The green transition has been increasingly implemented by businesses in Việt Nam for the past five years. Although the implementation progress is still relatively slow, with the inevitable motivation to improve the industry's advantages, it is the best time for domestic enterprises to focus on accelerating transformation.

On July 26, after a two-day policy meeting, the Fed announced to raise interest rates by 25 basis points (0.25%). The reference interest rate in the US is currently around 5.25-5.5% – the highest since 2001.

The tax authority estimated that about 112 MNEs in Vietnam would be affected by the global minimum tax if it was applied from 2024.

In the first half of this year, Vietnam's exports of agricultural, forestry and fishery products totaled nearly 24.6 billion USD, down more than 11% against last year. Difficulties are forecast to remain in the second half.

Vietnam has made an important contribution to the operation of ASEAN through initiatives aimed at dealing with challenges and issues occurring in the bloc, such as responding to the COVID-19 pandemic, accelerating the negotiation process for a Code of Conduct in the East Sea (COC), and advocating the five-point consensus on Myanmar.

Vietnam was among top 15 countries subject to anti-dumping duties in the 1995-2022 period, while the Ministry of Industry and Trade (MOIT) initiated investigations into just over 25 cases related to trade remedies during the same period.

The Czech Chamber of Commerce proposed its Government should focus on several key markets, including Viet Nam, while implementing its new export strategy for the 2023-2033 period approved on July 26.

As of July 20, Viet Nam lured US$16.24 billion in foreign direct investment (FDI), up 4.5 per cent year-on-year, according to the Foreign Investment Agency (FIA).

Vietnam’s rice export prices have soared to new records in the wake of India’s ban on exports of white rice, now surpassing US$550 per ton.

According to economist Pham Phu Ngoc Trai, Vietnam's wood processing industry must adjust its vision towards becoming a green and sustainable world furniture supplier.