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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Monday, July 7, 2025

Vietnam, Israel conclude FTA negotiations

By T. Huy

Must read

HCMC – After seven years and 12 rounds of negotiations over a free trade agreement, Vietnam and Israel have finally reached a mutually beneficial deal.

The two countries will have to finalize regulatory issues to prepare for the execution of the Vietnam-Israel Free Trade Agreement (VIFTA), expected to take place this year.

The Vietnam News Agency reported that the Ministry of Industry and Trade (MOIT) and the Israeli Ministry of Economy and Industry had officially announced the conclusion of VIFTA talks.

As bilateral trade between the two countries has been growing strongly, VIFTA will benefit both Vietnam and Israel.

Minister of Industry and Trade Nguyen Hong Dien proposed strengthening the coordination between ministries, departments, industries and businesses of the two countries to boost trade and investment ties.

Israeli businesses are encouraged to invest in Vietnam in sectors such as industry, hi-tech agriculture, materials, information technology, green production and infrastructure development, said the minister.

The Israeli Minister of Economy and Industry, Nir Barkat, is committed to enhancing trade promotion and creating favorable conditions for businesses of the two countries to step up trade and investment cooperation as soon as VIFTA comes into force.

Data from the Ministry of Industry and Trade’s portal showed that Israel is one of Vietnam’s most important trade partners as this country was the third largest buyer and the fifth trade partner of Vietnam in West Asia.

Last year, two-way trade between Vietnam and Israel reached US$2.2 billion, of which Vietnam’s exports to Israel accounted for US$785.7 million.

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