Vietnam and Saudi Arabia heldthe second meeting of their Joint Committee on Economic, Scientificand Technological Cooperation in Hanoi on March 26.
Signatoriesof the meeting minutes include Deputy Minister of Industry and Trade LeDuong Quang, who headed the Vietnamese team at the committee, and AhmedH. Salah, Deputy Minister of Economics-Planning and leader of the SaudiArabian delegation
During the meeting, both sides underscoredthe implementation of cooperation programmes to ensure energy securityand food for the two countries. They also closely explored measures toactivate Saudi initiatives on pouring money into foreign markets.
The two sides prioritised bilateral future collaboration inagriculture, oil and gas, and agreed to step up negotiations securinginvestment protection, marine transportation and cooperation betweentheir press agencies.
Saudi Arabia hopes to sign a memorandumof understanding with the Vietnamese Ministry of Culture, Sports ofTourism in the fields of youth development and sports.
According to the Ministry of Industry and Trade, two-way trade betweenVietnam and Saudi Arabia has grown rapidly, hitting 1.71 billion USD in2013 from 1.04 billion USD from 2011.
Last year, Vietnam’sexports to Saudi Arabia reached 471.4 million USD, with major currencyearners being agricultural products, seafood, rice and apparel.Meanwhile, it imported 1.2 billion USD worth of goods from thecountry.-VNA
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.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
