Trade - Service

The Vietnam E-commerce Association released the 2024 E-Business Index (EBI) report at the Vietnam Online Business Forum 2024 (VOBF 2024) on April 25.

The fair lasts until April 28 at La Ma Square - An Binh City, Pham Van Dong, Hanoi.

Thousands of local and international tourists and business visitors will be in attendance.

In the face of unpredictable volatility, Vietnam's companies are investing in technology, innovation and production to meet the targets they have set themselves, whilst keeping a close eye on market trends.

The Southeast Asian market is growing faster than many other regions worldwide.

Given favorable macroeconomic conditions, combined with the expected rate cut by the Federal Reserve (Fed), the stock market is believed to experience strong growth.

Both sides aim to further promote trade, investment relations, and cooperation in areas of mutual interest, such as agriculture, construction, education, pharmaceuticals, science and technology, among others.

Each district or town will establish at least one center for the creative design, promotion, and sale of One Commune One Product (OCOP) items, linking artisan villages with tourism.

Both sides are expected to build a bridge over the Red River in the border area of Bat Xat, Lao Cai (Vietnam), and Ba Sai, Yunnan (China), among other initiatives.

The measures are aimed at ensuring a stable and efficient gold market.

Businesses from both countries are encouraged to expand their trade and investment activities, to increase bilateral trade to US$25 billion in a more balanced and sustainable way.

Given global uncertainties, policies in 2024 would therefore need to combine short-term growth support measures with long-term structural remedies to promote sustainable growth

Vietnam is targeting $5 billion in rice exports this year. The country currently ranks third in the world in terms of rice exports.

Vietnam needs a plan to build a brand for Vietnamese robusta coffee in foreign markets.

The new Vietnam-Laos trade agreement, which consists of five chapters with 15 articles and five appendices, covers important aspects of trade cooperation between the two countries.

Both sides are expected to set up a joint working group to strengthen cooperation in oil and gas projects.

Given its continued allure for FDI and burgeoning opportunities in renewable energy, the country is well-positioned to attract green investments that can drive sustainable growth.

India's Guest of Honor status demonstrates the close economic relations between the two countries contributed by the increasing presence of Indian businesses in Vietnam and growing trade.

Manufacturing for export is regaining momentum, alongside a promising outlook for long-term foreign direct investment.

Vietnam is an important country for South Korea with abundant resources and development potential, making it an attractive market for construction investment.