The transformation to a circular economy is a major development trend in many countries throughout the world, including Vietnam, with several environmental, economic, and social benefits. However, experts argue that, in addition to positive characteristics, the transition to a circular economy in Vietnam faces many obstacles for management agencies and the business community.

A seminar between Vietnamese Ambassadors who are about to head to EU to assume office and Vietnamese enterprises exporting goods to EU took place on April 7 in Hanoi.

In January, more than 10000 new enterprises were established, representing a year-on-year increase of 22%. Meanwhile, the number of enterprises closing rose by 36.4% compared to the same period last year.

An investment worths US $350 million from German, Swiss and Israeli firms will be poured into areas like digital tourism, digital startups, healthcare, and manufacturing of personal medical appliances in Vietnam.

There is an average of nearly 9,000 enterprises failing in the market each month in the first nine months of this year.