Vietnamese businesses have gradually realized commitments under trade deals, especially new-generation free trade agreements (FTAs). However, challenges remain in making effective use of these deals.

Restructuring of agricultural production and supply chains are key to meeting the specific demand of every export market including China, according to Minister of Agriculture and Rural Development Lê Minh Hoan.

Sanctions on Russia are starting to wreak havoc on global trade, with potentially devastating consequences for energy and grain importers while also generating ripple effects across a world still struggling with pandemic-induced supply chain disruptions.

By the end of February 2022, the registered capital for project adjustment of foreign investors in Vietnam has increased by US$3.59 billion, a year on year increase of 123.8 percent.

Amid an economic slowdown, China's four-year 'trade war' with the US has resulted in a total loss of USD 550 billion in import tariffs, the majority of which are aimed at Beijing, a media report said on Saturday.

Country ready to sign more FTAs, boost global ties in digital economy

On February 25, 2022, Singapore and the United Kingdom signed the UK-Singapore Digital Economy Agreement (UKSDEA), making the agreement the first digitally-focused trade deal ever signed by a European nation.

During a meeting earlier this week, authorities report that Mexico and South Korea have outlined a Free Trade Agreement. During the March 1 meeting between the Secretary of Economy, Tatiana Clouthier and the Minister of Commerce of the Republic of Korea, Mr. Han-koo Yeo, both sides agreed to resume negotiations for a Free Trade Agreement (FTA).

WTO members agreed at a meeting of the Dispute Settlement Body (DSB) on 28 February to establish a dispute panel to examine China’s complaint regarding anti-dumping and countervailing duties levied by Australia on various imported Chinese goods.

Several Vietnamese export companies have cancelled some orders due to rise in logistical expenses following the sharp hike in fuel prices. Shipping lines have raised freight rates, adding a cost of at least 30 million VND ($1,314) to every container shipped to China. However, higher freight rates do not necessarily lead to better service.