Hanoi, Nov. 6 -- The Vietnamese Ministry of Industry and Trade on November 5 hosted a seminar on opportunities and challenges for Vietnamese companies in Israel in the new context.

Nguyen Minh Phuong from the ministry's Department of Foreign Market Development and Multilateral Trade said Israel is a key Middle East market, with a developed economy, high per-capita income and demand for a diversified import mix. It is a potential outlet for Vietnamese farm produce, food, seafood, apparel, footwear and consumer goods.

Trade ties have been growing. The Vietnam-Israel Free Trade Agreement (VIFTA) has added cooperation room. Israel is now Vietnam's third largest Middle East trade partner. In 2021-2025. Bilateral trade kept rising, peaking at...