Vietnamese enterprises need to make efforts to innovate, proactively improve competitiveness, and participate in new supply chains to boost exports to Asia, said trade official.

Vietnam improved its business environment the most over the past two decades, according to a recent analysis by the Economist Intelligence Unit (EIU).

A conference promoting connection between Vietnamese and Indonesian businesses took place in Tangerang, Indonesia on October 9, bringing together representatives from more than 100 firms of both countries.

VOV.VN - Two-way trade turnover between Vietnam and China fetched US$112.2 billion in the past seven months, up 25% year on year, and if the steady growth is maintained in the coming months, the total trade value is likely to hit US$200 billion by the end of the year, say industry insiders.

Many kinds of Vietnamese fruits are increasingly gaining access to the Northeast Asian market, contributing to fulfilling the 2024 goal of US$7 billion in export value of fruit and vegetables.

The import - export turnover between Vietnam and China is predicted to approximate and even exceed US$200 billion in 2024, driven by strong trade improvement in the first half of the year.

VOV.VN - The recovery of two-way trade between Vietnam and the Republic of Korea has been on the right this year following a stiff fall last year, with the import-export turnover hitting US$38.4 billion in the first six months of 2024.

VOV.VN - Vietnam and New Zealand will deploy bold cooperation measures to raise their two-way trade turnover to US$3 billion by 2026 from more than US$1.32 billion recorded in 2023.

The Ministry of Industry and Trade (MoIT) will continue to focus on and tie into solutions to develop foreign exports, in which Northeast Asia and its prime markets, is one of the focal points.

The cinnamon sector needs to issue a reform strategy to keep Vietnam's position as the world’s biggest cinnamon exporter, which it has held since 2021.