Hoàng Đức Vượng, chairman of the Vietnam Recycled Plastics Association, said foreign firms are currently less interested in labour costs as they are getting clean energy and being able to exchange certificates of carbon credits when investing in Việt Nam.

The UAE, which has to import woodwork and wooden furniture products, has need for living room products, which could be worth $1.08 billion. This could be a great opportunity for Vietnam exporters.

Vietnam continues to back up Britain’s entry into a major trade pact, although the exact benefits for members are yet to be fully understood.

Due diligence is the process companies should carry out to identify, prevent, mitigate, and account for these impacts in their operations, their supply chain, and other business relationships.

China will further open its market for Vietnamese goods as economic and trade cooperation between the two nations has a high degree of complementarity and great potential.

Take Vietnam that used to share the same position in export as Bangladesh in 1990. But the country now registers $260 billion export while Bangladesh still hovers around the $40 billion mark

China deposited its instrument of acceptance for the Agreement on Fisheries Subsidies on 27 June, affirming its support for the historic agreement for ocean sustainability as the world’s leading marine fishing producer. Director-General Ngozi Okonjo-Iweala received the instrument from Commerce Minister Wang Wentao in Tianjin, China ahead of the World Economic Forum’s 14th Annual Meeting of the New Champions.

Director of the Administrative Procedures Control Agency Ngô Hải Phan said that the results of simplification of business regulations had not met the Government’s requirements.

Micro, small and medium-sized enterprises (MSMEs) play a significant role in transforming ASEAN towards a circular economy and prepare the region for a sustainable future.

There remained big challenges in Vietnam's exports to China, as the market has been and will continue to impose higher requirements on both export and import standards, said Tran Quang Huy, Director of the Ministry of Industry and Trade’s Asia-Africa Market Department.