Friday, October 20, 2023

On October 13, USAID and the Ministry of Industry and Trade launched a $3.25 million activity to facilitate digital trade. Announced during President Biden’s September visit to Vietnam, USAID’s three-year activity, called Vietnam Digital Trade, supports MOIT’s implementation of policy frameworks that facilitate digital trade, in consultation with the private sector. Regulations that are responsive to private sector needs remove trade bottlenecks and increase regulatory transparency, helping to shape an e-commerce sector where enterprises of all sizes can benefit. Full Press Release

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Vietnam Digital Trade

Vietnam Digital Trade

Over the past two decades, U.S. Agency for International Development (USAID) support has helped improve Vietnam’s openness to trade and increased trade substantially. U.S.-Vietnam bilateral trade during this period has grown from about $3 billion to more than $139 billion. Building on this support, USAID’s Vietnam Digital Trade activity partners with the Ministry of Industry and Trade (MOIT) to help address regulatory gaps and promote private sector engagement in the rapidly growing digital economy.

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