We answer key questions around the US-led Indo-Pacific Economic Framework (IPEF), implications for member countries, and whether it will be able to counter China’s economic dominance in the Indo-Pacific region. We also compare the scope and approach of the IPEF framework with the mega trade arrangement, RCEP, which includes China and many IPEF member countries but not India or the US.

The U.S. government has announced that its new economic grouping for the Indo-Pacific will begin with 13 inaugural members, accounting for about 40% of the world's gross domestic product.

The visit reiterates further growing ties between the US and Vietnam on the sidelines of the summit. While ASEAN members are looking for concrete commitments from the US, the Vietnam-US relationship is like to continue to grow as the US looks to counter China’s global influence presenting opportunities for US businesses.

Vietnam remains a bright spot in terms of foreign direct investment (FDI) attraction, despite the negative impacts of geopolitical factors globally and the COVID-19 pandemic, according to insiders.

Although the demand for Vietnamese textiles is forecast to rise steadily in the short term, firms are concerned that tight material supply will impede their export plans.

Boasting a high per capita income coupled with a limited production capacity of consumer goods, the Kuwaiti market offers plenty of opportunities for Vietnamese enterprises to bolster exports moving forward.

The pharmaceutical industry is growing steadily because input costs are stable compared to other industries and businesses are less affected in a high inflation environment.

Vietnamese Ambassador to Egypt Nguyen Huy Dung says Vietnam and Egypt have numerous opportunities to foster their economic and trade ties as both countries are now moving into the post-pandemic period.

The Vietnamese Embassy in Australia, the Binh Duong provincial People's Committee, and the State Government of Victoria (Australia) co-hosted a seminar on May 24 to seek further investment opportunities in Binh Duong.

The recovery of the industrial real estate sector will be fueled by new investment waves, according to the Vietnam Association of Realtors (VARS).