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.

If the August Revolution in 1945 helped Viet Nam regain its national sovereignty, then foreign investment during the period of Doi Moi and integration affirmed the country’s economic sovereignty in the context of globalisation. A Nhan Dan Newspaper reporter interviewed Dr. Phan Huu Thang, former Director-General of Foreign Investment, on this issue.

Global trade volatility caused by trade wars, armed conflicts, and tariff policies are pushing Vietnamese exporters to diversify markets and customers, while also creating opportunities for them to deeper join emerging supply chains, experts said at a seminar in Ho Chi Minh City on August 1.

The Viet Nam Business Association in Belgium (VBAB) is stepping up efforts to connect Vietnamese enterprises with partners in Belgium and the EU, focusing on areas where the European country holds competitive edges in such as seaport, clean energy, and logistics.

In Viet Nam’s green transition roadmap, to move from potential to reality, domestic enterprises are forced to overcome a series of “obstacles” such as: shortage of human resources, dependence on technology, high investment costs and unsynchronized policy mechanisms.

As the world enters an era of sustainable development and full-scale digitalisation, dual transformation, combining digital and green transitions, has shifted from a mere trend to a survival strategy for Vietnamese enterprises.