Vietnam is currently a major producer of agricultural products, an achievement greatly attributable to science and technology, according to the Ministry of Agriculture and Rural Development (MARD).

The EU-Vietnam Free Trade Agreement (EVFTA) has helped accelerate the recovery of Vietnam’s exports to the EU, especially in the first two years since it came into effect in 2020, yet the impact is somewhat less positive in the third year, according to a report released by the Central Institute for Economic Management (CIEM) on October 27.

The plastics industry is likely to reduce imports of raw materials in the coming years due to increased domestic production, according to the Vietnam Plastics Association.

Taking advantage of European raw materials and technology to produce goods with better quality and deeply participate in the global supply chain is one of the great expectations of Vietnamese businesses when EVFTA enters a new implementation phase.

Việt Nam is continuing to improve its legal system, demonstrating its seriousness in implementing labour commitments in the EVFTA, CPTPP and UKVFTA trade agreements.

Vietnamese enterprises should develop solutions to comply with international labour standards to be able to participate in global support chains and promote export sustainability, experts have said.

The 8th meeting of the Vietnam-Italy Joint Committee for Economic Cooperation was held in Rome from October 17-18.

A Vietnam-Belgium business meeting was held in Brussels on October 18, aiming to create a chance for direct discussions and connections among enterprises of the two countries.

The Vietnamese Embassy in the Czech Republic has recently organised a programme to foster connectivity between Vietnamese and Czech businesses, and introduce Vietnamese products to local residents.

The European Chamber of Commerce Vietnam (EuroCham) announced on October 9 its Business Confidence Index (BCI) for the third quarter of 2023, showing that the BCI has regained its upward trajectory in the period, which offers a glimmer of hope for the Vietnamese business environment after a turbulent year.