The World Trade Organization (WTO) has projected that the global merchandise trade volume will grow 10.8 per cent this year, higher than 8 per cent estimated in March.

Vietnam and the US have reached an agreement on illegal logging and timber trade that will avoid hefty tariffs on Vietnamese timber exports.

Vietnam could achieve trade balance, or even a trade surplus this year, deputy head of the Ministry of Industry and Trade’s Agency of Foreign Trade said.

The Republic of Korea (RoK) said on October 1 that it has submitted a bill to the National Assembly to ratify the Regional Comprehensive Economic Partnership.

In 2020, Thailand exported fresh and processed vegetables and fruit worth more than US$4.2 billion. With relatively similar climate and geographical conditions, Thai and Vietnamese agricultural products share many similarities. However, Thai products often have a higher level of competitiveness.

Solving difficulties for sea transportMany shipping companies have reported that the low rate of issuance of road permits and pandemic prevention regulations in some localities are affecting the delivery process, increasing the risk of inventory piling up at the port. Therefore, shipping enterprises propose to have an open mechanism for maritime activities. At the same time giving priority to vaccination to effectively maintain the supply chain of goods.

The Association of Southeast Asian Nations (ASEAN) is set to resume free trade agreement (FTA) talks with the European Union after negotiations were suspended since 2009, the Bangkok Post reported.

There are bright prospects ahead for Vietnamese coffee exports to the Nordic market, particularly as tariffs on coffee beans have been slashed to 0% under the provisions of the EU-Vietnam Free Trade Agreement (EVFTA), according to the Vietnamese Trade Office in Sweden.

The Biden administration will begin unveiling its China trade policy next week following what it has called a top-to-bottom review of import tariffs and other measures imposed by the Trump administration.

Vietnam’s aquatic products have gained the favour of Australian consumers, Secretary of the Australian Department of Agriculture, Water and the Environment Andrew Metcalfe told a workshop on October 1.