Vietnam, Turkey eye cooperation in hi-tech parks, EVs, defense industry
High-tech parks, electric vehicles, and the military industry hold high potential for cooperation between Vietnam and Turkey as the two countries look to upgrade their relations.
At a meeting with Turkish Minister of Industry and Technology Mehmet Fatih Kacir in Ankara on November 30, Vietnamese Prime Minister Pham Minh Chinh suggested Turkey explore investment opportunities and share management experience in operating industrial zones (IZs) and high-tech parks in Vietnam.
PM Pham Minh Chinh meets with Turkish Minister of Industry and Technology Mehmet Fatih Kacir in Ankara, Turkey, November 30, 2023. Photo courtesy of Vietnam News Agency.
Both sides could discuss this matter in detail at the upcoming eighth session of the Intergovernmental Committee, Chinh said.
Hailing Turkey as the biggest direct investor from the Middle East in Vietnam, the Vietnamese PM welcomed and pledged favorable conditions for Turkish businesses in the country.
In response, the Turkish minister expressed interest in improving cooperation with Vietnam in areas of his country’s strengths such as IZs, high-tech parks, industry, high technology, automation, the defense industry, automobile manufacturing, and satellite technology.
He suggested stepping up collaboration between Turkish electric vehicle (EV) manufacturers and Vietnamese partners.
At a separate meeting with Turkish Minister of Budget and Finance Mehmet Simsek the same day, PM Chinh reiterated the call for negotiations on a bilateral free trade agreement (FTA), removal of trade barriers for Vietnamese exports, and recognition of Vietnam as a market economy.
PM Pham Minh Chinh meets with Turkish Minister of Budget and Finance Mehmet Simsek in Ankara, Turkey, November 30, 2023. Photo courtesy of Vietnam News Agency.
Chinh also asked the Turkish side to increase the sharing of experience with Vietnam in building fiscal and monetary policies.
For his part, Minister Simsek agreed with cooperation directions set by the PM. He underscored the importance of combining efforts to enhance exchanges through promoting air connectivity, easing visa requirements, and opening branches of commercial banks in Vietnam.
The minister stressed the need to reduce protective measures to facilitate trade cooperation, initiate FTA negotiations to create breakthroughs in bilateral trade, and encourage Turkish enterprises to engage more in infrastructure development investment projects in Vietnam.
Also on Thursday, Chinh visited Turkish Aerospace Industries in Ankara and held a working session with the firm's executives to explore measures to promote bilateral cooperation in the defense industry.
He suggested the two sides explore opportunities to enhance cooperation in a manner that aligns with the needs and capacity of each country, particularly in the field of defense.
After concluding a two-day visit to Turkey on Thursday, PM Chinh and the entourage left Ankara for Dubai, the United Arab Emirates (UAE) to attend the World Climate Summit in the framework of COP28 and conduct bilateral activities at the invitation of the UAE government.
- Read More
Australian CEO detained, NSH Petro’s recovery hopes collapse
The recovery prospects of NSH Petro (PSH) have dimmed after its Australian CEO was detained on allegations of fraud involving false promises of billion-dollar financing that led to the misappropriation of nearly $4.9 million.
Companies - Sat, October 18, 2025 | 6:53 pm GMT+7
Maintaining market status upgrade a bigger challenge: official
Vietnam's stock market status will be upgraded by FTSE Russell from "frontier" to "secondary emerging" from September 21 next year, but continued reform is critical as the bigger challenge is to maintain the new classification, said a market watchdog official.
Finance - Sat, October 18, 2025 | 1:30 pm GMT+7
HCMC partners with Nasdaq to develop int’l financial center
The Finance Department of Vietnam’s southern metropolis Ho Chi Minh City has signed an MoU with the U.S.-based stock exchange Nasdaq on the development of an international financial center (IFC).
Top News - Sat, October 18, 2025 | 11:56 am GMT+7
Vingroup plans $325 mln issuance of international bonds
Vietnam's leading private conglomerate Vingroup (HoSE: VIC) has announced a board of directors resolution to issue $325 million worth of international bonds, with a five-year term and a yield of 5.5% per year.
Companies - Sat, October 18, 2025 | 10:26 am GMT+7
Vietnam raises personal income tax deductions by over 40%
The Standing Committee of Vietnam’s National Assembly, the country's legislature, on Friday approved a resolution on adjusting personal income tax (PIT) deductions, marking a significant increase of over 40% from current levels.
Economy - Sat, October 18, 2025 | 9:11 am GMT+7
EVN subsidiary spreads the spirit of solidarity, compassion
The employees of National Power Transmission Corporation (EVNNPT) came together in an inspiring display of unity and compassion in October, each donating one day’s salary to support and express solidarity with the people of Cuba - a nation that has long shared a special friendship with Vietnam.
Companies - Sat, October 18, 2025 | 9:00 am GMT+7
Property fever prompts tighter inspection in central Vietnam's economic hub Danang
Chairman of Danang city People’s Committee, Pham Duc An, has ordered a comprehensive inspection and audit of land valuation and auction activities to prevent and address market manipulation that could destabilize the local property market.
Real Estate - Sat, October 18, 2025 | 8:00 am GMT+7
Vietnam mulls opening door for private investment in small modular reactors
Vietnam’s Ministry of Industry and Trade has drafted a parliamentary resolution that, for the first time, would allow private companies to participate in the development of small modular nuclear reactors (SMRs).
Energy - Fri, October 17, 2025 | 4:37 pm GMT+7
Kido seeks buyer for remaining 49% stake in frozen food affiliate
Kido Group (HoSE: KDC), a leading food company in Vietnam, has approved a plan to divest the firm's remaining 49% stake in its affiliate Kido Frozen Food JSC (Kido Foods).
Companies - Fri, October 17, 2025 | 4:25 pm GMT+7
Le Ngoc Quang appointed Danang city's Party chief
Le Ngoc Quang, a Party Central Committee member and Party chief of Quang Tri province, has been appointed Party chief of Danang for the 2025-2030 term - the highest position in the city, central Vietnam's economic hub.
Politics - Fri, October 17, 2025 | 4:17 pm GMT+7
T&T Group seeks to reshape north-central Vietnam’s urban landscape with major projects
Multi-sector conglomerate T&T Group is developing a model eco-urban complex in Ha Tinh province and plans to build a massive 236-hectare urban area in neighboring Nghe An, with an aim to reshape north-central Vietnam's urban landscape.
Investing - Fri, October 17, 2025 | 2:44 pm GMT+7
Toyota plans $359 mln plant expansion in northern Vietnam
Toyota Motor Vietnam (TMV) plans to invest about VND9.46 trillion ($359.2 million) in the first phase of its plant expansion project in Phu Tho province.
Investing - Fri, October 17, 2025 | 2:09 pm GMT+7
PVI Insurance sees 9-month profit before tax more than doubling
PVI Insurance has reaffirmed its position as the No. 1 non-life insurer in Vietnam, with total revenue increasing nearly 1.4 times in the first nine months of 2025 and pre-tax profit more than doubling year-on-year - surpassing its full-year targets for both revenue and profit.
Companies - Fri, October 17, 2025 | 9:08 am GMT+7
Vingroup to develop 4,600ha coastal urban project in northern Vietnam
A consortium of Vingroup (HoSE: VIC) and its real estate arm Vinhomes (HoSE: VHM) will develop a 4,600-hectare coastal urban complex in Ha An ward, Quang Ninh province, following local authorities’ approval of a zoning plan.
Real Estate - Fri, October 17, 2025 | 8:30 am GMT+7
Indonesia resumes int’l carbon trading after 4-year hiatus
Indonesian President Prabowo Subianto has issued a new decree to restart international carbon emissions trading after a four-year hiatus.
Southeast Asia - Thu, October 16, 2025 | 9:23 pm GMT+7
Investors seek 2-year delay for $2.56 bln LNG power project in northern Vietnam, citing equipment hurdles
Investors of a $2.56 billion LNG-fired power plant in Hung Yen province have proposed delaying the project’s commercial operation schedule by two years due to difficulties securing key equipment.
Energy - Thu, October 16, 2025 | 9:04 pm GMT+7
