governance, green and circular economy, among others.8. During the visit, the two sides signed a number of bilateral agreements and MOUs to enhance cooperation namely: i) Protocol between the Government of the Socialist Republic of Việt Nam and the Government of the State of Qatar amending the Agreement between the Government of the Socialist Republic of Việt Nam and the Government of the State of Qatar for Air Services signed on 08 March 2009; ii) Memorandum of understanding on cooperation in the field of sports between the Government of the Socialist Republic of Việt Nam and the Government of the State of Qatar; iii) Memorandum of understanding on cooperation in the legal field between the Ministry of Justice of the Socialist Republic of Việt Nam and the Ministry of Justice of the State of Qatar; iv) Memorandum of understanding on cooperation in the field of diplomatic training and education between the Diplomatic Academy of Việt Nam of the Ministry of Foreign Affairs of the Socialist Republic of Việt Nam and the Diplomatic Institute of the Ministry of Foreign Affairs of the State of Qatar; v) Memorandum of understanding between State Capital Investment Corporation and Qatar Investment Authority LLC concerning investment cooperation.9. The two sides exchanged views on international and regional issues of mutual interest and underscored the importance of upholding international law and the United Nations Charter, advocating the resolution of disputes by diplomatic means to maintain peace, stability, and security and promote development at regional and global levels.10. Both sides expressed confidence in the promising future of Việt Nam - Qatar relationships and committed to working closely together to implement the outcomes of high-level visits. Prime Minister Phạm Minh Chính expressed his heartfelt appreciation for the warm hospitality accorded to him and his delegation. Vietnamese Prime Minister conveyed the invitations from His Excellency Tô Lâm, Secretary-General of the Communist Party of Viet Nam and His Excellency Lương Cường, President of the Socialist Republic of Việt Nam to His Highness Sheikh Tamim bin Hamad Al Thani, Emir of Qatar and from His Excellency Trần Thanh Mẫn, President of the National Assembly of Viet NamViệt Nam to the His Excellency Hassan bin Abdulla Al-Ghanim, Speaker of the Shura Council and invited His Excellency Mohammed bin Abdulrahman bin Jassim Al Thani, Prime Minister and Minister of Foreign Affairs of Qatar to visit Việt Nam at mutually convenient dates. The invitation has been well received by Qatari leaders.Doha, November 1st, 2024. — VNS

Việt Nam and Qatar have issued a joint communiqué after Prime Minister Phạm Minh Chính’s official visit to Qatar from October 30 to November 01, 2024.

Việt Nam, Qatar issue joint communiqué

<table align="center"><tbody><tr><td style="text-align:justify;"><img alt="" src="https://image.vietnamnews.vn/uploadvnnews/Article/2024/11/1/384810_4997057298031842_vep.jpg"/></td></tr><tr><td style="text-align:justify;">Ramla Khalidi, United Nations Development Programme (UNDP) and Trần Thị Hồng Minh, President of the Central Institute for Economic Management. — VNS Photo Nhật Hồng</td></tr></tbody></table>HÀ NỘI — Việt Nam continues to demonstrate resilience amid the current geopolitical uncertainties and the pressing impacts of climate change, but concerns remain as the country moves forward, according to Ramla Khalidi, United Nations Development Programme (UNDP) in Việt Nam.She made the remarks at the fourth Việt Nam Economic Pulse (VEP) held in Hà Nội on November 1, which gathered leaders and experts from across government, business and academia to discuss Việt Nam’s evolving policy landscape amid global economic uncertainties, rapid technological change and the intensifying impacts of climate change.Jointly organised by the Central Institute for Economic Management (CIEM - under the Ministry of Planning and Investment) and the United Nations Development Programme (UNDP), the event has become a collaborative annual forum for exploring policy directions resonating with emerging trends in technology and environmental sustainability.The UN official said: “While there is optimism around Việt Nam’s economy, there are also remaining cautions. The experience of successful case studies in Asia suggests that Việt Nam has yet to achieve the focused policy results needed to sustain high rates of economic growth.“Efforts to improve Việt Nam’s economic performance and transformations in the global economy must meet the increasingly stringent environmental requirements.”Addressing the event, CIEM President Trần Thị Hồng Minh said: “Today’s forum underscores our commitment to fostering a resilient, sustainable and inclusive economic pathway for Việt Nam.“As we navigate an increasingly complex global landscape marked by geopolitical shifts and environmental challenges, this platform allows us to chart a forward-looking course, positioning Việt Nam as a leader in green technology, innovation and sustainable growth.”Việt Nam's economy in the period from 2024 to 2025 faces a pivotal juncture, marking the final stages of the 2021-2025 socio-economic development plan, she stressed. The achievement of Việt Nam’s economic goals hinges on outcomes in these two years, saying that concentrated effort during this “drop point” will be crucial.Growth prospectsPresenting Việt Nam’s current economic status and outlook for the next year, Nguyễn Hữu Thọ, director of CIEM Economic Analysis and Forecast Department said the country has regained the growth momentum similar to the pre-COVID period, at a relatively high rate of 6.8-7 per cent.The International Monetary Fund (IMF) also considered Việt Nam’s growth rate this year to be the highest among ASEAN countries, he added.He noted Việt Nam’s deep integration with the global economy, implying that international developments will significantly impact the country’s economic trajectory. Although he anticipates global geopolitical instability, he projects a positive outlook for global economic growth due to a potential recovery in trade and improved inflation control.Domestically, there are encouraging signs within the business sector. Orders for 2024 already show notable improvement over 2023, fostering optimism for increased productivity and enterprise expansion. However, the dynamics of enterprise turnover highlight challenges: for every 100 new businesses entering the market in previous years, 50 left, resulting in a net gain of 50. By contrast, in 2024, 89 enterprises exited for every 100 newcomers, leaving only 11 to carry forward, illustrating the volatility in business retention that may impact Việt Nam's growth objectives.The expert’s insights highlight a balanced outlook for Việt Nam's economy in 2025. Although Foreign Direct Investment is anticipated to remain robust, its economic impact is uneven across Việt Nam, with 74 per cent concentrated in 14 provinces and cities, including Hà Nội and HCM City. This concentration reflects FDI’s focus on import-processing for export, leading to limited direct contributions to domestic growth.Domestically, purchasing power is expected to see little change in 2025, with income levels yet to achieve a breakthrough. However, international tourism is projected to grow, positively impacting GDP growth, although the benefits may vary across regions.Exports are forecasted to perform well, contingent on stable global geopolitical conditions. Rising trade defence measures present a challenge, with an increasing number of trade defence cases per billion US dollars in trade. Infrastructure development, both digital and transport, along with institutional reforms, are seen as significant contributors to Việt Nam's economic resilience in the coming year. Accordingly, inflation is expected to remain controlled and GDP growth could surpass 2024 by up to 0.4 per cent.Reform neededTo sustain economic momentum, the Central Institute for Economic Management (CIEM) emphasises institutional reform, focusing on reducing business conditions and administrative procedures. By 2030–2040, it aims for a stable institutional framework to minimise frequent amendments. For resource allocation, CIEM recommends prioritising emerging and resilient businesses, such as those returning to the market or producing import-substitute goods, to maximise growth support in a resource-limited environment.However, there is an increasing disparity between the domestic and the FDI sectors from 2010 to 2024, meaning the domestic economy is not adequately robust to expand its presence in international markets.So challenges remain and the domestic economic sector, for instance, lacks the strength to expand significantly in international markets. While structural shifts toward modernisation are underway, progress is slower than anticipated. Furthermore, key economic hubs —Việt Nam's 'economic locomotives'—have shown signs of slowing down. To sustain momentum into 2025, the economy will need notable advancements and strategic progress, experts told the forum.Meanwhile, the structural transition towards modernisation (increasing proportions of industry and construction sectors) is happening at a slower pace than expected.Entering 2025, FDI, export and infrastructure are projected to be the highlights of Việt Nam’s economy. International forecast agencies also predict that inflation will be well-controlled, while the country should boast a growth rate equal to or at 0.2-0.4 per cent higher than 2024.Perfecting institutions, mobilising resources, developing infrastructure and devising support policies for business and export are part of the key recommendations for economic growth going forward, the CIEM representative said.Domestically, purchasing power is expected to see little change in 2025, with income levels yet to achieve a breakthrough. However, international tourism is projected to grow, positively impacting GDP growth, although the benefits may vary across regions.At the event, experts also discussed Việt Nam’s readiness for green transition and how to leverage international environment standards for the country’s competitive exports, as well as enhancing efficiency, productivity and technological advancements to bolster Việt Nam’s long-term economic performance. — VNS

The fourth Việt Nam Economic Pulse (VEP) on Friday gathered leaders and experts from across government, business and academia to discuss the evolving policy landscape amid global economic uncertainties, rapid technological change and the intensifying impacts of climate change.

Việt Nam shows resilience amid global challenges, but much work remains to be done: experts

<table align="center"><tbody><tr><td style="text-align:justify;"><img alt="" src="https://image.vietnamnews.vn/uploadvnnews/Article/2024/10/18/381853_6711dd7f52397.png"/></td></tr><tr><td style="text-align:justify;">Nineteen corporations and parent companies under the Commission for Management of State Capital at Enterprises (CMSC). — Photo nhipsongkinhdoanh.vn</td></tr></tbody></table>HÀ NỘI — Pre-tax profit of parent companies of 19 corporations and parent companies under the Commission for Management of State Capital at Enterprises (CMSC) is estimated to reach VNĐ50.36 trillion (US$2.08 billion) in the first nine months of the year. This figure exceeds the annual target by 20 per cent.Information from the CMSC shows that the total revenue of parent companies of 19 corporations and parent companies, including EVN and Vietnam Airlines, is estimated at VNĐ971,593 billion in the first nine months of this year, up 15 per cent over the same period, achieving 83 per cent of the annual plan.The value of payment to the State budget is estimated at nearly VNĐ63 trillion, equivalent to the same period and exceeding the plan by 15 per cent.The total consolidated equity is estimated at over VNĐ1.5 quadrillion by the end of last month. — VNS

The pre-tax profit exceeds the annual target by 20 per cent.

Nineteen State-owned enterprises estimate pre-tax profit of over $2 billion

<table align="center"><tbody><tr><td style="text-align:justify;"><img alt="" src="https://image.vietnamnews.vn/uploadvnnews/Article/2024/10/18/381863_4985056560850396_5f337092b5000c5e5511.jpg"/></td></tr><tr><td style="text-align:justify;">Delegates at the seminar on "E-commerce Trends in the World and Implications for EU-Vietnam Trade" on Thursday. — VNS Photo Ly Ly Cao</td></tr></tbody></table>By Ly Ly CaoHÀ NỘI — While the European Union presents a vast cross-border e-commerce market, the participation of Vietnamese businesses exporting to Europe through international trading platforms remains significantly lower than in other markets.E-commerce is reshaping global trade dynamics, especially post-COVID-19, according to a report released at a seminar called 'E-commerce Trends in the World and Implications for EU-Vietnam Trade' organised by the Vietnam Institute for Development Strategies and the Konrad-Adenauer-Stiftung Institute Vietnam (KAS) on Thursday.While the global trade growth rate has been declining, averaging only 2-5 per cent annually in the past few years and even dropping by 1.3 per cent in 2023, e-commerce has experienced a rapid surge, with an average growth rate of around 20 per cent following the pandemic, according to the report.Online retail sales now constitute 20 per cent of total global retail sales -- up from 17 per cent in 2019 -- and are projected to reach 24.5 per cent by 2025, with cross-border transactions contributing significantly to global e-commerce revenue (22 per cent).The EU stands as the world's third-largest e-commerce market, according to the report. The percentage of internet users in the EU engaging in online shopping has risen from 66 per cent in 2018 to 76 per cent in 2023.After three years of the EU - Việt Nam Free Trade Agreement (EVFTA), trade between Việt Nam and the EU has seen notable progress. Export growth to the EU averaged 8.1 per cent from 2021 to 2023, while Vietnamese businesses are successfully venturing into e-commerce with the EU."The EU and Việt Nam have made significant strides in promoting bilateral trade through the EVFTA. E-commerce serves as a powerful tool to leverage this agreement, fostering increased trade and mutual benefits," said Florian Feyerabend, KAS Resident Representative.“We anticipate that new trade trends, particularly e-commerce, will further strengthen and accelerate trade relations in the near future,” he added.The region offers diverse online platforms benefitting Vietnamese businesses, especially SMEs. Major EU e-commerce markets like Germany, France and Italy are witnessing a surge in cross-border online trade.Yet, at present, the participation of businesses exporting to Europe via international trading platforms lags far behind other markets.For instance, out of over 10,000 Vietnamese businesses using e-commerce platforms like Amazon for exports, a mere 10 per cent target the European market.The main hurdle stems from the EU's high demands regarding strict quality standards, environmental considerations and a more intricate purchasing culture, along with stringent legal barriers. Additionally, Việt Nam’s support policies for businesses remain ambiguous, the report showed.To expand the presence of Vietnamese businesses in the EU e-commerce market, the report suggests the Government implement tailored incentives for cross-border e-commerce businesses on trading platforms while enhancing programmes to help businesses take advantage of the EVFTA through e-commerce, fostering connections between Vietnamese and European enterprises.It is also necessary to establish comprehensive national standards for origin tracing systems, improve legal frameworks for source verification and boost cross-border trade activities, logistics operations and investments in cross-border logistics development.Sita Zimpel, project director of ASEAN SME II at GIZ, said that Vietnamese enterprises looking to tap into the fast growing e-commerce market need to observe strict compliance requirements, particularly the emerging imperative of ethical business conduct.“Transparency and traceability are key obligations for sellers, while platform responsibility, which includes countering illegal products also from abroad, is equally crucial,” she added. — VNS

The EU offers diverse online platforms benefitting Vietnamese businesses, especially SMEs. Major EU e-commerce markets like Germany, France and Italy are witnessing a surge in cross-border online trade.

Unleashing Vietnam - EU e-commerce potential

<figure class="image"><img src="https://api.blue-wave.vn/images/6c98fe9ec5926c09cb71a0c38f30aeea_20241107075624.jpg"></figure>The work of most organizations would slow to a crawl without functioning IT systems.Bluewave provides computer-related support, including installation and maintenance of servers and desktop hardware and software; computer equipment standards; equipment and technical support for conferences and meetings; the infrastructure for enterprise resource planning applications and other office automation applications; internet access and file-sharing services; e-mail and groupware services; security for application and server data and protection for the computer environment from viruses, hackers and similar threats.

The work of most organizations would slow to a crawl without functioning IT systems.Bluewave provides computer-related support, including installation and maintenance of servers and desktop hardware and software; computer equipment standards; equipment and technical support for conferences and meetings; the infrastructure for enterprise resource planning applications and other office automation applications; internet access and file-sharing services; e-mail and groupware services; security for application and server data and protection for the computer environment from viruses, hackers and similar threats.

Information Technology (IT)

We’ve been helping brands develop and define their voice since 2019. The times may have changed, but our love for creativity and problem-solving hasn't. We’re driven by technology and innovation to ensure we fulfill our key mission of helping our clients find their successful future.&nbsp;Searching for a professional consultant? Do not lose any time and send Bluewave&nbsp;an email. Because we&nbsp;will provide an incredible aid for your event promotion or your logistics management activities.<figure class="image"><img src="https://api.blue-wave.vn/images/c4ca4238a0b923820dcc509a6f75849b(2)_20241107075544.jpg"></figure>​ Bluewave partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities.&nbsp;To succeed, organizations must blend digital and human capabilities. Bluewave’s diverse, professional teams bring deep industry and functional expertise and a range of perspectives to spark change through leading-edge management consulting as well as data science, technology and design, digital ventures, and business purpose.&nbsp;We work in a uniquely collaborative model across the firm and throughout all levels of the client organization to deliver results that help our clients thrive.MissionOur mission is to gather and verify the hard data, expert insights, and actionable advice that you need to build your brand and grow your business – to provide the practical business wisdom that manifests in your success.Contact us if you&nbsp;want:<ul><li>Uncover the answers to your most pressing business questions by surveying business decision-makers and consumers</li><li>Advance your business savvy by gathering the latest business insights, trends, and news</li><li>Help you find the right business services to execute on a big project</li><li>Inspire you with stories of successes and creative problem solving</li></ul>&nbsp;What we believeWhether you want to advance an idea, a capability, or the world at large, Bluewave is with you every step of the way. We excel in the business of human potential, and believe in its power to shape strategic, organizational, economic, societal change, and beyond.Get in touch so that we can kickstart your branding today.

We’ve been helping brands develop and define their voice since 2019. The times may have changed, but our love for creativity and problem-solving hasn't. We’re driven by technology and innovation to ensure we fulfill our key mission of helping our clients find their successful future.&nbsp;Searching for a professional consultant? Do not lose any time and send Bluewave&nbsp;an email. Because we&nbsp;will provide an incredible aid for your event promotion or your logistics management activities.

About

<figure class="image"><img src="https://api.blue-wave.vn/images/b2f5ff47436671b6e533d8dc3614845d (1)_20241107075645.jpg"></figure>Content can be informational, funny, inspiring or persuasive. But most importantly, it needs to align with your business goals and digital strategy. It connects your business with this audience and nurtures them to the sale – before finally closing the deal and retaining them for another. &nbsp;Bluewave helps you create the right content to promote your business. Our content creation services are integrated into your digital marketing strategy and focus on achieving outcomes – building a brand, converting sales or retaining customers.

Content can be informational, funny, inspiring or persuasive. But most importantly, it needs to align with your business goals and digital strategy. It connects your business with this audience and nurtures them to the sale – before finally closing the deal and retaining them for another. &nbsp;Bluewave helps you create the right content to promote your business. Our content creation services are integrated into your digital marketing strategy and focus on achieving outcomes – building a brand, converting sales or retaining customers.

Content creation

What we do

NEWS

<figure class="image image_resized" style="width:50%;"><img src="https://api.blue-wave.vn/images/c81e728d9d4c2f636f067f89cc14862c(1)_20241107075658.jpg"></figure>Companies which are aiming to grow internationally and expand into global markets need to develop a business plan for their Indirect Channel to reach their potential buyers and to achieve this they must contact those Partners which best adapt to their company’s aims and strategy.At Bluewave, we can guide and assist you in developing a strategy that will help you stand out in the crowd and establish yourself as a valuable asset to both hosting partners and clients alike.&nbsp;Bluewave will grow your network of resellers while strengthening relationships with existing ones. Our distribution channel development strategies help you to connect with more resellers and to maximise the value of your existing relationships.&nbsp;Benefits of Bluewave's Channel Development:<ul><li style="text-align:justify;">Increase sales beyond the reach of your salesforce in a variety of markets and segments.</li><li style="text-align:justify;">Development of an efficient approach to potential markets.</li><li style="text-align:justify;">Investment in partners with the greatest chance of success.</li><li style="text-align:justify;">Grow your reputation throughout the territory.</li></ul>If you’re ready to focus on channel development marketing, get in touch with our team today. We’ll be with you every step of the way.

Companies which are aiming to grow internationally and expand into global markets need to develop a business plan for their Indirect Channel to reach their potential buyers and to achieve this they must contact those Partners which best adapt to their company’s aims and strategy.At Bluewave, we can guide and assist you in developing a strategy that will help you stand out in the crowd and establish yourself as a valuable asset to both hosting partners and clients alike.&nbsp;Bluewave will grow your network of resellers while strengthening relationships with existing ones. Our distribution channel development strategies help you to connect with more resellers and to maximise the value of your existing relationships.&nbsp;Benefits of Bluewave's Channel Development:<ul><li style="text-align:justify;">Increase sales beyond the reach of your salesforce in a variety of markets and segments.</li><li style="text-align:justify;">Development of an efficient approach to potential markets.</li><li style="text-align:justify;">Investment in partners with the greatest chance of success.</li><li style="text-align:justify;">Grow your reputation throughout the territory.</li></ul>If you’re ready to focus on channel development marketing, get in touch with our team today. We’ll be with you every step of the way.

Channel development

&nbsp;<figure class="image"><img src="https://api.blue-wave.vn/images/8ce4b16b22b58894aa86c421e8759df3_20241107075725.jpg"></figure>We analyse data to discover how your digital assets really work. Then through testing and adjustment, we'll make them work harder for your business.Website optimisation is a central part of a digital strategy. Because in the digital world, nothing is permanent. Your business changes. The market changes. Technology changes. And customers change.Optimisation works in tandem with your other digital services. We analyse website analytics. Run user tests. And employ best-practice conversion tactics. All these combine with marketing and development to help you reach your business goals.

We analyse data to discover how your digital assets really work. Then through testing and adjustment, we'll make them work harder for your business.Website optimisation is a central part of a digital strategy. Because in the digital world, nothing is permanent. Your business changes. The market changes. Technology changes. And customers change.Optimisation works in tandem with your other digital services. We analyse website analytics. Run user tests. And employ best-practice conversion tactics. All these combine with marketing and development to help you reach your business goals.

Website optimization

<figure class="image"><img src="https://api.blue-wave.vn/images/d95679752134a2d9eb61dbd7b91c4bcc (1)_20241107075802.jpg"></figure>Our management consulting services focus on our clients' most critical issues and opportunities: strategy, marketing, organization, operations, technology, transformation, digital, advanced analytics, corporate finance, mergers &amp; acquisitions and sustainability across all industries and geographies.Bluewave brings deep, functional expertise, but are known for our holistic perspective:- We capture value across boundaries and between the silos of any organization.- We have proven a multiplier effect from optimizing the sum of the parts, not just the individual pieces.

Our management consulting services focus on our clients' most critical issues and opportunities: strategy, marketing, organization, operations, technology, transformation, digital, advanced analytics, corporate finance, mergers &amp; acquisitions and sustainability across all industries and geographies.Bluewave brings deep, functional expertise, but are known for our holistic perspective:- We capture value across boundaries and between the silos of any organization.- We have proven a multiplier effect from optimizing the sum of the parts, not just the individual pieces.

Consulting services

<figure class="image"><img src="https://api.blue-wave.vn/images/11d8c28a64490a987612f2332502467f (1)_20241107075814.jpg"></figure>In today’s business environment, strategy is more important than ever.At Bluewave, we offer creative solutions that have helped thousands of companies develop and execute winning strategies that create more value in their business. We work collaboratively with you, so you can:- Achieve sustained, profitable growth.- Develop a corporate strategy that supports end-to-end value creation, taking advantage of our broad expertise and world-class capabilities in business strategy, corporate finance, Micro-battles System, private equity transactions, organization and more.- Lead your company to its full potential, today and in the future, by making key decisions on where to play and how to win in your core business as you also build new engines of growth.- Develop digital strategies that align with your core strategy and propel you to a leadership position as digital reshapes your industry.- Leverage the power of proven tools and techniques that facilitate nimble experimentation and quick-hit problem resolution, recapturing the insurgent mindset that powered your company in its early days. Combine the talents of your commercially oriented and creative team members, the doers and the dreamers, to conceive and execute the bold new ideas that will fuel your strategy.

In today’s business environment, strategy is more important than ever.At Bluewave, we offer creative solutions that have helped thousands of companies develop and execute winning strategies that create more value in their business. We work collaboratively with you, so you can:- Achieve sustained, profitable growth.- Develop a corporate strategy that supports end-to-end value creation, taking advantage of our broad expertise and world-class capabilities in business strategy, corporate finance, Micro-battles System, private equity transactions, organization and more.- Lead your company to its full potential, today and in the future, by making key decisions on where to play and how to win in your core business as you also build new engines of growth.- Develop digital strategies that align with your core strategy and propel you to a leadership position as digital reshapes your industry.- Leverage the power of proven tools and techniques that facilitate nimble experimentation and quick-hit problem resolution, recapturing the insurgent mindset that powered your company in its early days. Combine the talents of your commercially oriented and creative team members, the doers and the dreamers, to conceive and execute the bold new ideas that will fuel your strategy.