Want to be in the loop?
subscribe to
our notification
Business News
VIET NAM, SINGAPORE WORK TOWARDS MUTUAL VACCINE CERTIFICATE RECOGNITION
Vietnamese Foreign Minister Bui Thanh Son and Singaporean counterpart Vivian Balakrishnan have agreed to accelerate the establishment of a working group responsible for developing an agreement on mutual vaccine certificate recognition.
The agreement was reached at the face-to-face talks between the pair in Ha Noi on Monday.
Both sides underlined the need to effectively implement the Viet Nam-Singapore economic connectivity agreement and work out concrete measures to boost cooperation in such fields like logistics, e-commerce, high-tech agriculture, and food processing in a bid to ensure post-Coronavirus recovery and sustainable development in each country.
The two foreign ministers also agreed to soon formulate a joint technical working group on digital partnership to work towards a bilateral agreement on digital economy.
They affirmed the important role played by the two foreign ministries in connecting and beefing up cooperation across areas between the two countries, thus contributing to further deepening the Viet Nam-Singapore strategic partnership.
Regarding regional and international issues of shared concerns, the two sides vowed to continue close coordination at regional and international organizations and forums such as the United Nations, APEC, ASEAN, and the Mekong Sub-region.
Comparing notes on the East Sea situation, the two foreign ministers uphold peace, stability, security, and freedom of navigation and aviation in the East Sea, observation of international law, especially the 1982 UN Convention on the Law of the Sea, full and serious implementation of the Declaration on the Conduct of Parties in the East Sea and formulation of an effective and efficient Code of Conduct in the East Sea in line with the UNCLOS 1982.
Source: VGP
Related News
EVFTA DEEPENS VIETNAM-EU RELATIONS AFTER SIX YEARS
The EVFTA acts as a vital economic highway to boost trade between Vietnam and EU. In 2019, the Vietnam – EU two-way trade stood at $49.8 billion. This figure rose to $74 billion by the end of 2025. In the first six months of 2026, two-way trade between Vietnam and the EU totalled $41.7 billion. Vietnam's exports to the EU reached $31.8 billion, while imports from the bloc stood at $9.9 billion.
AMRO UPGRADES VIETNAM GROWTH FORECAST TO 7.5 PER CENT
AMRO released its July 2026 Quarterly Update of the ASEAN+3 Regional Economic Outlook on July 27, projecting Vietnam to grow 7.5 per cent in 2026, up from its June forecast of 7.2 per cent. AMRO also raised its growth forecast to 7.3 per cent in 2027, up from its June forecast of 7 per cent, while revising down its inflation forecasts to 4.3 per cent in 2026 and 3.9 per cent in 2027.
VIETNAM APPROVES ROADMAP FOR INT’L FINANCIAL CENTERS THROUGH 2035
Vietnam has approved a development plan through 2035 for its international financial centers, with the one in Ho Chi Minh City positioned as a comprehensive global financial hub. Deputy Prime Minister Nguyen Van Thang, chairman of the governing board of the Vietnam International Financial Center, has signed the decision approving the development plan.
REMITTANCES TO HO CHI MINH CITY TOP $4BN IN H1 2026
Remittances sent to Ho Chi Minh City topped US$4 billion in the first half of 2026, down nearly 23 percent year on year, despite a modest recovery in the second quarter. The city received more than $2.03 billion in remittances in the second quarter. Tran Thi Ngoc Lien, deputy director of State Bank of Vietnam’s region 2 branch, said the second quarter was the first quarter this year to see remittances to Ho Chi Minh City increase from the preceding quarter, although the pace of recovery remained modest.
GLOBAL BEAUTY BRANDS EYE OPPORTUNITIES IN VIETNAM
Vietnam’s fast-growing beauty and personal care market is attracting thousands of international brands, with a major industry exhibition in Ho Chi Minh City bringing together more than 3,000 brands from over 24 countries and territories. The Vietbeauty, Cosmobeauté Vietnam and Beautycare Plus 2026 exhibitions officially opened in Ho Chi Minh City on Thursday, bringing together 600 exhibitors from Japan, South Korea, the United States, France, Singapore and Vietnam, among others.
HCM CITY PRIORITISES LOGISTICS INFRASTRUCTURE TO RAISE DIRECT IMPORT-EXPORT THROUGHPUT ABOVE 80%
HCM City aims to increase the proportion of imports and exports handled directly through its seaports, airports, railway terminals and inland container depots (ICDs) to more than 80 per cent during the 2026-30 period. With measures revolving around investment in integrated logistics infrastructure, multimodal transport expansion and digital transformation acceleration, the strategy is intended to reduce logistics costs, enhance competitiveness and support sustainable growth in external trade.
























