Vietnam’s rice exports rose strongly by nearly 45% in value in the first months of the year, while many enterprises did not have sufficient rice to export, given the increasing global demand for food.

The Vietnamese Embassy in Washington DC working in co-ordination with the strategic consulting firm The Asia Group organized a meeting on May 4 with Vietnamese businesses attending the 2023 SelectUSA Investment Summit.

US and EU continuing to experience high inflation and slowing real estate markets.

The recent removal of bidding rules by the Vietnamese government is expected to accelerate the entry of Korean medical device companies into the Vietnamese market, industry watchers said.

On the global map of herbs, Vietnam is assessed to possess a diverse source and its proportion of rare and precious natural medicinal herbs remain quite high, said Tran Minh Ngoc, deputy head of the Ministry of Health’s traditional medicine management department.

The Government requested to research and simplify administrative processes as much as possible or consider applying priority import and export processes to support businesses in optimizing time and costs.

Over the past few days, many Luxembourg news channels have reported on the official visit to Vietnam by Luxembourg Prime Minister Xavier Bettel from May 3-5, assessing that it will contribute to further strengthening the bilateral relationship in the coming time.

Luxembourg is now Vietnam’s third-largest European investor, with capital totaling some $2.6 billion, according to Prime Minister Pham Minh Chinh.

The National Standardisation Strategy for 2030 has set a target of raising Vietnam’s harmonisation ratio with international, regional and foreign standards to at least 65% by 2025 and 75% by 2030.

Vietnam's businesses need to diversify their products to meet the needs of the Netherlands market to boost exports to this market.