Vietnam, Laos boost trade at Savannakhet expo

Vietnam is a dynamic and rapidly developing economy, with a growth rate exceeding 7% in 2024, a figure that not many countries could achieve amidst numerous fluctuations and challenges. Spain wishes to become an active partner in Vietnam's goal of modernisation and becoming a high-income developed nation by 2050.

The price drop follows global oil market fluctuations from April 3 to 9, influenced by the US's tariff hikes, rising crude inventories, and ongoing geopolitical tensions. Average global fuel prices dropped by 9–11% during the period

Once fully operational, the plant is expected to produce up to 5 million products annually, generating estimated annual revenue of 51.3 million USD.

The agreement is part of a broader series of aircraft financing deals totaling over 4 billion USD that Vietjet has secured with leading US financial institutions. These commitments aim to support Vietjet’s new fleet development plan, with the projected delivery of nearly 300 aircraft between 2025 and 2027.

The provincial border posts and checkpoints are requested to strictly inspect 100% of vessels entering and exiting stations, prohibiting those without the necessary qualifications from departing.

During the exhibition from April 8-10, Vietnamese firms displayed signature food and beverage products, including dried pho, instant noodles, canned food, chocolate-coated dried fruit, tea, coffee, and nutritious grains, connecting with Brazilian supermarket chains and distributors to reach 230 million consumers.

In the context of the complicated global political and economic situation, German businesses affirmed that Vietnam is a top reliable partner and called on both sides to further open their markets, especially for small and medium-sized enterprises.

In order to draw more FDI, experts underlined the need for Vietnam to take comprehensive measures, including stronger reforms in all fields.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,964 VND/USD on April 10, up 28 VND from April 9.

US Trade Representative Jamieson Greer said the reciprocal trade agreement should include arrangements on tariffs and proposed that technical-level representatives from both countries start discussions immediately.

With this new name, Petrovietnam reaffirms that it is no longer solely a traditional oil and gas enterprise. It now positions itself as a national hub for industrial development, service innovation, and energy security, and is committed to sustainable development, technological modernisation, and ensuring energy stability for the nation.

Hien explained that rules of origin are a set of criteria used to determine the country where a product is manufactured (i.e. country of origin). These rules are especially important for goods produced using inputs from multiple countries, and require clearly defined methods and standards to identify the origin accurately.

Under the strategic planning component, the French side will assist CAAV in developing a roadmap to manage the projected growth of Vietnam’s aviation sector in the coming years.

VietCham Thailand aims to work as a key platform for companies to exchange ideas, seize opportunities, and tackle challenges together. It is also hoped to assist businesses in accessing markets, expanding partnerships, and beefing up economic cooperation between Vietnam and Thailand.

The project stems from active collaboration between the Vietnamese Government, ministries, agencies and Binh Dương authorities to attract hi-tech and green-focused foreign investment.

Deputy PM Nguyen Chi Dung pledged favourable conditions for UAE businesses to explore cooperation opportunities in Vietnam, expressing his hope that the two sides will soon reach consensus on large-scaled investment projects in the near future.

Rather than focusing solely on increasing export value, Vietnamese businesses should shift toward higher market segments and promote service exports as the US tariffs target goods, not services, an expert has said.

Amid global economic restructuring and deeper regional cooperation, Vietnam–China economic and trade ties have grown significantly. with larger scale and major projects actively promoted, creating strong momentum for both nations' socio-economic development.

“Strong trade, a recovery in export manufacturing, and robust foreign direct investment fueled Vietnam’s economic growth in 2024,” said ADB Country Director for Vietnam Shantanu Chakraborty as quoted by the bank in its related news release.

In 2024, Vietnam’s seafood exports exceeded 10 billion USD, with key buyers including China, the US, Japan, the EU, and the Republic Korea. The momentum continued in the first quarter of 2025, with a value of 2.29 billion USD, rising 18.1% year-on-year