The Vietnam - Israel FTA (VIFTA) was officially signed on July 25, 2023, opening up great opportunities for Vietnamese goods to be exported to the Israeli market.
The Vietnam-Israel Free Trade Agreement (VIFTA) was signed by Vietnam's Minister of Industry and Trade Nguyen Hong Dien and Israel's Minister of Economy and Industry Nir Barkat at the Office of the Prime Minister of Israel in the presence of Mr. Prime Minister of the State of Israel Benjamin Netanyahu and Deputy Prime Minister of the Socialist Republic of Vietnam Tran Luu Quang. Dr. Le Quoc Phuong - Former Deputy Director of the Center for Industry and Trade - Ministry of Industry and Trade emphasized that the signing of VIFTA took place only 3 months after announcing the end of negotiations, this is with the efforts of the Ministry of Industry and Trade
Sharing about this FTA, Dr. Le Quoc Phuong said, our country's consistent policy from past to present is strong integration into the world economy; expand trade and investment relations with all countries.
“The Vietnam-Israel FTA is one of the latest FTAs that we have just signed. It clearly shows our policy of comprehensive and deep integration into the world economy and expanding relations with all economies. At the same time, diversify the import and export markets for our goods. This is a great effort of the Ministry of Industry and Trade in particular and other ministries in general," emphasized Dr. Le Quoc Phuong.
Opportunities for Vietnamese goods:
The signing of the FTA with Israel shows the great efforts of the Government and the Ministry of Industry and Trade in paving the way and opening up opportunities from FTAs.
In order to make good use of this FTA, Dr. Le Quoc Phuong said that businesses must thoroughly understand the market. At the same time, the enterprise's products must meet the standards and technical requirements of the markets. Currently, many FTAs require standards on environment, labor, use of human resources... but all of that, Vietnamese enterprises are still very weak.
In addition, businesses must learn carefully to understand the contents of the FTAs. At the same time, make good use of state support to innovate technology, improve product quality, lower costs...
Enterprises also need to make efforts to improve the localization rate. At the same time, learn to take advantage of the incentives on certificates of origin to make the most of the FTA. Only then can we take advantage of the incentives of the FTA.
After two hot years driven by e-commerce and disruption in sea freight, the air-cargo market in 2025 is slowing as supply and demand gradually normalize, belly-capacity (passenger-aircraft freight space) recovers and trade policies fluctuate. For Vietnamese companies exporting high-value goods, this is the time to re-calculate the “sea-air mix” to optimize cost, time and shipment certainty.
From January 1, 2025, the FuelEU Maritime regulation officially takes effect, requiring ships to reduce their “well-to-wake” greenhouse gas intensity by 2% compared to the 2020 baseline, with targets rising progressively until 2050. As a result, “green” costs—including scarce alternative fuels, compliance fees, verification expenses, and carbon-related surcharges—are now clearly reflected in the invoices issued by carriers and shippers. FuelEU does not mandate the use of any specific fuel. Instead, it allows operators to choose the optimal combination of solutions—such as blended biofuels, LNG/bio-LNG, wind-assisted propulsion, or operational optimization—as long as the required emission intensity is achieved. In practice, on major European trade lanes, many carriers have already begun introducing separate “Green Compliance Surcharges” rather than incorporating all environmental costs into traditional bunker surcharges.
Outside the United States, global demand for Chinese products is hitting new highs. Despite being a major target of U.S. tariffs, China has strengthened its trade relationships across Africa, Southeast Asia, and Europe in 2025. While China cements its role as a global export leader, the U.S. is increasingly shifting its focus toward self-reliance.
On the occasion of Vietnamese Teachers’ Day 20/11, Glotrans Vietnam would like to extend our warmest and most respectful greetings to all teachers, trainers, and everyone who tirelessly dedicates themselves to the mission of imparting knowledge.
Glotrans Vietnam is honored to take part in the FIATA World Congress 2025 – the flagship annual event organized by the International Federation of Freight Forwarders Associations (FIATA). This congress gathers leading organizations, experts, and enterprises in the global logistics and international freight forwarding industry.
Recently, Glotrans Vietnam once again affirmed its capability in the field of Project Cargo transportation by successfully completing a special shipment from Shanghai, China to Cat Lai Port, Ho Chi Minh City.
Company T (Plaintiff – the Insured) entered into an insurance contract with Company B (Defendant – the Insurer). After the insured event occurred, the Insurer alleged that the Insured had violated its obligation to prevent and mitigate losses. The Arbitral Tribunal acknowledged that such an obligation exists but concluded that the Insured did not breach it.
Under the insurance contract, the premium was to be paid in three installments, and in all three, the insured party was late in payment. When a dispute arose, the insurer (Defendant) argued that the insurance contract had terminated before the insured event occurred due to the late premium payment and therefore refused to make an insurance payout. However, the Arbitral Tribunal held a contrary view.
Company Q (Plaintiff – the Insured) and Company B (Defendant – the Insurer) entered into an insurance contract. After an insured event occurred, the parties could not agree on the value of the loss and therefore conducted an assessment. The unilateral assessment conducted by the Insurer was not accepted, while the independent assessment was only partially recognized.
