The event is part of the Hanoi Concentrated Promotion Program 2024, held in May, July, and November, attracting up to 2,000 businesses.

The "Most Popular Vietnamese Products" voting program is part of the city's broader efforts to encourage the consumption of local goods.

The fair will go on from November 22 to 27 at the Thanh Tri Cultural, Information and Sports Center.

Vietnam’s Ministry of Industry and Trade (MoIT) has been cooperating with the Vietnam Steel Association and local companies to provide information for the US regarding steel production process in Vietnam.

Following the agreement, both sides have agreed to exchange intelligence and share customs data, strengthen cooperation in customs control, and fighting against transnational crimes.

Consumer credit plays an increasingly important role in the economy as the proportion of consumer credit in the total credit has increased from 12.3% in 2016 to 17% and 19.7% in 2017 and 2018, respectively.

Vietnam is the country with the lowest development level that has signed a free trade agreement with the EU, making the EVFTA “the best for Vietnam” with reference to long-term planning.

The market is estimated to post an annual growth rate of 4.2% in the 2016-2021 period.

US President Donald Trump expressed his strong support for the US – Vietnam bilateral relations, welcoming recent efforts from the Vietnamese government against trade fraud.

The upward trend has proved the increasing purchasing power among Vietnamese people.

During the period, Vietnam reported a trade deficit of US$34 million, much lower than a deficit of US$548 million reported one month earlier.

The escalation of the US – China trade war in the long term could pose negative impacts on Vietnam’s economy.

The agreement will increase an average of 0.1% in annual real GDP of Vietnam purely due to trade impacts, HSBC estimated.

Through Vietnam, the EU would have an opportunity to access ASEAN market with a population of over 660 million, bringing huge opportunities for European companies.

The EVFTA would prove significant for Vietnam, and lays a strong foundation for the country to further integrate into the global market.

Online shops could be the major clients of the firms as they have diverse service requests. In this field, small firms have bigger advantages than large ones. Delivery services can also seek niche markets such as instant delivery services, low-cost services and delivery of specialized products.

Zara is among the most successful global fast fashion retail brands proving their appeals to Vietnamese customers.

Highlights during Vietnam’s process of economic integration have been its intensive efforts to fulfill international commitments in the 2015 – 2020 period.

The overall exports pattern of Vietnam portrays its similarities with export-led growth model of Mexico, which has turned itself into export production platforms for foreign multinationals, rather than developing own indigenous industrial capacity.

Since 2000, Viettel has earned an accumulated revenue of more than VND1.78 quadrillion (US$76.5 billion), and VND334 trillion (US$14.3 billion) in profit.

An escalation of the trade conflict will hurt every country, including Vietnam. At the moment, export growth is lower than import growth in Vietnam, potentially worsening the trade balance in the country.

Phones and parts recorded the highest export turnover of US$19.9 billion during the five-month period, accounting for 19.7% of total exports and up 3% year-on-year.

Core inflation in the first five months picked up 1.85% year-on-year.