Trade - Service

The revision of this year's GDP target will help lay the foundation for double-digit growth from 2026, propelling the country into a prosperous development phase.

Prices in Hanoi's supermarkets remain stable on the first day of Tet compared to pre-Tet levels.

Fuel supplies have been secured in advance, while the electricity sector has committed to avoiding power outages or service interruptions during Tet.

Prime Minister Pham Minh Chinh urged both sides to prioritize large, symbolic projects that reflect the intensity of bilateral ties.

Both sides discussed key areas of cooperation, including addressing war legacies, expanding economic and trade ties, and intensifying cooperation in science-technology and defense-security.

The move would help the country expand the scope and effectiveness of cooperation with the organization.

The Vietnamese Prime Minister stressed that the bloc must enter this new era with ambition and a mindset of "thinking big, acting boldly."

The two countries will deepen cooperation in areas such as innovation, green finance, intellectual property, and the exchange of expertise on developing international financial centers in Vietnam.

Prime Minister Pham Minh Chinh expects bilateral trade turnover to reach US$5 billion in the coming years.

The city’s total import-export turnover reached US$60.1 billion in 2024, up 11% year-on-year.

Numerous Vietnamese projects in various sectors have effectively contributed to Laos' development, creating jobs and improving the livelihoods of tens of thousands of local workers.

The city will continue to support businesses in exploring new markets, capitalizing on the Free Trade Agreement of which Vietnam is a member.

Key drivers of Vietnam’s growth include institutional reforms and decentralized governance.

Vietnam, in particular, will gain further access to a high-quality market, complementing its connections with Japan, Canada, and Australia.

Hanoi's e-commerce tax administration is expected to be significantly tightened in the near future.

Local consumers prefer shopping options that offer convenience and assurance of product origin.