The Ministry of Finance (MoF) has proposed a 5-10% tax rate cut for imported steel products so as for the market prices to cool down.

Several Australian retail firms are actively working alongside Vietnamese businesses to import fresh longan from the Southeast Asian market in order to meet demand among Australian consumers, according to industry insiders.

The Quyet Thang co-operative will be the first of its kind in the northern province of Hung Yen to ship a batch containing 30 tonnes of fresh longan to Europe, Director of the cooperative Tran Van My has said.

President Nguyen Xuan Phuc will attend a virtual informal meeting of leaders of the Asia-Pacific Economic Cooperation (APEC) forum on July 16 at the invitation of APEC 2021 chair - New Zealand Prime Minister Jacinda Ardern.

Việt Nam and Australia are encouraged to soon finalise and sign their Enhanced Economic Engagement Strategy this year, towards sustainable recovery post pandemic.

The U.S. is discussing whether to move toward imposing tariffs on Vietnam over currency actions.

Despite short-term challenges, European business leaders remain confident in Việt Nam’s long-term prospects.

Forestry and fishery products still achieved impressive results with a growth rate of more than 28% from the same period last year.

In the context of the complicated development of the COVID-19 pandemic, the wood industry still achieved an impressive growth rate in the first six months of the year with an export value reaching 61% of total turnover in the whole of 2020.

In the first six months of 2021, Vietnam had a trade deficit of US$1.47 billion, raising concerns that if the situation is not controlled, it may have negative impacts on the economy. However, considering all factors, it is forecast that Vietnam will see a trade surplus of US$2 billion for the whole year.