The plastics industry is likely to reduce imports of raw materials in the coming years due to increased domestic production, according to the Vietnam Plastics Association.

Taking advantage of European raw materials and technology to produce goods with better quality and deeply participate in the global supply chain is one of the great expectations of Vietnamese businesses when EVFTA enters a new implementation phase.

Việt Nam is continuing to improve its legal system, demonstrating its seriousness in implementing labour commitments in the EVFTA, CPTPP and UKVFTA trade agreements.

Vietnamese enterprises should develop solutions to comply with international labour standards to be able to participate in global support chains and promote export sustainability, experts have said.

The 8th meeting of the Vietnam-Italy Joint Committee for Economic Cooperation was held in Rome from October 17-18.

A Vietnam-Belgium business meeting was held in Brussels on October 18, aiming to create a chance for direct discussions and connections among enterprises of the two countries.

The Vietnamese Embassy in the Czech Republic has recently organised a programme to foster connectivity between Vietnamese and Czech businesses, and introduce Vietnamese products to local residents.

The European Chamber of Commerce Vietnam (EuroCham) announced on October 9 its Business Confidence Index (BCI) for the third quarter of 2023, showing that the BCI has regained its upward trajectory in the period, which offers a glimmer of hope for the Vietnamese business environment after a turbulent year.

A top priority among Vietnamese businesses is to diversify their supply sources, as shown in a recent survey by Vietnam Report, a market research company in Việt Nam.

The reduction in seafood exports is gradually narrowing, seafood processing and exporting enterprises are trying to find opportunities to boost exports in the last months of the year.