Balancing the factors of ensuring trade security and facilitating trade is a new requirement for the Customs agency in the trend of global trade liberalization. A very important issue today is how to correctly forecast trends in trade and investment relations to accurately plan, directions and determine appropriate international cooperation priorities.

The Economic and Science Promotion Agency of Gyeonggi-do province of the Republic of Korea (RoK) announced on June 5 that it has completed a pilot project to support businesses from northern provinces and cities in connecting with Vietnam.
 

Vietnam has many regional specialties, but sales are often through consignment companies that buy and then export across the border. Cross-border electronic commerce (e-commerce) can help direct manufacturers and small manufacturers participate directly in exporting. Mr. Nguyen Van Thanh, Director of the Center for E-commerce Development (Department of E-Commerce and Digital Economy, Ministry of Industry and Trade) said that to improve export capacity through e-commerce, many training activities, equipping skills and knowledge for businesses will continue to be deployed.

The rice trade between Vietnam and the Philippines is forecast to remain steady in the near future, according to the Vietnam Trade Office in the Philippines.

Việt Nam has transformed itself to emerge as a major global production hub capable of supplying a wide range of products at competitive prices and with improving quality, Deputy Minister of Industry and Trade Phan Thị Thắng said at the Export Forum on Connecting International Supply Chains in HCM City on June 6.

Deputy Minister of Agriculture and Rural Development Hoang Trung on June 6 held talks with Zhao Zenglian, Vice Minister of the General Administration of Customs of China (GACC), in a bid to enhance the countries’ agro-forestry-fishery trade.

China’s export boom goes far beyond the high-tech industries that are in Western crosshairs, leaving Beijing at risk of a backlash from countries that have so far preferred to sit on the trade-war sidelines.

The US's recognition of Vietnam as a market economy will help expand business opportunities for Vietnamese businesses. In particular, with the growing trade flow between the two countries, exports to the US are more favorable.