Ho Chi Minh City Emerges as Global Sourcing Hub Amidst Growing Demand

Green transition across the seafood supply chain, from farming to processing and distribution, has become a global imperative, said To Thi Tuong Lan, Deputy Secretary-General of the Vietnam Association of Seafood Exporters and Producers (VASEP). Reliance Retail's presence at VIS 2026 will not only create new opportunities to expand exports to India but also enable Vietnamese companies to integrate more deeply into the supply chain of one of Asia's largest multisectoral conglomerates. The PM called on the business community, business associations and the Vietnam Chamber of Commerce and Industry (VCCI) to strengthen self-reliance, innovation and competitiveness by improving governance, adopting advanced technologies, enhancing product quality and using capital more efficiently. VAAS Director General Nguyen Hong Son stressed that advances in science and technology, including climate-resilient rice varieties, improved water management, mechanised sowing, straw management, digital monitoring and carbon finance, are creating opportunities for transformation. Held under the theme “Tech Empowered, Future Equipped”, the event underscored the group's strategy to accelerate green development, digital transformation and international cooperation while highlighting opportunities for deeper industrial collaboration with Vietnam. With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,536 VND/USD, and the floor rate 24,008 VND/USD. The fleet expansion comprises 10 aircraft from SMBC Aviation Capital, four from Avolon Aerospace Leasing Limited and five from Phoenix Aviation Capital managed by AIP Capital. Messer sees significant potential in Vietnam’s large-scale industrial plants, Grandpierre said, adding that investing in rooftop solar systems to produce low-emission hydrogen from the outset is also a step toward gradually developing Vietnam’s hydrogen economy. According to the State Bank of Vietnam (SBV)’s Region 2 Branch, remittances transferred through credit institutions and economic organisations totalled 2.03 billion USD in the second quarter, up 1.4% from the first quarter but down 27.9% from the same period last year. The CPTPP has evolved beyond tariff reductions into a broad framework covering goods, services, investment and digital trade. Its success, however, ultimately depends on businesses' ability to turn commitments into new investment, stronger supply chains and innovative business models. Khanh Hoa has positioned itself as the renewable energy industrial and service hub for the south-central and southern regions. Its economic development strategy identifies four key growth drivers, all built on the foundation of the marine economy. Türkiye’s target of lifting total exports of goods and services to more than 400 billion USD in 2026 could create additional opportunities for Vietnamese agricultural products, food and beverages, said Ta Manh Cuong, director of the Trade and Investment Promotion Support Centre. Diederik Van Wersch, Chainalysis' ASEAN Regional Director, noted that Vietnam has a high level of crypto asset adoption, offering significant opportunities for innovation while creating greater demands for oversight and risk management. Customs data showed Vietnam exported 1.7 million tonnes of fertiliser worth 933 million USD in the six-month period, marking year-on-year increases of 52% in volume and 107% in value. One of the most notable successes is the premium Hoa Phuong Do (Flamboyant Flower) train operating between Hanoi and Hai Phong city. Since entering service in May 2025, the train has completed nearly 3,000 trips and carried around 1.33 million passengers. Paul Geaney, President and Chief Commercial Officer of Avolon, noted that among the region’s top 10 aviation markets, Vietnam recorded the fastest growth over the past decade, with a remarkable increase of 121%, which he described as extraordinary. The State Bank of Vietnam set the daily reference exchange rate at 25,260 VND/USD on July 22, unchanged from the previous day. The campaign aims to enhance public awareness, increase patrols and inspections, and prevent illegal fishing activities, while protecting marine resources and ensuring that no local fishing vessels violate foreign waters. After August 19, Lien Khuong is expected to handle an average of 36–40 flights and around 6,800 passengers per day, nearly 1,000 more than before its temporary closure for repair and upgrade since March. A Czech diplomat described the arrival of the first container as the successful outcome of a long and complex market-opening process involving years of negotiations, regulatory approvals and close cooperation between Czech and Vietnamese authorities. In a recently released report, Vu Binh Minh, CFA, Associate Director, FX Trading, Markets and Securities Services at HSBC Vietnam, said Vietnam’s economy has built a relatively favourable position in the first six months of the year with GDP expanding 8.18% – the highest first-half growth rate in recent years – as key growth drivers have operated in tandem. QTSC and the Singapore Semiconductor Industry Association (SSIA) signed a memorandum of understanding (MoU) to connect Vietnam's semiconductor ecosystem with Singapore's semiconductor business network and the wider region. Copyright, VietnamPlus, Vietnam News Agency (VNA) Editor-in-chief, Mr. Tran Tien Duan.