Representing the voice of the European business community investing in Vietnam, Mr. Juergen Weber, Chairman of the Transport and Logistics Subcommittee of the European Chamber of Commerce in Vietnam (EuroCham), said that in recent times, the Customs sector has been very active in cooperating with international organizations to resolve existing problems, aiming to facilitate trade for businesses.

In supporting micro and small enterprises to accumulate capital and develop business, the Ministry of Finance (MoF) has proposed lowering the tax rate to 15-17 per cent for those with a total revenue of no more than VND50 billion, instead of the current flat rate of 20 per cent.

Green financial capital flows in the international market are substantial, with investors interested in Việt Nam. Nevertheless, Vietnamese enterprises continue to face significant challenges in accessing this capital, experts said.

Chinese overcapacity in industries such as solar panels, electric vehicles and steel has become a contentious issue in global trade, with high levels of production driving exports to low prices and discouraging overseas industries.

Minister of Finance Ho Duc Phoc has led a delegation of the ministry and Vietnamese enterprises on a two-day working trip to Singapore starting August 5, aiming to step up bilateral cooperation in potential fields.

While trade between Bangladesh and Việt Nam has seen remarkable growth, it is restricted to a few products and there is huge potential to boost it by diversifying the trade basket, a bilateral networking event heard in HCM City on August 7.

The expectation being raised at the meeting between NA Vice Chairman Nguyen Khac Dinh and Malaysian Deputy PM Haji Fadillah bin Haji Yusof on August 7.

Sustainable production towards green growth in addition to the escalating pressure from market and partner requirements for sustainable development, greening industrial parks and economic zones to welcome green investment capital is a mandatory requirement.

A business matching between Bangladeshi and Vietnamese enterprises was held in Ho Chi Minh City on August 7, with the aim to boost bilateral trade between the two countries.

Favourable fundamentals have positioned Vietnam as a prime FDI destination, even as it outperforms its ASEAN peers, according to HSBC’s latest report titled “Vietnam at a glance: FDI - Back to the basics”.