The Vietnamese Embassy in Cambodia in coordination with the Ministry of Industry and Trade (MoIT)'s Asia–Africa Market Department held a trade forum in Phnom Penh on June 7, which brought together more than 100 businesses of the two countries.
The total import and export turnover in the first three months of 2023 was recorded at US$150 billion, significantly lower than the set target of over $200 billion, raising concerns among authorities and businesses.
State President Nguyen Xuan Phuc shared major requirements/characteristics of trade and investment activities in the new period, including ensuring a fair, transparent and effective international trading system that is regarded as a criticality in the global “playing ground”.
The Department of Livestock Production under the Ministry of Agriculture and Rural Development on July 17 said that Vietnamese businesses have been importing breeding pigs from Thailand, Canada, the US and Taiwan (China) with half of the import coming from Thailand.
Many companies based in China, especially the heavily industrialized city Wuhan, had to close their production of raw materials since the nCoV, which raises fear among Vietnamese business owners of raw material shortage, and essentially messed up workflow and discontinued assembly lines.
The logistics market has become more vibrant in recent times with large merger and acquisition (M&A) deals between Vietnamese businesses and foreign investors who have strong financial and technological potential, especially those from Japan and the Republic of Korea.
BigC pledged to resume goods order from 50 Vietnamese garment firms, said Deputy Minister of Industry and Trade Do Thang Hai at a press conference on the supermarket chain’s abrupt halt of buying garment products from many Vietnamese firms in Hanoi yesterday afternoon.
Reports from Kaspersky Lab in Vietnam show that in the beginning of 2019, Vietnamese companies are actively investing in information security (IS), especially related to Business-to-Business (B2B) type.
Prime Minister Nguyen Xuan Phuc visited the Vietnamese permanent representative delegation to the UN and met Vietnamese entrepreneurs and intellectuals on May 29 (local time), as part of his official visit to the US.