August 1, 2020, marked a significant milestone for Vietnam and the European Union (EU) as the EU-Vietnam Free Trade Agreement (EVFTA) came into effect. Four years on, Vietnam stands tall as the leading ASEAN exporter to the EU, reaping the benefits of a thriving economic partnership that has spurred economic growth, job creation, and consumer access to premium European products.
Implementing the renewal process, Vietnam has transitioned from a centrally planned economy to a market one, while actively and comprehensively integrating into the international community and promoting industrialisation and modernisation, according to insiders.
Refraining from rushing, implementing steps gradually, and maintaining a clear vision are the recommendations that experts give to wood industry enterprises for successful digital transformation.
Vietnam's consumer goods industry currently has the fastest growth rate in the ASEAN region. However, for sustainable development in the future, businesses in the fast-moving consumer goods industry need to aim for green consumption.
Stating that trade disputes have a significant impact on import-export activities of businesses, talking to the press, Mr. Tran Viet Anh, Vice Chairman of the Ho Chi Minh City Business Association, made many recommendations for businesses.
In commercial disputes that are required to be resolved at the Vietnam International Arbitration Center (VIAC), many Vietnamese businesses are suffering disadvantages due to negligence right from the negotiation and contracting.
Nordic countries often map out policies to achieve EU goals sooner than others. Among them, general principles and standards regulating manufacturers' responsibilities for textiles and garments from Nordic countries need to be paid attention by businesses.
A Policy Dialogue on "Enhancing International Cooperation and Multi-sectoral Coordination on Circular Economy in Agriculture" was held in Hanoi on July 8.
Prime Minister Phạm Minh Chính hailed Malaysia as Việt Nam’s major trade and investment partner at a reception in Hà Nội on Monday for Malaysian Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
In the second half of the year, the Ministry of Industry and Trade will continue to innovate trade promotion activities, focusing on promoting digital transformation and connecting local businesses and their products to the Việt Nam trade offices abroad.
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