Three years after the effective date of the EVFTA (August 1, 2020), Vietnam's general exports to the EU grown considerably. However, exports of agricultural, forestry and fishery products have failed due to technical barriers.

The Ministry of Industry and Trade (MoIT) has set a target to increase the cashless payment ratio in e-commerce, especially e-payments through payment intermediaries or applications, to 50% by 2025.

Exports and investments will continue driving Vietnam's economic growth in the remainder of this year, helping the nation realise the growth target of 6-6.5%, according to insiders.

About 53% of 880 corporate respondents are prioritizing growth in Vietnam over the next two years to capitalize on opportunities as the country has shown impressive economic resilience, the latest HSBC survey has found.

The OCOP products still have many limitations that affect their market recognition and competitiveness.

The historic Vietnam visit by US President Joe Biden and the upgrade of bilateral relationship to a comprehensive strategic partnership will create unprecedented opportunities to promote new and breakthrough cooperation areas, and to build Vietnam’s capacity to truly join the global value chains, said Minister of Industry and Trade Nguyen Hong Dien.

According to the General Statistics Office of Vietnam and the Ministry of Industry and Trade, the US remained Vietnam's largest export market with an estimated turnover of US$62.3 billion in the first eight months of 2023.

China-Vietnam trade turnover reached nearly $104 billion in the first eight months of the year, according to Vietnam’s General Statistics Office.

As many as 150 economic experts, and representatives from ministries, sectors, and localities, financial investment funds and businesses of Switzerland and Vietnam gathered together at a seminar on Vietnam - Switzerland cooperation in trade, investment and technology in Zurich on September 8.

One of the biggest difficulties local firms encounter when they export products to Australia is the strict import requirement set by the Australian side, while the wide gap of technology has made it hard for Vietnamese firms to meet tough standards, Son said.