Vietnam Airlines signs MoU on cooperation with Russia's VTB Bank

In the first few months of 2025, HCM City welcomed many high-level delegations from EU countries, demonstrating the EU's special interest in the city, while opening up many new cooperation opportunities.

Vietnamese Minister of Industry and Trade Nguyen Hong Dien and US Trade Representative Jamieson Greer reached a high consensus on principles, approaches, content orientations, and negotiation plans, thereby establishing a foundation for subsequent negotiation sessions to achieve positive outcomes.

Experts said that in the context of digital transformation and AI increasingly becoming key drivers of business innovation, building a capable succession team—those who will lead the company toward sustainable growth—has become an urgent priority.

Construction is underway on a series of key transportation projects connecting the Central Highlands with the south-central coastal region.

The MoU, signed as part of Thai Prime Minister Paetongtarn Shinawatra’s official visit to Vietnam from May 15-16, was the result of extensive discussions between the two sides, aimed at enhancing the presence and competitiveness of Vietnamese products, particularly consumer goods, and agricultural and aquatic products.

The direct call service helps cut transportation time, reduce costs, increase competitiveness by bypassing major transshipment ports in northern and southern Vietnam. At the same time, it opens up new trade opportunities, promotes logistics activities, develops supply chains, strengthens regional connectivity, and enhances the position of Chu Lai Port on the international maritime map.

This marked the first collaboration of its kind between a domestic switching network and an international card scheme in the Vietnamese market.

While the policy reflects Vietnam’s intent to strengthen trade relations with the US, the real impact on car prices will be modest partly because import tariffs are just one part of the vehicle's cost.

Strengthening the Vietnam - US economic and financial cooperation will open new avenues for collaboration and serve as a symbol of trust and a substantive Comprehensive Strategic Partnership for mutual prosperity, a Vietnamese official has said.

The daily reference exchange rate for the US dollar fell 10 VND from the previous day to stand at 24,960 VND/USD on May 16.

While Hanoi remains the economic driver in finance, logistics and innovation, neighbouring localities are evolving into manufacturing and logistics belts, supplying land, labour and support services, particularly for high-tech industries.

Beyond regulatory reform, Resolution 68 provides support policies for access to land, capital, and high-quality human resources, while also promoting digital transformation, innovation, sustainable development, and global value chain integration.

The event will see the participation of about 100 exhibitors from eight countries and territories, namerly India, Taiwan (China), China, the Republic of Korea, Japan, Hong Kong (China), the US, and Vietnam.

Facing the risks posed by trade barriers and potential reciprocal tariffs from the US, many businesses have proactively shifted their market strategies, stepped up trade promotion, and diversified their orders to reduce reliance on a single market.

A 2-percentage-point reduction in the value-added tax (VAT) for goods and services will lead to a decrease in state revenue by approximately 121.74 trillion VND (over 4.69 billion USD) over the proposed period. This includes an estimated 39.54 trillion VND in the second half of 2025 and 82.2 trillion VND in 2026.

Many Francophone businesses expressed interest in upcoming opportunities and outlined their expectations for deeper cooperation and future investment in Vietnam.

She affirmed that Vietnam has been actively and proactively promoting balanced and sustainable trade and investment cooperation with the US on the basis of effectiveness, frankness, equality, mutual respect, and mutual benefit.

E5 RON92 petrol is now capped at 19,180 VND (0.74 USD) per litre, up 403 VND from the previous adjustment, while RON95-III petrol costs 19,594 VND per litre, up 415 VND.

Vietnam’s rice exports reached a record 9.04 million tonnes in 2024, up 11 percent year-on-year, with an increase of 21% in value to reach 5.7 billion USD. Meanwhile, rice import totalled 3.7 million tonnes last year.

The nearly 1 billion USD subdivision includes a system of 5-star hotels, resort villas, entertainment facilities, a casino, and an international convention and exhibition centre, with more than 6,000 rooms, serving over 18,000 guests at the same time.