Permanent Deputy Prime Minister Pham Binh Minh has signed a decision assigning duties of ministries relating to the implementation of the Regional Comprehensive Economic Partnership (RCEP) which took effect from January 1.

The World Bank (WB) on March 11 released its brief updating Vietnam’s economic development in March, stating that the economy continues to show resilience and is recovering although downside risks have heightened.

Vietnam Briefing examines the Vietnam-US bilateral relationship, including trade ties, imports, exports, and as foreign policy. We also look at why this relationship is only expected to grow presenting opportunities for US businesses in the Southeast Asian country.

Vietnam’s exports of wood and wooden products are expected to rake in 18.5 billion USD in 2025 and 20.4 billion USD in 2030, per a project freshly approved by Deputy Prime Minister Le Van Thanh on March 10.

As a country with high economic openness, deeply integrated into the global economy, Vietnam cannot avoid the impact of the Russia-Ukraine conflict.

Since the biggest regional trade agreement, the Regional Comprehensive Economic Partnership, or RCEP, came into force in February, cooperation between China and the Republic of Korea has strengthened in fields

The war in Ukraine is putting global supply chains to the test again. Even before the conflict began, supply chain frictions had only improved marginally from the pandemic. While container handling had picked up significantly in many regions

The free trade and investment agreement between the U.S. and South Korea will hit the 10-year mark on March 15. With bilateral trade having expanded nearly 70% over the past decade, the agreement between the two long-time allies deserves renewed support and greater strategic utilization for years to come.

A series of changes in polices have been made to support the recovery of enterprises affected by the COVID-19 pandemic including reducing VAT for most goods from 10% to 8%, reopening international air routes, and providing exemption and reduction on tax, fees, and interest rates which are expected to help Vietnam's economy rebound faster and stronger after the pandemic.

It is expected that shrimp export will exceed US$4 billion and have a growth rate of 10 percent to 12 percent in 2022.