Economic cooperation and trade has been a bright spot in the overall relations between Vietnam and China over the past 15 years since the two countries set up their comprehensive strategic cooperative partnership.

A Vietnam-Africa policy dialogue workshop on South-South cooperation to support food system transformation took place in the Mekong Delta province of Hau Giang on December 12, as part of the ongoing Vietnam-Hau Giang International Rice Festival 2023.

Việt Nam has become a promising destination for international retailers as the size of the market has surpassed US$180 billion, according to industry experts and insiders at a forum organised by the Ministry of Industry and Trade (MoIT) on Monday in Hà Nội.

Minister of Industry and Trade Nguyen Hong Dien on December 12 held a working session in Hanoi with Cambodian Minister of Commerce Cham Nimul and Minister of Industry, Science, Technology and Innovation Hem Vandy, on the occasion of an official visit to Vietnam by Cambodian Prime Minister Hun Manet.

While Việt Nam has admittedly gained momentum in agricultural exports in recent years, which rose to a record US$53.22 billion in 2022, many of its food processing companies have reportedly lost out to competitors due to their slow implementation of sustainability commitments.

There is just over a month left until the end of 2023, but the overall picture of Vietnam's seafood exports is still not brighter as export turnover in many main markets has not yet been able to recover. Low market demand, inflation, rising inventories, people tightening spending, and conflicts in Eastern Europe and the Middle East are factors affecting seafood exports this year and are forecast to continue to 2024.

Vietnamese businesses are owing to many opportunities to take advantage of cooperation with the Eurasian region. However, to concretize these opportunities, especially amid the global economic instability, businesses must take full awareness to capture market information, update regional policies as well as optimize marketing solutions, payment, and transportation.

Nvidia wishes to establish a base in Vietnam as it views the Southeast Asian nation as its home, President and CEO of the US chip giant Jensen Huang told Prime Minister Pham Minh Chinh at their meeting in Hanoi on December 10.

Domestic firms should transform to adapt to the green and sustainable development requirements of the EU to further enter the supply chain in this market, heard a recent trade forum.

Although the export picture of the fisheries industry is improving in 2023, there are still many difficulties. These difficulties are expected to last from now until the end of the year and into 2024.