Coffee is one of Vietnam's export products to Africa. (Photo: Hoai Thu/VNA)

Vietnam needs to fully upgrade its traditional and existing relations with African countries, promote business connectivity, increase market surveys, trade fairs, and exhibitions to fully tap existing opportunities and create new ones, and pay attention to risk management in trade and investment, participants said.

Vietnam should establish new forms of cooperation and share new business and economic models such as digital business, circular economy and sharing economy, while developing online connectivity platforms can help minimize transaction costs.

It is important to focus on forums, workshops, conferences and exchanges to gain specific insights into each member and external partner. Collaboration should be fostered in emerging fields such as renewable energy, digital transformation, climate change mitigation, and initiatives to achieve net-zero emissions by 2050, according to the seminar.