The EU-Vietnam Free Trade Agreement (EVFTA) has created new opportunities for Vietnamese businesses, but they still need equip themselves with necessary skills to avoid losses and tap into this deal.

Foreign direct investment (FDI) inflows into Vietnam have gradually recovered with many large-scale investment projects following the COVID-19 pandemic as well as political and economic uncertainties in the world.

Vietnam is the largest cotton importer of Australia with 38.8% of the market share, according to the Australian Trade and Investment Commission (Austrade) which predicted that Vietnam will hold this position in following years.

Vietnamese exporters are facing new difficulties caused by tighter regulations and standards and fierce competition in international markets.

Businesses should carefully study their partners, following a range of trade frauds in Latin America in which Vietnamese firms were victimised, a senior official has said.

Inadequate transport infrastructure and connectivity, and domestic enterprises’ low capacity and slow technology adoption and digital transformation are hindering the otherwise rapidly growing logistics industry, experts have said.

The U.S. concludes that certain steel pipe products from Viet Nam do not circumvent trade remedy measures.

Over the past few weeks, the international rice commodity market has undergone notable volatility.

The total export turnover of textiles and garments in the past 7 months amounted to 22.7 billion USD, down 14% compared to the same period in 2022. Although exports decline, the situation is improving as the downward momentum has narrowed to 14% compared to more than 20% in the first months of the year. To grow quickly, enterprises need to deploy solutions optimising production, actively apply technologies and switch to “green production” to increase market share in major markets.

The embassies of Vietnam, Thailand, Indonesia, the Philippines and Malaysia in Argentina, in coordination with the Argentine Foreign Ministry, held a ceremony in Buenos Aires on August 11 to mark the 56th founding anniversary of ASEAN (August 8).