The instability and uncertainty of the global economy was at the highest level in many years, which were significantly affecting the macroeconomic stability and growth prospects of Việt Nam.

The EU - Vietnam Free Trade Agreement (EVFTA), which came into force three years ago, has offered tremendous opportunities for Vietnamese agricultural exporters to find markets for their high-quality products.

Free trade agreements play a vital role in global trade by expanding market access through the reduction or elimination of tariffs among participating nations. These agreements substantially reduce the cost of goods and services for both consumers and businesses, fostering heightened trade and spurring economic growth. It is important to recognize that FTAs are intricate arrangements that wield significant influence over the economies involved.

Việt Nam's furniture market has been said to be among some of the fastest growing in the Asia Pacific region, attracting major international brands to enter the country in recent years, said industry experts.

The slow recovery of the world economy, high inflation in many countries, and a decline in purchasing power have had a strong impact on Vietnam's production and export activities.

The Vietnamese Ministry of Industry and Trade held a conference on Friday afternoon, in which global retail giants such as Uniqlo, Aeon, and Amazon put forward a host of recommendations to help Vietnamese exporters engage more deeply in global production and supply chains.

With the advantages of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), along with less competitive pressure compared to other major markets, seafood exports to the CPTPP bloc have had positive results. than in the first half of 2023.

The State will remove difficulties to achieve the export target of timber and forest products this year, Nguyễn Quốc Trị - Deputy Minister of Agriculture and Rural Development said at a recent conference on processing and export of wood and forest products in 2023 held in Bình Dương Province.

Thanks to incentives under the EU-Vietnam Free Trade Agreement (EVFTA), Vietnam has emerged as an appealing destination for enterprises from the European Union (EU) in general and Northern Europe in particular, Vietnam’s Trade Counsellor in Sweden and Northern Europe Nguyen Thi Hoang Thuy has said.

The world economy and Vietnam’s economy are expected to continue facing a host of issues for the foreseeable future so it is necessary to identify and take appropriate measures, analysts told the Vietnam Wealth Advisor Summit (VWAS) 2023 on August 8, with the theme “Swimming in the Vortex”.