Business

Key discussions focused on the scope and target subjects, the position and role of the private sector, tasks and solutions—particularly legal mechanisms and policies for private sector development.

The approved plan designates the zone as a high-tech hub for forestry, focusing on the application of advanced research and development (R&D) achievements.

The Ministry of Construction has approved the adjustment of the airport planning.

Bilateral trade turnover between the two countries reached approximately $81.5 billion in 2024, reflecting a 7.3% increase compared to 2023.

Compared to other rice-exporting countries such as India, Pakistan, Thailand, and Japan, Vietnam retains a competitive edge in the Philippines' rice market.

By 2030, Hai Phong envisions a network of ecological and smart industrial parks.