High "break the deal" rate

Major players in the retail market are reopening offline stores, casting hopes of a recovery in consumption after difficult months in the first half of this year which forced hundreds of stores to be shut down.

Businesses face many difficulties

The event drew 40 businesses, associations and chambers of commerce of the three North African countries and 40 Vietnamese firms.

Beyond tariff elimination, the EU-Vietnam Free Trade Agreement (EVFTA) offers numerous benefits such as the liberalization of services and procurement, the reduction of non-tariff trade barriers, and the promotion of sustainable development.

Amidst new circumstances and challenges, “scapegoating solves no problem, and trade war, industrial war or tech war produces no winner,” said Xie Feng, Chinese Ambassador to the US in a keynote speech at the sixth US-China Business Forum held in the US on Tuesday (local time).

Vietnam has been working hard to realise the European Commission’s (EC) recommendations on combating illegal, unreported, and unregulated (IUU) fishing for the last seven years. During its on-site visits to Vietnam following the issuance of the “yellow card” warning in 2017, the EC delegation has recognised Vietnam’s positive progress in tackling IUU fishing.

With local businesses taking full advantage of various free trade agreements (FTAs), the leather and footwear industry is projected to fulfill the export goal of between US$26 billion and US$27 billion this year, according to details given by insiders.

The potential for India and Việt Nam to collaborate in textiles, food, pharmaceuticals, and various other sectors is immense, a seminar heard in HCM City on August 26.