The Vietnamese word "công thương" is a noun that translates to "industry and trade" in English. It refers to the sectors of the economy that deal with the manufacturing of goods and the buying and selling of products.
In more complex discussions, you might encounter "công thương" in phrases like "chính sách công thương" (industrial and trade policy) or "phát triển công thương" (development of industry and trade), which refer to strategic plans or initiatives aimed at enhancing economic growth.
While "công thương" primarily refers to the combination of industry and trade, it can also imply the overall economic framework of a country that encompasses both production and commerce.