Vietnam and the US have reached an agreement on illegal logging and timber trade that will avoid hefty tariffs on Vietnamese timber exports, according to the Vietnamese Ministry of Agriculture and Rural Development (MARD).

The Vietnamese National Assembly will create favourable conditions for local and foreign businesses in all economic sectors to invest and do business in the country.

VOV.VN - National Assembly (NA) Chairman Vuong Dinh Hue is set to chair an online working session on the morning of September 30 with a high-ranking business delegation of the US-ASEAN Business Council (USABC), following a request made by Ted Osius, president and CEO of the USABC.

VOV.VN - The nation has a great opportunity to export rice, fruits, along with other agricultural products to the UK, particularly as it is one of the 10 largest markets in the world with an annual food import turnover of up to US$65.5 billion.

The US is a potential market for Vietnamese fruit and vegetable exports thanks to the diverse distribution system along with a 3-million-strong overseas Vietnamese community, according to the Vietnamese Trade Office in the US.

VOV.VN - The nation’s trade ties with the United States have enjoyed impressive growth during 26 years since the normalisation of diplomatic ties, with two-way trade growing from over US$400 million in 1995 to more than US$90 billion in 2020.

VOV.VN - Despite the complicated nature of developments relating to the COVID-19 pandemic, Vietnamese overseas investment during the opening nine months of the year surged by 32.4% on-year to reach US$572.3 million, according to the Ministry of Planning and Investment.

Bamboo Airways’ first flight on its direct route between Vietnam and the US landed in San Francisco, the US, on September 23 (local time) after 13 hours and 36 minutes of nonstop flight.

VOV.VN - Vietnam always considers the US as one of its most important partners with economic, trade and investment cooperation forming the core, State President Nguyen Xuan Phuc told US Secretary of State Antony Blinken.

Deputy Minister of National Defence Sen. Lieut. Gen. Hoang Xuan Chien met with Patrick Leahy, president pro tempore of the US Senate on September 22 (local time) in Washington DC, with their discussion focusing on war-aftermath mitigation projects in Vietnam.