Vietnam’s economy is forecast to exceed US$505 billion by the end of 2025, placing the country among the world’s 30 largest economies, according to projections by the World Bank.
Product identification and traceability remain the two pillars of modern market management, Tran Huu Linh, Director General of the Department of Domestic Market Management and Development under the Ministry of Industry and Trade, said at a conference on October 9 on enhancing the value of Vietnamese products.
VOV.VN - The Ministry of Industry and Trade, in coordination with relevant agencies, hosted a forum in Hanoi on October 9 to emphasise the critical role of identification and traceability technology in enhancing the competitiveness of Vietnamese products in both domestic and international markets.
The first-ever Vietnamese Goods Week in France’s Grand Est region opened at the Carrefour hypermarket in Verdun city on October 1, marking the first time a Vietnamese trade and cultural promotion activity has been held in this borderland area, far from Paris.
The Vietnam-Cambodia Business Association (VCBA) organised its first congress in Phnom Penh from September 28-29, discussing measures to bolster bilateral trade cooperation and strengthen Vietnamese goods’ presence in the neighbouring country.
Prime Minister Pham Minh Chinh has signed an official dispatch on strengthening measures to stimulate domestic consumption, towards achieving the national economic growth target of over 8% in 2025 amid slowing global trade and investment and rising risks affecting national socio-economic development.
Vietnam remains one of the countries with the largest number of booths at the 22nd China - ASEAN Expo (CAEXPO), which is taking place in Nanning, Guangxi, China, from September 17 – 21.
The Minister of Industry and Trade has approved a programme to promote the domestic market, stimulate consumption and accelerate the campaign of Vietnamese people prioritising Vietnamese goods for the 2025–2027 period, with an emphasis on optimising artificial intelligence (AI) in the Vietnamese goods supply-consumption system.
VOV.VN - Cross-border e-commerce offers Vietnamese businesses great opportunities to reach the global market, but they still face major hurdles such as dependence on foreign platforms, weak logistics, limited legal knowledge, and poor control over customer data.
Goods traceability is not only a filter to prevent counterfeits and substandard products but also acts as a "digital passport" for Vietnamese goods to reach international markets.