Vietnam ranked 38th out of 169 countries in DHL’s Global Connectedness Index 2020, a single place higher than in 2017.

Vietnam’s honey-making industry is facing a new challenge when exporting to the United States could be subject to a tax rate of up to 412.49%.

The Ministry of Agriculture and Rural Development (MARD) expects to exceed its annual export target for agricultural, forest and fishery products.

There were optimistic signs recorded in exports and foreign direct investment (FDI) attraction in the opening 11 months of the year.

Improving the policy system and legal framework based on international trade practice is one of the important factors for Vietnam to integrate more deeply into the global value chains and attract investment capital from Europe as well as create a level playing field for domestic and foreign enterprises, Ambassador Giorgio Aliberti, Head of the European Union Delegation to Vietnam, has said.

The e-commerce market of Vietnam has expanded strongly in recent years, becoming a popular business method among enterprises and consumers.

Despite negative impacts of the COVID-19 pandemic, Vietnam continues to be an attractive destination for foreign investors, especially those operating in the warehouse sector thanks to its advantage of geographical location and skilled labour force, according CEO of BW Industrial Development JSC Lance Li.

A webinar “Multi-stakeholders Approach – a Key to Successful Circular Economy” was held in Hanoi on November 30, with the attendance of Norwegian Deputy Head of Mission, Mr Jan Wilhelm Grythe, ADB Vietnam Country Director Mr Andrew Jeffries, VEA Deputy Director General Mr Nguyen Hung Thinh.

The US remains a promising market of Vietnam and there remained large room for more exports, Minister Counsellor Bui Huy Son of the Vietnam Trade Office in the US told a consultation session on export to the US held via conference on November 30.

Việt Nam’s foreign trade surged 22.3 per cent year-on-year in the first 11 months of this year to exceed US$599.1 billion, according to the General Statistics Office (GSO).