Partnership in green transition between China and the United States needs to be consolidated as it creates shared benefits for both countries and serves the global bid for green and low-carbon development, according to a high-level forum held on Monday.

In wood product trade, Japan is one of the five biggest importing countries of Việt Nam in the world with about US$1.5-2 billion each year.

The Biden administration's new tariffs on Chinese electric vehicles and other strategic sectors aim to protect the future of U.S. manufacturing, but they will likely accelerate a shift of Chinese production to Mexico, Vietnam and elsewhere to avoid them.

Vietnam aims to have 2 million firms by 2030 which will contribute 65-70% of gross domestic product (GDP), 32-38% of the total number of jobs, and 98-99% of the total import-export turnover, according to a newly-issued Government action programme to implement the Politburo’s Resolution on building and promoting the role of the contingent of Vietnamese entrepreneurs in the new era.

According to the European Union (EU) regulations, from June 2024, all businesses related to goods exported from Vietnam to the EU must declare data before the goods arrive in the Import Control System (ICS2). If Vietnamese businesses are not aware of these regulations, they may face serious consequences.

Việt Nam aims to have at least three cooperatives in the list of the 300 largest cooperatives in the world.

Secretary of the Communist Party of Việt Nam (CPV) Central Committee and Head of its Commission for Popularisation and Education Nguyễn Trọng Nghĩa urges greater efforts to create a favourable, transparent and fair business environment for the development of a contingent of competent entrepreneurs.

According to the General Statistics Office (GSO), industrial production continues its positive growth pace. The index of industrial production (IIP) in the first four months of 2024 expanded by 6 per cent against that in the same period of 2023.

After upgrading the comprehensive strategic partnership, many US corporations and businesses have come to Vietnam to find investment opportunities as well as affirming to continue increasing investment in Vietnam, especially in fields related to high technology. This is also considered an important foundation for bilateral trade between Vietnam and the US to soon reach 200 billion USD.

Despite its small population, Singapore's coffee imports are relatively large, but Vietnamese exports to it remain modest, leaving ample room for expansion, according to the Vietnam Trade Office in that country.