Ho Chi Minh City moves to develop Phu My 3 as first eco-industrial park

Economic, trade and investment cooperation remains the core pillar and the main engine of comprehensive, sustainable bilateral ties. General Secretary of the Communist Party of Vietnam Central Committee and President To Lam’s official visit to Japan is therefore a key moment to reinforce political trust, deepen the Comprehensive Strategic Partnership and open new cooperation opportunities in the next growth phase.

Participants at the Vietnam-Western Australia Business Forum 2026 in Perth on November 6 highlighted strong prospects for Vietnamese rice, agricultural produce and food products in the Australian market as local businesses seek to diversify supply chains.

Joining the World Trade Organisation (WTO) was a strategic choice for Vietnam, closely associated with its Doi Moi (Renewal) process, opening-up policy and international economic integration. Over the past two decades, international economic integration has become a driving force for institutional reforms, trade expansion, foreign investment attraction and enhancement of the country's international standing.

The USDA’s statistics show that Vietnam was the seventh-largest export market for American agricultural and related products in 2025, with import turnover of nearly 5.6 billion USD. The US’s 2025 agricultural exports to Vietnam increased 38% from 2024.

The report identifies Vietnam as Southeast Asia's most engaged market for AI. As GenAI moves beyond early adopters into wider workplace use, the country has recorded 45 million users, equivalent to 65% of its workforce, generating 31 billion AI prompts annually.

VOV.VN - Vietnam’s hosting of the Asia-Pacific Economic Cooperation (APEC) summit in 2027 is expected to create new momentum for cooperation between Vietnam and Russia, with opportunities to expand ties across a range of areas of mutual interest, according to Russian expert Tatyana Gorchakova.

Ambassador Nguyen Le Thanh called on Vietnamese and Danish partners to identify priority areas and promote research and training programmes, knowledge transfer and technology application in line with Politburo's Resolution No. 57-NQ/TW on breakthroughs in science – technology development, innovation and national digital transformation.

Rapid growth in registered capital is encouraging, but unless these commitments are promptly converted into implemented projects and productive capacity, their contribution to economic growth will remain constrained.

Vietnam has established a considerable manufacturing and export base, giving it an advantage in attracting investment from European corporations. However, amid the restructuring of global supply chains, the key objective is not merely to attract more investment, but also to enhance the quality of investment and the value it generates.

Vietnam remains committed to deep, proactive, and substantive international economic integration. Two decades of WTO membership have demonstrated the importance of international integration in promoting economic reforms, expanding trade, attracting investment, and strengthening national competitiveness.

Air travel in Vietnam will grow at twice the global average, meaning the country will need to add 1,000 aircraft to its fleet over the next two decades, according to a recent forecast by Airbus.

By linking policy dialogue with businesses' practical needs, the forum is expected to help translate Vietnam–EU cooperation potential into concrete trade and investment opportunities. It will also provide an opportunity for both sides to make more effective use of the EVFTA, expand markets for Vietnamese goods and businesses, and tap into Europe's capital, technology and management expertise.

Viet Nam's e-commerce revenue is projected to grow by 23-25% annually to reach 93-97 billion USD by 2030, accounting for 18-19% of total retail sales of goods and consumer services revenue.

Discussions focused on promoting Thai Nguyen and Vietnamese tea brands, facilitating technology transfer, expanding exports and attracting investment to deep processing, logistics, e-commerce and tea-based tourism.

The seminar is expected to connect policymakers, businesses and innovation initiatives, expand cooperation in trade and services, and promote the development of a modern, smart Cao Bang Border Gate Economic Zone.

Deputy Minister of Industry and Trade Luong Hoang Thai highlighted the electronics industry’s significant contribution to national exports, calling on businesses and experts to analyse its import-export structure, identify challenges and propose solutions to improve its development prospects.

In its initial phase, the airport is expected to handle up to 366 flights per week, including 322 domestic and 44 international services.

During the journey from Hanoi to Luu Xa Station in Thai Nguyen, passengers can enjoy local tea and traditional cuisine, as well as performances of Then folk singing accompanied by the Tinh lute, a traditional musical instrument of ethnic communities in northern Vietnam.

Viet Nam recorded a trade surplus of an estimated 6.8 billion USD in October, marking the second consecutive month of surplus and narrowing the cumulative trade deficit for the first 10 months to around 12.7 billion USD.

According to Vice President of the Foreign Trade University Associate Professor Dr. Dao Ngoc Tien, the VEFTA’s long-term value lies largely in its non-tariff commitments, which establish institutional frameworks, principles and cooperation mechanisms with lasting economic impacts.