Sustainable trade development in Vietnam: Opportunities and challenges

Sustainable trade development is the development that the results of trade development meet the requirements of sustainable development, which is manifested by the rapid and stable development of scale, reasonable structure and quality assurance for economic growth, poverty reduction and environmental protection. The article points out three opportunities and five challenges in developing sustainable trade in Vietnam. The opportunities include: the trend of trade is towards sustainable development; an opportunity for Vietnam to take advantages related to free trade agreements and opportunities to participate in global value chains; FTAs can create new opportunities to trade green goods. The challenges include: increasing the added value of exports; focusing on regulating domestic trade contributes; reorganizing the supply chain and market; perfecting the legal system of State management of environmental trade; preparing to deal with difficulties and challenges. The article also outlined five solutions to help Vietnam take advantage of opportunities and overcome challenges in developing sustainable trade in the current period.