Amid a volatile global economy with risks from geopolitics, rapidly changing supply chains, and prolonged inflation, Vietnamese enterprises are under pressure to strongly renew business models and expand markets to sustain growth and enhance competitiveness.

The US's new 20% reciprocal tariff on Vietnamese imports, down from 46%, will not derail investment flows into Vietnam, according to Dr. Le Quang Minh from the University of Economics and Business at the Viet Nam National University-Ha Noi.

Amid the risk of high tariffs imposed by the United States, businesses in Ho Chi Minh City in particular and the Southeast region in general are striving to diversify export markets, with a focus on South Asia.