The European Union should ensure its plans to impose 20% to 35% tariffs on imports of high-carbon goods like steel, iron ore and cement comply with World Trade Organization rules, China said on Thursday, and not overstep agreed global green trade policies.

The Vietnam Trade Office in Canada coordinated with the Canada-ASEAN Business Council and the institute of researching new challenges in economic globalisation (NEME) of Laval University to organise a seminar to evaluate investment potential in Vietnam and the Association of Southeast Asian Nations (ASEAN) region.

Vietnam is China’s biggest trade partner in the Association of Southeast Asian Nations (ASEAN) and the sixth largest in the world, affirmed Vietnamese Minister of Industry and Trade Nguyen Hong Dien.

Vietnam’s coffee sector has not been able to cash in on increased coffee prices due to a lack of product.

An international workshop discussing opportunities to connect and expand markets for Vietnamese exports via cross-border e-commerce partnership with Amazon was jointly held by the Ministry of Industry and Trade (MoIT) and the People’s Committee of Ho Chi Minh City on September 14.

The visit by US President Joe Biden to Vietnam on 10-11 September has resulted in a further significant strengthening of bilateral economic ties, with the signing of the new US-Vietnam Comprehensive Economic Partnership agreement.

Connecting domestic businesses with world giants

Experts from the National Economics University say that Vietnam mainly depends on a few large export markets, so when these countries fall into a crisis period, export activities will be interrupted.

Việt Nam aims to become a major global production hub to meet the demands of the international market with a diverse range of competitively-priced and high-quality products, said an official at an export forum which opened on Wednesday.

Green consumption and environmentally friendly products are trending in many countries. Since then, many regulations and standards from export markets have been applied and strengthened, making it difficult for Vietnamese goods to penetrate and maintain trade turnover.