At the meeting, MPI Minister Nguyễn Chú Dũng expressed confidence that the committee's activities, supported by research institutes and SME associations, will lead to effective joint projects, particularly in high-tech agriculture, food processing, pharmaceuticals, semiconductors, and electronics.

The wind and metocean measurement services and geotechnical desktop study packages aim to ensure the offshore renewable energy import-export project from Việt Nam to Singapore's success by providing accurate and comprehensive data on the natural and technical conditions of the project area.

According to the Vietnam E-Commerce Association’s Vietnam E-Commerce Business Index Report (EBI 2024), the Vietnamese e-commerce market was valued at US$25 billion in 2023, up 25 percent plus from 2022, with online retail sales reaching US$17.3 billion.

Vietnam’s Deputy Minister of Agriculture and Rural Development Hoang Trung met with US Deputy Secretary of Agriculture Hafemeister on August 28 in Washington D.C, as part of his visit to the US to accelerate market access for Vietnamese fruits, enhance plant protection collaboration, and advance sustainable agricultural practices.

Positive dialogue and interaction is seen as necessary between the US and China on finance, trade and economics, instead of resorting to tariffs, said one observer.

High "break the deal" rate

Major players in the retail market are reopening offline stores, casting hopes of a recovery in consumption after difficult months in the first half of this year which forced hundreds of stores to be shut down.

Businesses face many difficulties

The event drew 40 businesses, associations and chambers of commerce of the three North African countries and 40 Vietnamese firms.

Beyond tariff elimination, the EU-Vietnam Free Trade Agreement (EVFTA) offers numerous benefits such as the liberalization of services and procurement, the reduction of non-tariff trade barriers, and the promotion of sustainable development.