Vietnamese businesses operating in support industries have been developing in both quantity and quality in recent years, with improved production capacity and increasing engagement in global production chains.

Despite the COVID-19 pandemic’s disruptive impact on retail and consumption, multi-level marketing (MLM) activities have been blossoming, with steady improvements in quality and earning growing trust from customers.

The signing of the Regional Comprehensive Economic Partnership (RCEP) shows the rest of the world that signatory countries believe in open and rule-based trade, Iman Pambagyo, Chief of the RCEP Trade Negotiating Committee of ASEAN, has said.

VOV.VN - The nation will contribute US$100,000 to ASEAN’s COVID-19 fund, while it has pledged to contribute US$5 million worth of medical supplies to the Regional Reserve of Medical Supplies, said Prime Minister Nguyen Xuan Phuc at the 37th ASEAN Summit held in Hanoi on November 12.

ASEAN Korea Center (AKC) Secretary General Lee Hyuk has appreciated the role of Vietnam in ASEAN and as ASEAN Chair this year as well as the prospects of ASEAN-RoK ties in the future in an interview given to the Vietnam News Agency on the threshold of the 37th Summit and related summits scheduled for November 12-15.

VOV.VN - There remains plenty of room for local firms to fully tap into the various Francophone markets throughout Africa due to the large market potential of the 32 countries, coupled with the time-honoured friendship that exists between Vietnam and French-speaking countries in Africa, according to insiders.

Although the COVID-19 pandemic has interrupted the global supply chain and hurt regional economies, it may become a driving force for the signing of the Regional Comprehensive Economic Partnership (RCEP), said Chheang Vannarith, President of the Cambodian-based Asian Vision Institute (AVI).

VOV.VN - The Vietnamese economy looks set to benefit from joining new generation free trade agreements (FTAs) which will have a great impact on the expansion of the local import-export market and new online business models.

ASEAN Today, a website based in Singapore, on October 26 ran an article entitled “Vietnam launded for efforts to combat illegal fishing”, hailing the country’s efforts in this sphere.

VOV.VN - Along with tariff incentives brought about by the implementation of the EU-Vietnam (EVFTA), local businesses have been advised to enhance their capacity to join new supply chains as a means of fully tapping into opportunities presented by the trade pact, according to insiders.