Vietnam views international economic integration, particularly through free trade agreements (FTAs), as a key gateway to connect the country with the world, and bring its economy closer to global standards, Prime Minister Pham Minh Chinh said at the announcing ceremony of the 2024 FTA Index on April 8.
The increasingly extensive international economic integration not only poses various challenges but also opens up great opportunities for Vietnamese businesses. Therefore, the business community hopes that Vietnam's representative agencies abroad will provide consultancy and updates on partners and policies in different countries to help them expand exports and gain a firm foothold in the global market.
Multisectoral collaboration has become a rising trend among the Vietnamese business community, especially micro-, small- and medium-sized enterprises thanks to benefits for all parties involved, according to experts.
The Vietnam International Sourcing 2023, a series of events aimed at connecting international supply chains, kicked off in Ho Chi Minh City on September 13.
Leading Japanese retail group AEON has informed purchasing firms from many countries of the upcoming “Vietnam International Sourcing 2023” to be hosted by the Ministry of Industry and Trade (MoIT). The company seeks capable domestic partners to further engage and develop its value chain.
Vietnam will work to step up international integration in general and international economic integration in particular, significantly contributing to growth model reform towards sustainability, according to a government resolution.
Prime Minister Pham Minh Chinh on May 18 hosted a reception for Director-General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweala, who is on a working visit to Vietnam.
The trend of international economic integration has been opening up many trade opportunities for the Vietnamese business community. However, there are also many scams that cause local firms to suffer heavy losses.
Minister of Industry and Trade Nguyen Hong Dien proposed a number of measures to promote external relations to adapt to the new situation and boost post-pandemic economic development at the National Conference on Foreign Affairs on December 14.
Russian e-newspaper Rusvesna (Russia Spring) on May 26 ran an article highlighting the role played by the Vietnamese National Assembly (NA) in promoting international economic integration and comprehensive strategic partnership with Russia.
Vietnam has been making good use of advantages of the international economic integration process, helping to increase the country’s exports by 22 percent year-on-year and imports by 26 percent in the first quarter of 2021, said Tran Thanh Hai, Deputy Director of the Agency of Foreign Trade under the Ministry of Industry and Trade.
A conference discussing measures to fully tap into opportunities brought about by the EU-Vietnam Free Trade Agreement (EVFTA) and support Vietnamese enterprises in promoting post-pandemic development was held in Hanoi on June 29.
International economic integration has helped An Giang’s key exports such as agricultural and fishery products, as well as frozen vegetables and fruits occupied many major markets like the US, the EU.
The Institute of Southeast Asian Studies (ISEAS) and Fulbright School of Public Policy and Management organised a forum on Vietnam’s business environment in Singapore on November 1, attracting hundreds of experts, scholars and businesspeople.
A fair showcasing handicrafts and products under the One Commune Once Product (OCOP) Programme was held in Hai Duong city, the northern province of Hai Duong on October 26.
Middle-income trap, climate change and international economic integration are posing great challenges to agriculture, farmers and rural areas in Vietnam, Minister of Agriculture and Rural Development Nguyen Xuan Cuong said at a conference held in Hanoi on October 5.
Vietnam made great achievements in international economic integration and connectivity in 2018, Deputy Foreign Minister Bui Thanh Son affirmed in his article on the country’s economic integration and connectivity milestones last year and orientations for the coming times.
The Government of Vietnam persistently pursues the policy of comprehensive integration, with a focus on international economic integration in a proactive, pragmatic and politic manner, Deputy Prime Minister Vuong Dinh Hue affirmed at a forum held in Hanoi on December 4.
The International Economic Integration Forum, themed “Creating favourable trade conditions and increasing enterprises’ competitive ability,” will open in HCM city on November 8.
