Trade - Service

Hanoi aims to enhance supervision of food safety and traceability, along with promoting cashless transactions.

The total transaction volume in the Jan-Sep period increased by 37.7% compared to the same period last year.

This year's event will focus on celebrating and raising the status of Vietnamese products, according to the Ministry of Industry and Trade.

The domestic market, estimated to be worth US$180 billion and projected to grow to US$350 billion by 2025, presents an opportunity for Vietnamese goods to gain a foothold domestically.

For Vietnamese companies seeking to trade internationally, the dynamism of global e-commerce offers significant opportunities.

The award ceremony of the competition is part of the 20th Vietnam Craft Village Fair in the city.

Hanoi's companies need to establish production links in the value chain for stable, quality raw material supply.

The fair includes traditional Ao dai (long dress) fashion shows, special products, and tastings.

The fair is the third one held by the Hanoi Promotion Agency and AEON MALL Vietnam in 2024.

Hanoi is expected to organize 60 major trade promotion events this year, including one-sixth abroad.

The global commercial aviation market is expected to grow at an annual rate of about 5%, with Vietnam ranking 5th globally and 1st in Southeast Asia in aviation market growth.

The industrial sector continues to be a primary driver of growth, with external demand for major electronics fueling production.

The event helps promote traditional artisan villages and the consumption of One Commune One Product (OCOP) goods.

Since 2019, the city has certified more than 2,700 OCOP products, making it the national leader.

Thanks to growth in major markets like China, the US, and South Korea, Vietnam’s fruit and vegetable exports are expected to set a new record this year.

Chinese investment has primarily flowed into advanced manufacturing, technology, and professional services sectors.

Hanoi reaffirms its commitment to strengthening market control, especially on online platforms.

Big multinationals from Vietnam, Japan, China, Thailand, and Malaysia will gather at the event, which opened on September 18.

The government is actively engaging in multilateral forums to seek more flexible commitments and regulations that better support Vietnamese businesses.

The big taxpayers include Google, Meta (Facebook), Microsoft, TikTok, Netflix, and Apple.