According to the Ministry of Agriculture and Rural Development (MARD), Vietnam's total export value of agricultural, forestry, and fishery products in the first seven months of 2024 reached US$34.27 billion.

The EVFTA has strengthened Vietnam’s attractiveness to European investors, and has significantly boosted Vietnam’s exports to Europe.

The Vietnam-Canada Business Association (VCBA) on August 9 coordinated with the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) to organise a seminar in both in-person and online format to support Vietnamese enterprises in accessing the North American and Canadian markets.

Vietnam is looking forward to being recognized as a market economy by the US, which would bring more opportunities to Vietnam’s exports. Many countries have voiced their support of Vietnam.

Developing a socialist-oriented market economy is a cornerstone of Vietnam's renewal efforts. Throughout various Communist Party Congresses, this topic has consistently been a focus, necessitating thorough understanding and action. Vietnam has successfully integrated elements of a market economy and reaped undeniable development achievements.

Representing the voice of the European business community investing in Vietnam, Mr. Juergen Weber, Chairman of the Transport and Logistics Subcommittee of the European Chamber of Commerce in Vietnam (EuroCham), said that in recent times, the Customs sector has been very active in cooperating with international organizations to resolve existing problems, aiming to facilitate trade for businesses.

In supporting micro and small enterprises to accumulate capital and develop business, the Ministry of Finance (MoF) has proposed lowering the tax rate to 15-17 per cent for those with a total revenue of no more than VND50 billion, instead of the current flat rate of 20 per cent.

Green financial capital flows in the international market are substantial, with investors interested in Việt Nam. Nevertheless, Vietnamese enterprises continue to face significant challenges in accessing this capital, experts said.

Chinese overcapacity in industries such as solar panels, electric vehicles and steel has become a contentious issue in global trade, with high levels of production driving exports to low prices and discouraging overseas industries.

Minister of Finance Ho Duc Phoc has led a delegation of the ministry and Vietnamese enterprises on a two-day working trip to Singapore starting August 5, aiming to step up bilateral cooperation in potential fields.