Vietnam, Israel set to launch direct flights in October

By Phan Long
Thu, August 17, 2023 | 10:19 am GMT+7

Vietnam and Israel are poised to open their first direct air service early this October in a follow-up to their free trade agreement (FTA) signed in July.

Vietnam’s low-cost carrier VietJet Air will operate direct flights between Hanoi and Tel Aviv, Israeli Minister of Economy and Industry Nir Barkat told the Vietnam News Agency on Wednesday. He is on a visit to Vietnam to boost bilateral trade and investment cooperation.

Barkat met with Vietnamese Minister of Industry and Trade Nguyen Hong Dien the same day in Hanoi to discuss ways to boost economic and trade relations. The two ministers then signed an agreement for the opening of direct flights.

The deal also allows Israelis to enter Vietnam with electronic visas, and this will take effect immediately. This means there will be no need for visitors to go to the Vietnamese embassy in Tel Aviv to obtain visas.

Both developments aim at further facilitating trade and economic ties between the countries.

The Vietnam-Israel FTA (VIFTA) signed on July 25 is expected to boost trade, investment, and tourism for both sides.

Vietnamese Prime Minister Pham Minh Chinh (right) meets with Israeli Minister of Economy and Industry Nir Barkat in Hanoi on August 16, 2023. Photo courtesy of Vietnam’s government portal.

Vietnamese Prime Minister Pham Minh Chinh (right) meets with Israeli Minister of Economy and Industry Nir Barkat in Hanoi on August 16, 2023. Photo courtesy of Vietnam’s government portal.

Vietnam always attaches importance to Vietnam-Israel relations, Vietnamese Prime Minister Pham Minh Chinh told Barkat in their Wednesday meeting in Hanoi.

Chinh informed Barkat that Vietnam has decided to issue electronic visas to citizens of foreign countries, including Israel, starting on August 15. The PM also appreciated the preparations made by both sides for the launch of the direct air service.

The PM urged the two sides to strengthen the exchange of visits, promote the effective implementation of cooperation mechanisms, effectively implement their new FTA, and initiate negotiations for the signing of cooperation deals in industrial areas.

The Vietnamese leader also emphasized the need for coordination in the organization of trade promotion activities, enhancing the export of flagship Vietnamese products such as agricultural and aquatic products, fruit and vegetables, and processed foods to Israel.

Barkat said his government sees Vietnam as an important partner in Southeast Asia and wishes to strengthen cooperation with the country in all fields.

The Israeli minister added that Israel is working to coordinate with Vietnam to quickly complete the relevant procedures so that the VIFTA can enter into force as soon as possible.

Also in Hanoi on the same day, the Vietnam-Israel Inter-Governmental Committee on cooperation in economy, science, technology and other fields convened its third meeting, presided over by Barkat and Vietnamese Minister of Science and Technology Huynh Thanh Dat.

The signing of the VIFTA has opened up a new chapter and marked a stride in bilateral relations, Dat said, describing the FTA as a driving force for the two sides to increase bilateral trade by 10-15% this year in order to reach $3 billion in the coming time.

Barkat said his country wants to focus on sectors that Israel is strong in, such as high technology, home security, application of Industry 4.0 technology to boost productivity, healthcare, desert technology, agriculture, food, and hi-tech tourism, the Vietnam News Agency reported.

Comments (0)
  • Read More
Vietnam tax authorities collect $169 mln from delinquent taxpayers through exit bans

Vietnam tax authorities collect $169 mln from delinquent taxpayers through exit bans

Vietnam's tax authorities have collected about VND4.3 trillion ($169 million) from 6,500 delinquent taxpayers through exit ban measures so far this year, nearly five times the amount reported in the middle of the year.

Finance - Fri, December 20, 2024 | 10:29 pm GMT+7

French, Chinese EV manufacturers to invest in Indonesia

French, Chinese EV manufacturers to invest in Indonesia

Three global electric vehicle (EV) manufacturers - France’s Citroen and China’s BYD and AION - have committed to establishing EV manufacturing plants in Indonesia, Minister of Industry Agus Gumiwang Kartasasmita has announced.

Southeast Asia - Fri, December 20, 2024 | 6:42 pm GMT+7

Thailand optimistic about export prospects for 2025

Thailand optimistic about export prospects for 2025

With an upbeat export growth projection of about 5% this year, Thailand's Ministry of Commerce and its private sector are optimistic for a further 2-3% growth in 2025, bringing total export value to about $305 billion.

Southeast Asia - Fri, December 20, 2024 | 6:36 pm GMT+7

Philippines imposes temporary import ban on live cattle from Japan

Philippines imposes temporary import ban on live cattle from Japan

The Philippines has imposed a temporary ban on the importation of live cattle and buffalo as well as their products from Japan due to the outbreak of lumpy skin disease (LSD), its Department of Agriculture said on Thursday.

Southeast Asia - Fri, December 20, 2024 | 5:53 pm GMT+7

Malaysia-China trade hits nearly $100 bln

Malaysia-China trade hits nearly $100 bln

Malaysia-China economic ties have continued to strengthen, with bilateral trade reaching nearly $98 billion between January and November, matching the 2023 total trade volume.

Southeast Asia - Fri, December 20, 2024 | 5:51 pm GMT+7

Indonesia to stop importing sugar in 2025

Indonesia to stop importing sugar in 2025

The Indonesian government expressed optimism that the plan to stop importing sugar and several other commodities in 2025 will be implemented due to increased domestic production.

Southeast Asia - Fri, December 20, 2024 | 5:50 pm GMT+7

Major defence industry corporations compete for market share in Vietnam

Major defence industry corporations compete for market share in Vietnam

Major western aerospace companies are competing to capture market share in Vietnam, seeing this as a potential market for military aircraft and helicopters, reported Canada’s aviation news website flightglobal.com.

Southeast Asia - Fri, December 20, 2024 | 5:36 pm GMT+7

Vingroup, Marubeni launches 3.7 MWh battery energy storage system in Vietnam

Vingroup, Marubeni launches 3.7 MWh battery energy storage system in Vietnam

Japan's Marubeni Corporation, through its wholly-owned subsidiary Marubeni Green Power Vietnam Co., Ltd, has begun operating a battery energy storage system (BESS) project in Vietnam.

Energy - Fri, December 20, 2024 | 5:19 pm GMT+7

Vietnam Post turns to online sales of agricultural products to stay competitive

Vietnam Post turns to online sales of agricultural products to stay competitive

State-run Vietnam Post Corporation (Vietnam Post) recently launched nongsan.buudien.vn, an e-commerce platform dedicated to agricultural products, with an aim to tap into the year-end market and the promising potential of this business area.

Companies - Fri, December 20, 2024 | 4:25 pm GMT+7

Hong Kong-based furniture firm Man Wah to invest $50 mln more in Vietnam

Hong Kong-based furniture firm Man Wah to invest $50 mln more in Vietnam

Hong Kong-based Man Wah, among the largest home furnishing producers in the world, will invest an additional $50 million in Vietnam’s southern province of Binh Duong.

Industries - Fri, December 20, 2024 | 4:02 pm GMT+7

Vietnam's property giant Vinhomes shakes hands with Nomura Real Estate

Vietnam's property giant Vinhomes shakes hands with Nomura Real Estate

Vietnam’s leading housing developer Vinhomes and Japan’s Nomura Real Estate Development Co., Ltd have signed an MoU on comprehensive strategic cooperation, aiming to leverage the strengths of both sides to bring international-standard products to the market.

Real Estate - Fri, December 20, 2024 | 2:42 pm GMT+7

2024 – a look back at ups and downs

2024 – a look back at ups and downs

Ngo Dang Khoa, head of markets and securities services, and Vu Binh Minh, associate director of rates trading at HSBC Vietnam offers an insight into Vietnam's economic landscape in 2024 and their 2025 forecasts.

Economy - Fri, December 20, 2024 | 1:21 pm GMT+7

Sweden's Bulten, China's ZJK team up to make micro screws in Vietnam

Sweden's Bulten, China's ZJK team up to make micro screws in Vietnam

Sweden’s Bulten and China’s ZJK Precision Parts will jointly manufacture micro screws in Vietnam, targeting production from 2025, the former said Wednesday.

Industries - Fri, December 20, 2024 | 12:02 pm GMT+7

Japan’s Meiko Electronics to invest extra $300 mln in Vietnam to make printed circuit boards

Japan’s Meiko Electronics to invest extra $300 mln in Vietnam to make printed circuit boards

Meiko Electronics Vietnam Co. Ltd., under Japanese printed circuit board (PCB) manufacturer Meiko Electronics, will invest $300 million more in Hanoi, raising its total investment in the capital city to $800 million.

Industries - Fri, December 20, 2024 | 11:51 am GMT+7

Supply of apartment units in Vietnam may rise 33% next year: expert

Supply of apartment units in Vietnam may rise 33% next year: expert

Vietnam’s property market is expected to see the entry of 35,000-40,000 apartment units in 2025, up 33% from 2024, says Duong Thuy Dung, executive director, head of professional services at CBRE Vietnam.

Real Estate - Fri, December 20, 2024 | 9:23 am GMT+7

Singapore-invested Vietnam SuperPort, Vietnam Post partner in digital logistics

Singapore-invested Vietnam SuperPort, Vietnam Post partner in digital logistics

Vietnam SuperPort and state-controlled Vietnam Post (VNPost) have signed an MoU on developing customized platforms to support small and medium-sized enterprises (SMEs) in exporting goods to Asian markets.

Economy - Fri, December 20, 2024 | 8:17 am GMT+7