Promoting domestic production of wood materials plays an important role in minimising instabilities related to wood imports for processing in the future, said insiders.

With economic sanctions being levied against Russia in response to its invasion of Ukraine, we can expect some economic fallout to hit ASEAN economies in the weeks and months to come.

Thanks to policies to support post-COVID-19 recovery, and the gradual resumption of tourism activities, Vietnam is an investment attraction magnet, Lao Dong (Labour) Newspaper cited The Business Times of Singapore as saying.

Several local governments in China have unveiled plans to implement the Regional Comprehensive Economic Partnership (RCEP), a sign that the country is taking steps to further open up its market to other Asia-Pacific member countries of the free trade pact.

As a major part of the country’s Socioeconomic Development Plan until 2025, Vietnam will beef up digital transformation in service of people and enterprises, with a big upcoming programme on assisting industrial businesses to pursue smart production development.

Before COVID-19 hit world economies two years ago, there was optimism that Africa’s flagship project of the African Union’s Agenda 2063, the African Continental Free Trade Area (AfCFTA) would quickly reshape markets across the region.

Vietnam and Luxembourg have agreed to ramp up co-operation in the economic, financial, and investment fields to utilise incentives from the EU-Vietnam Free Trade Agreement (EVFTA) and the impending EU-Vietnam Investment Protection Agreement (EVIPA).

While more than 85 per cent of the local honey exports go to the US, Việt Nam is at risk of losing the market due to the possible highest tax ever in an anti-dumping case.

Vietnam has risen to become the ninth-largest trading partner of the US and the two sides' economic relationship between is expected to continue its rapid growth.

Vietnam remains an attractive destination for US investors in the Indo-Pacific, heard a webinar recently held by The Asia Group.