Innovation centres have significantly boosted startup activities, fostering a new generation of businesses grounded in intellectual property and capable of competing in global markets.

The United Kingdom and Việt Nam have established a mutually beneficial and robust trade relationship with trade doubling within 10 years. The UK has remained one of the key markets for Việt Nam. Britain’s Trade Commissioner for Asia Pacific, Martin Kent, while on a trip to Việt Nam, spoke with Việt Nam News about bilateral ties at a time when the his country is becoming a member of The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Seafood exports in the first 4 months of 2024, reached 2.7 billion USD, up 6% over the same period in 2023. Many key export products such as shrimp and pangasiusreveals good signs.

Việt Nam has been overly reliant on FDI businesses and the country needs to pivot towards a comprehensive industrial ecosystem to support the development of domestic industries, said industry leaders and policymakers.

According to the 2023 Business Legal Flow Report, released by the Vietnam Chamber of Commerce and Industry (VCCI), the reform and simplification of administrative procedures and cutting costs for businesses, have been strongly promoted.

Quality is a prerequisite to ensure sustainability for durian exports. Accordingly, the Ministry of Agriculture and Rural Development issued many synchronous solutions from technical processes to sanctions to ensure productivity and quality of exported durian fruit, as well as meet the requirements of the importing country.

The geopolitical situation around the world, especially in the Middle East, has been increasingly tense. Export businesses have continued to face difficulties but are gradually finding new directions.

The export value of timber and wood products in Vietnam is estimated to reach over 6 billion USD in the first five months of this year, an increase of 18% over the same period last year, according to General Department of Vietnam Customs.

Indonesia's Coordinating Minister for Economic Affairs, Airlangga Hartarto (left), and South Korea's Minister of Trade, Industry, and Energy, Ahn Duk-geun, meet in Seoul on May 22, 2024.

Malaysia, which is set to assume the ASEAN Chairmanship in 2025, will leverage on the multilateral platform to tackle regional issues, including territorial disputes in the South China Sea, Prime Minister Datuk Seri Anwar Ibrahim said today.