A virtual fourth session of the Vietnam - Chile free trade council was held on May 6 to review the implementation of the Vietnam-Chile Free Trade Agreement (FTA) in the 2018-2021 period and update trade exchanges between the two countries.

Vietnam has overtaken China as the largest furniture exporter to the U.S. as tariffs drive manufacturers out of the world’s second largest economy.

Demand for Vietnamese products is increasing among U.S. and European buyers, many of whom are seeking to diversify their buying away from China, a survey has found.

Vietnam posted a trade surplus of US$1.29 billion during the four-month period, a positive result amid difficult global trade environment as a result of the Covid-19 pandemic.

Despite there being no commitments on services and investment in the Vietnam - Chile Free Trade Agreement (FTA), the pact has nonetheless been a boost to trade and economic ties between the two countries.

Foreign Minister Gabi Ashkenazi and Economy Minister Amir Peretz will fly out to Seoul on Sunday (9/5) to sign the free trade agreement.

An online conference was held in Ho Chi Minh City on May 5 to seek measures and strategies to effectively approach and exploit the promising but choosy European market.

The domestic textile and apparel industry has maintained its growth momentum with four-month export turnover increasing by 13.33% to US$11.747 billion compared to the same period from last year, according to data released by the Vietnam Textile and Apparel Association (VITAS).

Ensuring access to essential medical goods during a pandemic, securing a global deal on prohibiting harmful fisheries subsidies and addressing the concerns of “graduating” least developed countries were among the topics discussed at the 5-6 May meeting of the WTO’s General Council.

Vietnamese firms should find ways to expand into the Canadian market as there is a lot of untapped potential for Vietnamese goods in the North American country, said Đỗ Thị Thu Hương, commercial attache at the Vietnamese Embassy in Canada.