PM meets corporate executives on sidelines of VBS

Prime Minister Nguyen Xuan Phuc hosted separate receptions in Da Nang on November 7 for corporate executives from the US, China and multinational corporations who are in Vietnam to attend the Vietnam Business Summit (VBS) and events within the framework of the APEC Economic Leaders’ Meeting.

Receiving a Chinese business delegation led by Vice Chairman of the China Council for the Promotion of International Trade (CCPIT) Chen Zhou, PM Phuc asked CCPIT to actively coordinate with Vietnamese ministries and agencies, especially the Vietnam Chamber of Commerce and Industry (VCCI), to boost Vietnam-China economic ties. 

He suggested CCPIT encourage Chinese firms to import more Vietnamese goods such as agro-forestry-aquatic products, and invest in large-scale infrastructure and transport projects using high technologies. 

Chen spoke highly of Vietnam’s business climate, adding that Chinese enterprises will choose Vietnam as a destination to expand operations and seek joint-venture opportunities.

Meeting with President of the US National Centre for APEC (NCAPEC) Monica Whaley, the PM wished that NCAPEC will contribute to bilateral ties by facilitating trade and investment and technology transfer. 

Whaley, for her part, said US firms highly value Vietnam’s efforts to build policies to fully tap achievements of the fourth industrial revolution and want to do long-term business and seek opportunities in the country. 

In a reception for President of Exxon Mobil Development Liam Mallon, PM Phuc expressed his wish that Exxon Mobil and US enterprises will actively contribute to discussions at APEC events and raise voice to boost regional economic connectivity. 

Mallon praised Vietnam for its successes in attracting more and more foreign investors and wished to do long-term business in the country. 

In a meeting with Martin Nordenstahi, who is in charge of Asia Division of Abbott, PM Phuc called on Abbott to transfer technologies used in medicine and pharmaceuticals to Vietnam and encouraged its collaboration in food safety, adding that the government’s administrative reform consulting group will acquire Abbott’s feedback to reform administrative procedures in food safety and public health care. 

Nordenstahi said Abbott’s subordinate companies are keen on expanding operations in Vietnam and committed to assisting the country in building an open and friendly business environment via policy-making consultation. 

Talking with Global Chairman of Pricewaterhouse & Coopers (PwC) Robert E.Moritz, the Vietnamese leader hoped that PwC will introduce Vietnam’s economy to global business community, connect Vietnamese and foreign enterprises, and share experience to fine-tune Vietnam’s accounting and audit system up to global standards. 

As Vietnam is restructuring its economy in combination with renewing growth model and improving competitiveness, it puts focus on the restructuring of public investment, State-owned enterprises and banking-credit system, he said. 

Vietnam is also accelerating equitisation of SOEs, including corporations operating in the fields of aviation, telecommunications and infrastructure, thus affording domestic and foreign investors chances to become strategic stakeholders, PM Phuc noted.

Moritz extolled Vietnam’s socio-economic reform efforts and suggested that Vietnam should pay attention to narrowing the wealth gap and increasing connectivity among businesses, the people and authorities at all levels. 

PwC will assist Vietnam in improving its business climate so that the country could become more attractive to foreign investors, he said.

VNA

Other News

A view of a container port in Singapore. (File photo: Xinhua/VNA)

Vietnam-Singapore trade cooperation gains fresh momentum

Analysts noted that Vietnam-Singapore ties are increasingly moving beyond traditional goods trade towards green growth, innovation and high-quality supply chains, laying a stronger foundation for more substantive and sustainable cooperation in the years ahead.

Vietnamese products make strong impression at Foodservice Australia 2026

Vietnamese products make strong impression at Foodservice Australia 2026

International visitors expressed positive impressions of Vietnamese products displayed at the fair. Nelma Sanjines, senior supervisor at ESP Catering in Sydney, praised the flavour of Vietnamese chilli sauce and soy sauce as well as the attractive packaging of confectionery products.

Digital technology helps standardise supply chains, sustain export competitiveness

Digital technology helps standardise supply chains, sustain export competitiveness

Experts noted that supply chain optimisation and risk management are no longer isolated tasks for individual companies but a requirement for the entire export ecosystem. With guidance from regulators, support from industry experts and their own efforts, Vietnamese exporters are expected to enhance their competitiveness and turn technical barriers and market volatility into opportunities for sustainable growth in global markets.

Vietnam seen as attractive investment destination for 2026–2035

Vietnam seen as attractive investment destination for 2026–2035

The article described Vietnam as strategically positioned along major regional maritime routes, including the East – West corridor linking the Americas, the Middle East, India and Europe, and the North – South corridor connecting China and Southeast Asia, helping make the country a gateway for international trade.

Eco-industrial parks seen as catalyst for higher-quality FDI

Eco-industrial parks seen as catalyst for higher-quality FDI

The eco-industrial park model will help Vietnam meet international environmental standards while creating opportunities to improve growth quality and economic competitiveness. Many multinational corporations now view green standards, emissions reduction and energy efficiency as key conditions when selecting investment destinations.

Promoting Vietnamese Brands at an International Food Fair in Gwangju

Promoting Vietnamese Brands at an International Food Fair in Gwangju

Alongside exhibition activities, trade promotion, and business networking programs, the “Gwangju Global Food Fair 2026” also witnessed the signing ceremony of a Memorandum of Understanding (MOU) between the Vietnam–Korea Businessmen & Investment Association (VKBIA) and the Gwangju Tourism Organization of South Korea.

Hanoi proposes subsidies to accelerate shift to electric vehicles

Hanoi proposes subsidies to accelerate shift to electric vehicles

Under a draft resolution currently open for public feedback by the municipal People’s Committee, residents with permanent or temporary residence registration in Hanoi for at least two consecutive years, who own petrol-powered motorbikes registered before the resolution takes effect, will be eligible for support when purchasing electric motorbikes priced at 10 million VND or more.

Private economic sector poised for breakthrough growth

Private economic sector poised for breakthrough growth

More than a year after the Politburo's Resolution No. 68-NQ/TW on private sector development came into effect, expectations now extend beyond increasing the number of enterprises. The goal is to build a stronger business community with greater resilience, larger ambitions and the capacity to compete in global supply chains.

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam is expected to remain one of ASEAN’s fastest-growing economies in 2026, supported by resilient exports, strong investment inflows and an ambitious reform agenda, despite mounting global uncertainties, according to the World Bank’s latest Vietnam Economic Update released on May 15.

Ministry establishes monitoring framework for carbon market

Ministry establishes monitoring framework for carbon market

Under a new circular, the exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.