Foreign companies are abusing preferential treatments from free trade agreements (FTAs) between Vietnam and its partners for illegal transshipment.

By fulfiling certain criteria, some foreign investors would receive special treatment, said Minister of Planning and Investment Nguyen Chi Dung.

What companies in the supporting industries need most at the moment is the connection with customers, said an official of the Vietnam Association for Supporting Industry.

"We all have a responsibility to continue building the ties of trust and friendship that ground our relationship, from security cooperation and health to business and people-to-people ties," says US Ambassador to Vietnam Daniel Kritenbrink.

The grant will help Fulbright University Vietnam pursue its goal of achieving international accreditation.

The implementation of the National Single Window helps save costs for enterprises for almost all procedures compared to the previous traditional approach.

Hanoi has remained firm in the top 10 business-friendly localities in Vietnam while other provinces and cities are pushing hard to stay competitive in the eyes of the business community.

Although Hanoi's ranking stayed unchanged at ninth, its PCI score has improved from 65.4 to 68.8, showcasing strong efforts from the local authorities towards administrative reform.

So far, the US CDC has worked with Vietnam's health agencies for the fight against coronavirus and it plans to open a representative office in Vietnam.