Over 100 businesses in the United States operating in the fields of finance, energy, technology, e-commerce, health care, and insurance participated in a teleconference to seek greater investment opportunities in ASEAN and Vietnam.
Malaysia could become one of the biggest export markets in ASEAN for Vietnam, especially in the post-pandemic period, a city official said at a meeting in HCM City on July 16.
An online conference on business and investment opportunities for Belgian firms in Vietnam was jointly held by the Belgium – Vietnam Alliance (BVA) and the Belgian- Luxembourg Chamber of Commerce (Beluxcham) in Vietnam on July 13 in Brussels.
Southeast Asia was the first region in the world to be affected by COVID-19 due to its geographic proximity and close trade relations with China, where the outbreak began.
Vietnamese goods are likely to face intense competition once the EU-Vietnam Free Trade Agreement (EVFTA) takes effect in early August, economists have forecast.
With the successful control of COVID-19, Vietnam has been widely recognised by the international community as a safe and attractive investment destination.
From the beginning of the year until now, fruit and vegetable exports to China have dropped sharply then exports to other major markets such as the US, South Korea and Thailand back in the opposite direction increases sharply, even with the market increase of more than 200%.
The recent ratification of the EU-Vietnam Free Trade Agreement (EVFTA) by the National Assembly has created a window of opportunity for Vietnamese farm produce, especially rice, to enter the European market. To fully take advantage of the trade deal, however, Vietnamese producers must improve the quality of their produce.
The State should develop solutions to reduce high logistics costs in trading agricultural products to improve the competitiveness of Vietnamese farm produce on the market, according to experts.
The Ministry of Industry and Trade (MoIT) will focus on removing difficulties in industrial sectors in the second half of this year, especially the processing and manufacturing industry, to expand production and business.
| The site is done with the technical support of the project BWTO |
