Vietnamese Ambassador to Germany Nguyen Minh Vu has briefed German businesses on Vietnam’s economic development and potential for companies in Baden-Württemberg State’s Karlsruhe city to invest in Vietnam.

Vietnam–U.S. trade could reach $100 billion for the first time this year, up 221 times against the figure in 1995 when the two countries first established diplomatic relations.

The import demand of the market has also begun to increase rapidly because of the control of the COVID-19 pandemic.

Financing public investment to generate future growth and to speed up economic recovery post-COVID-19 remained Vietnam's most important challenge in the near future.

Global goods trade is slowing after a sharp rebound following the initial shock of the COVID-19 pandemic.

Trade remedies should be utilised more and in a more effective way to ensure fair competition and protect domestic production in the context of Vietnam’s deeper integration into the global economy through joining more free trade agreements (FTAs), according to experts.

The broad international convergence around a new economic framework is significant, because for decades, there has been a similar convergence in the opposite direction: international policymakers privileged trade openness and volume above all, seeking to deregulate markets and support the market-oriented rules of the World Trade Organization

Countries yet to ratify the African Continental Free Trade Agreement (AfCFTA) have been urged to do so.

The Vietnam Institute of Economics (VIE) on November 16 held a webinar named “Blue economy: Opportunities, challenges and solutions for sustainable development”, aiming to seek ways to develop the sea-based economy, build the blue economy, and ensure harmony between socio-economic development and environmental protection.

Vietnam will need about 313 trillion VND (13.7 billion USD) to develop a modern seaport system between now and 2030, and the funding will mostly come from non-budget sources.