Belarusian President Alexander Lukashenko signed to ratify the free trade agreement (FTA) between the Eurasian Economic Union (EAEU) and Vietnam on May 31.
Belarusian President Alexander Lukashenko (Photo: Xinhua/VNA)
Hanoi (VNA) – Belarusian President Alexander Lukashenko signed to ratify the free trade agreeme𒀰nt (FTA) between the Eurasian ♉Economic Union (EAEU) and Vietnam on May 31.
The pact was given the green light by the House of Representatives of Belarus on May 25.
Belarusian First Deputy Minister of Foreign Affairs Aleksandr Mikhnevich noted the trade pact would boost bilateral cooperation with Vietnam, helping Belarus’ products make inroads into Vietnam, a gateway to the Southeast Asian market.
The EAEU, which comprises Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, signed the FTA with Vietnam in May 2015. This was the first FTA signed between the EAEU and an external partner.
Previously, Russia and Kazakhstan ratified the trade pact, which will lift most tariffs on goods traded among participants.
The deal is expected to increase trade revenue between Vietnam and the EAEU to 10 billion USD in 2020 from the current yearly average of 4 billion USD.-VNA
Russian President Vladimir Putin put his signature to ratify the free trade agreement (FTA) between the Eurasian Economic Union (EAEU) and Vietnam on May 1.
Vietnamese Prime Minister Nguyen Xuan Phuc and his Russian counterpart Dmitry Medvedev emphasised the resolve to enhance the countries’ comprehensive strategic partnership during talks in Moscow.
The success of projects under the Vietnam-Eurasian Economic Union free trade agreement will contribute to boosting the signing of similar deals between the union and other countries in Asia-Pacific.
All countries in Asia-Pacific should join hands to promote peace and stability for the region’s growth and world peace and prosperity, President Tran Dai Quang told Russian news agency TASS.
The House of Representatives of Belarus and Kyrgyzstan’s national assembly ratified the free trade agreement (FTA) between the Eurasian Economic Union (EAEU) and Vietnam on May 25.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Belarusian President Alexander Lukashenko (Photo: Xinhua/VNA)
