Vietnam, RoK step up trade ties to aid businesses

Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.

Fifteen hi-tech projects (6% of the new projects) have combined investment of 859.87 million USD, or 44.17% of the total newly registered capital.

The Deputy PM assigned the Ministry of Construction to work with each locality the railway passes through to review the project site, particularly the sections that run through core natural forest areas, cultural heritage sites, defence-security zones, or densly populated residential areas.

The projects span infrastructure, marine farming, industry, and tourism, including 12 major projects tied to the 2027 APEC Economic Leaders' Meeting in Phu Quoc.

The conference aimed to encourage businesses to embrace Environmental, Social and Governance (ESG) principles in their core philosophy, policies, practices and processes.

The Vietnam Food Association (VFA) reported that Vietnam’s 5% broken rice is currently quoted at 0.393 USD per kg, down 0.003 USD from last week.

In Vietnam, aquaculture is highly developed, and related practices can be further improved, for example, by reducing the use of antibiotics, minimising pollution and waste discharge into the sea, including wastewater containing microplastics and other pollutants.

Honda Vietnam (HVN) recorded significant sales growth in both motorcycle and automobile segments in May 2025, with year-on-year increases of 8.2% and 25.9%, respectively.

Many major companies from the US and the European Union (EU) are pouring more investment and building supply chains in Vietnam, he stressed, noting that this reflects Vietnam’s growing importance in global supply chains.

According to the International Finance Corporation’s 2023 Country Climate and Development Report, businesses with clear ESG strategies attract 20–25% more investment than those without ESG strategies.

Vietnamese agricultural products clearing strict technical and quality barriers to reach Japanese dining tables is no longer a rare feat. However, the recent export of 500 tonnes of Japonica rice by Trung An High-Tech Farming JSC in partnership with Japan’s Murase Group carries special significance.

The State Bank of Vietnam set the daily reference exchange at 24,993 VND on June 16, up 18 VND from the last work day of the previous week.

The State Bank of Vietnam (SBV)’s central exchange rate this week even set a new peak, surpassing 25,000 VND per dollar for the first time. The dollar selling price at commercial banks has also remained close to the ceiling, indicating that pressure on the USD/VND exchange rate has not decreased.

The two sides also agreed to convene an online working-level meeting in the coming days to continue resolving outstanding issues and prepare for a virtual ministerial dialogue between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and US Secretary of Commerce Howard Lutnick.

In 2024, two-way trade between Vietnam and Canada reached over 11 billion USD, with Vietnam enjoying a trade surplus of nearly 10 billion USD. A key contributor to this success has been Vietnamese-Canadian businesses, notably Renso Foods.

Vietnam is enhancing its regulatory framework and policies to promote cashless payments as part of its strategy to develop a more digital economy.

With a stable political environment, strategic location, and a young, dynamic workforce, Bac Ninh continues to attract strong inflows of foreign direct investment (FDI).

FPT Corporation's partnership with Bappenas will help create a more connected and digitally advanced Southeast Asia and Asia-Pacific region.

Vietnam is taking drastic steps to mobilise green capital being a cornerstone in its economic development strategy for the long term, especially in private and agriculture sectors. ​

As of 2024, Vietnam had recorded over 204.5 million bank accounts held by individual customers and 154.1 million bank cards in circulation. Nearly 87% of Vietnamese adults now have bank accounts.