Ecuador has filed its application to join the CPTPP trade pact as the country moves to reduce its reliance on oil and diversify its economy through exports.

Vietnam exports have scored a success this year with 11-month export revenues reaching approximately US$300 billion.

The Republic of Korea (RoK) will submit an official application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in April next year, said Finance Minister Hong Nam-ki.

As China continues to stick to its zero-COVID policy and impose strict measures on people and goods entering the country, Vietnamese authorities are putting forward solutions to ease trade bottlenecks at border gates.

Pledges of foreign direct investment (FDI) to Vietnam in 2021 were estimated at 31.15 billion USD, up 9.2% from the previous year, despite the impacts of COVID-19, according to the Foreign Investment Agency (FIA).

Removing trade barriers around the world would help to tackle the climate crisis, enable a “just transition” away from fossil fuels and make developing countries more resilient to the impacts of global heating, the head of the World Trade Organization has said.

Vietnamese firms are advised to change themselves towards increased application of high technology and stronger digital transformation to improve their products’ quality and optimise the UK-Vietnam Free Trade Agreement, thus better conquering this promising market.

The export revenue of agricultural, forestry and fishery products are estimated to reach nearly 43.5 billion USD in the first 11 months of 2021, up 14.2% over the same period in 2020, according to the Ministry of Agriculture and Rural Development. It is expected that the export revenue of the whole year can reach 47 billion USD, an increase of 5 billion USD compared to the yearly plan. Meanwhile, the connection between domestic supply and demand for agricultural products also achieved remarkable results in 2021 despite the outbreak of the COVID-19 pandemic.

The adoption of some unprecedented measures supporting the COVID-19 fight, the commitment to achieving net zero emissions by 2050, and new records in the stock market are among the 10 most outstanding economic events of Vietnam in 2021. The following is the list selected by the Vietnam News Agency.

The global supply chain crisis, the global agreement on minimum corporate tax rate and the record high price of bitcoin are among the top 10 world economic events this year as selected by the Vietnam News Agency (VNA).