Minister of Industry and Trade of the Czech Republic Jozef Sikela on September 2 affirmed that Vietnam is currently his country's most important trade partner in the Association of Southeast Asian Nations (ASEAN).

The attendance of Prime Minister Pham Minh Chinh and a high-ranking delegation of Vietnam at the 43rd ASEAN Summit and Related Meetings in Jakarta, Indonesia, from September 4-7 is expected to open up cooperation opportunities, thus helping the two countries to raise the bilateral trade turnover to 15 billion USD in a more balanced direction.

Vietnam is one of the great economic success stories of the past 35 years, having turned some US$450 billion in foreign direct investment (FDI) into major gross domestic product and other gains. The country remains a leading destination for inward FDI, attracting global giants such as Samsung, Intel, LG, Toyota and Lego.

Rice prices in exporting countries, including Thailand and Vietnam, have increased about 20% since India restricted the export of some types of rice, tightening global supply, reported the Voice of Vietnam.

The Japanese government has just announced a new aid package worth 20,7 billion yen ($141 million) to help export businesses affected by the seafood import ban imposed by China recently.

Vietnam’s capital Hanoi is the largest economy of the Northern Key Economic Region (KER) with six other provinces and cities including Hai Phong, Quang Ninh, Vinh Phuc, Bac Ninh, Hai Duong, and Hung Yen.

The consultation workshop "The recommendation for a carbon tax to mitigate the impact of the EU's carbon border adjustment mechanism (CBAM) on Vietnam" was recently organized by the Southeast Asia Energy Transition Partnership Program on August 30.

Many Vietnamese micro, small and medium enterprises have not prioritised the transition to green development due to many limitations such as human resources and access to capital, according to experts.

Vietnamese enterprises have just signed many contracts rice export with high selling price. Rice exports are forecast to set a record high in more than 15 years.

Vietnam’s supporting industries have undergone substantial change and play an important role in global value chains. Notably, these industries hold promising potential, as a majority of businesses operate within the initial stages of the value chain. We offer a comprehensive view of these supporting sectors, spotlighting key industries like electronics and automobiles, which are prioritized by the Vietnam government.