Departments

Introduction

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    The Israeli Economic and Trade Mission under Israel’s Ministry of Economy is responsible for connecting, promoting and consolidating the economic and trade relation between the two countries. Its main tasks are supporting Israeli business community to find appropriate partners in Vietnam; arranging meetings and visits of Israel companies/ organizations with Vietnamese ones and providing –in depth information about business opportunities and environment of Vietnamese market to Israeli companies. The Economic and Trade mission also supports any Vietnamese companies/ organizations who want to find partners in Israel by providing relevant information and contact details. The trade mission focuses some main sectors where Israel has its most advantages, namely high-tech agriculture, high tech, water, energy,  cyber security, IT, food and beverage and education, social innovation, etc.

    Total trade between Vietnam and Israel reached 2.3 billion USD in 2015, of which, exports from Israel to Vietnam was 1.7 billion USD and imports into Israel from Vietnam was 555 million USD. The Y-O-Y increase was 93%.

    In 2015, some main export items from Israel to Vietnam were live animals, animal products; non-metal mineral product; precious stones and metals and machinery, etc. Whereas, main import items into Israel from Vietnam were chemical products; paper and paper products. (http://itrade.gov.il/vietnam/2016/03/17/cap-nhat-thong-tin-ve-kim-ngach-thuong-mai-song-phuong-giua-israel-va-viet-nam/)


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    Israel and Vietnam have signed several trade-related agreements as follows:

    1/ Framework agreement of economic, science, technical, agriculture and trade cooperation (1996)

    2/ Tourism cooperation agreement (1996)

    3/ Agriculture cooperation agreement (1997)

    4/ Agreement on trade and economic cooperation (8/2004)

    5/ Agreement on air transport cooperation (6/2007)

    6/ Financial protocol (2007).

    7/ Agreement on the avoidance of double taxation

    (https://vi.wikipedia.org/wiki/Quan_h%E1%BB%87_th%C6%B0%C6%A1ng_m%E1%BA%A1i_Israel_-_Vi%E1%BB%87t_Nam)

    On March 2016 both countries held the first round of negotiations towards a Vietnam- Israel Free Trade Agreement (VIFTA)

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    For more information regarding the Israeli's economy and the trade relation between Vietnam and Israel, please contact:

    The Economic and Trade Mission of Israel in Vietnam

    Tel: Hanoi :+844 3843 3140  / HCMC: +848 62999 192

    Email: vietnam@israeltrade.gov.il

    Website:http://itrade.gov.il/vietnam/

    Facebook: https://www.facebook.com/VietnamIsraeltrade/

    Linkedin: Israel Economic & Trade Mission in Vietnam​

     
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  • Economic & Trade Affairs

    • The bilateral trade between Israel and Vietnam is growing steadily, reflecting a growing mutual interest of both business and industrial sectors.