Vietnam, Mexico Boost Economic Ties, Eyeing New Partnership

Vietnam and Mexico are looking to build a substantive and effective relationship and establish a new partnership framework that matches the level of bilateral ties. Vietnam supports Mexico's efforts to bolster ties with the Association of Southeast Asian Nations (ASEAN), contributing to peace, cooperation, and development between the two regions. Vietnam wishes to further enhance agricultural cooperation with Mexico and is ready to create favorable conditions for Mexican enterprises to boost agricultural exports to the Vietnamese market. Vietnam highly values its relationship with Mexico and aims to further advance cooperation via parliamentary, economic, cultural, and people-to-people channels, said Vietnamese Ambassador to Mexico Nguyen Van Hai. According to the VCCI, these measures are not only necessary for managing potential risks arising from US trade actions but also crucial to enhancing competitiveness and meeting growing international expectations on compliance, product origin, quality, and transparency. Businesses say the biggest obstacle to reducing emissions and transforming production models remains the lack of financial resources needed to upgrade technologies, modernise production lines, and build governance systems that comply with global sustainability standards. A transparent and stable legal environment with outstanding incentives is expected to create a new wave of investment and help turn the marine economy into a key driver of Vietnam's ambition for double-digit economic growth. As an active WTO member, Vietnam has been making active contributions to the organisation's agenda, including ratifying the first phase of the Agreement on Fisheries Subsidies, negotiating entry into the expanded Information Technology Agreement (ITA2), and preparing for its next Trade Policy Review scheduled for late 2026, Deputy Prime Minister Nguyen Van Thang said. Shipbuilding is increasingly viewed as an important component of Vietnam's marine economy. More than simply a manufacturing sector, it forms part of an integrated industrial ecosystem closely linked with metallurgy, mechanical engineering, electrical and electronic industries, automation, information technology, and maritime logistics. The State Bank of Vietnam set the daily reference exchange rate at 25,306 VND/USD on July 28, up 13 VND from the previous working day. Resolution No. 10-NQ/TW, issued by the Politburo in 2026 on the development of the foreign-invested sector, identifies foreign direct investment (FDI) as “an important component of the national economy” and “a key driver of economic development and international integration.” The story of Vietnam’s economy in 2026 is not just one of faster GDP growth. It is about higher productivity, industrial upgrading, stronger capital formation, and a more prominent role in Asia’s strategic economic landscape. 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. If the Central Highlands harvest proceeds smoothly and pending issues related to growing-area and packing-house codes are resolved promptly, exports could generate an additional US$2 billion in the remaining months of the year, pushing the whole-year figure beyond US$4 billion, up from US$3.8 billion last year. The ministry has taken steps to immediately inspect locations reporting shortages and identify the cause. Localities where shortages are taking place must examine the entire supply chain, including contracts between retailers and wholesalers, actual supply volumes, delivery schedules, and the reasons for any failure to provide fuel. This progress has been built on mutual respect, transparency, and Vietnam's sustained efforts to improve its legal framework and comply with international standards. However, the US' recent tariff decision appears to overlook realities regarding Vietnam's labour environment and manufacturing practices. According to the Airports Corporation of Vietnam (ACV), after 14 months of construction, the cement concrete pavement for the runway and taxiways has been substantially completed. Contractors are mobilising hundreds of workers and construction equipment to finish the remaining works on schedule. Issued on July 24, Resolution No. 66.23/2026/NQ-CP amends and supplements a number of provisions in the 2022 Law on Anti-Money Laundering and related guiding documents. The revisions focus on key areas, including the definition of beneficial ownership, verification of customer information, transparency of legal arrangements, risk-based customer classification, and the frequency of updating customer information. With Hanoi's overall GRDP growing by 8.2% during the period, the digital economy contributed approximately 1.1 percentage points to the city's economic expansion, underscoring its increasingly substantive role in driving growth rather than remaining merely a policy objective. Sun PhuQuoc Airways (SPA) on July 25 operated its inaugural Singapore - Phu Quoc flight, marking the airline's fourth international route and making it the first full-service carrier to fly directly between two of Asia's most celebrated island destinations. VIS 2025 enabled Nordic businesses to directly explore Vietnamese suppliers while facilitating deeper engagements with management agencies, localities, industry associations, seaports, factories, and logistics partners. The program showed that Vietnam-Nordic cooperation is expanding beyond trade to supply-chain development, investment, logistics, and digital transformation. Viewed from above, Runway No. 2 has taken clear shape within the overall layout of Phu Quoc International Airport. Measuring 3,300 metres long and 45 metres wide, the new runway has been built parallel to the existing one. Its pavement and markings have been completed, and the project is now undergoing final technical inspections. At night, the lighting system has been switched on at full intensity for testing. With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,558 VND/USD, and the floor rate 24,028 VND/USD. VASEP said Brazil had become the fastest-growing market for Vietnamese tilapia, helping drive export growth as global demand for whitefish continues to increase. Copyright, VietnamPlus, Vietnam News Agency (VNA) Editor-in-chief, Mr. Tran Tien Duan.