Minister of Industry and Trade Nguyen Hong Dien has affirmed the determination to strengthen trade promotion and export to major markets, optimising free trade agreements (FTA), making full use of opportunities, and actively responding to challenges in 2024.

Multisectoral collaboration has become a rising trend among the Vietnamese business community, especially micro-, small- and medium-sized enterprises thanks to benefits for all parties involved, according to experts.

With no remaining inventory from the previous crop season, many signed contracts are awaiting the new season for delivery, and the predicted harvest volume is declining. These signals indicate that the supply of Vietnamese coffee is likely to be in a tense state in the near future. This not only poses challenges for Vietnamese coffee export businesses but also raises concerns for foreign buyers.

Vietnam will focus on boosting growth, maintaining macroeconomic stability, controlling inflation, and ensuring key balances of the economy in 2024, stated Minister-Chairman of the Government Office Tran Van Son while chairing a regular government press conference in Hanoi on January 5.

The government has urged the United States to restore Generalized System of Preferences (GSP) trade benefits and remove the country from its watch list for intellectual property (IP) enforcement, according to Deputy Prime Minister Phumtham Wechayachai.

China will retain its position as a key global manufacturing hub, as the supply chain diversification moves by certain multinational companies are gradual and limited only to low-end sectors, according to senior analysts and business leaders.

Digital transformation is a new and breakthrough measure to assist in the process of industrialisation and modernisation of the country as well as particular sectors, including logistics, while prompting green transition, according to insiders.

Although Vietnamese rice has been exported to 150 countries and territories, markets for the product are mainly Asian countries and thus need to be diversified, according to experts.

Coconut industry is playing a very important role in the socio-economic development of Vietnam and should be considered an indispensable part of the country's development strategies.

Minister of Planning and Investment Nguyen Chi Dung on July 14 met with representatives of the US government agencies, organisations, businesses, investment funds and large corporations to promote cooperation in innovation and technology; research, exchange experiences and attract resources to building an international financial centre; and promote and attract investment to high-tech projects in Vietnam.