Vietnamese tuna appears ideally placed to take advantage of the EU-Vietnam Free Trade Agreement (EVFTA), with shipments rising 0.5% year-on-year to US$126 million during January-November despite COVID-19.

Incentives brought about by the implementation of the impending UK-Vietnam Free Trade Agreement (UKVFTA) are expected to assist Vietnamese rice exporters in increasing their market share in the UK, according to experts.

The UK has today (Tuesday 15 December) signed a trade deal with Mexico, locking in tariff-free trade and other benefits for British businesses and consumers.

Vietnam’s trade turnover is expected to hit $540 billion this year, marking a year-on-year increase of $23 billion.

China's Foreign Ministry has accused Australia of breaching its free-trade agreement with China by blocking up to $14 billion worth of investment.

Singapore has signed a memorandum of understanding (MOU) with the United States to deepen economic cooperation and extend trade financing and investment support to their respective companies.

The online Viet Nam – South America logistics trade forum has been held to help the two countries' firms expand business co-operation opportunities in the field.

Optimism for the year ahead has been improved to the highest thanks to the country's effective control of Covid-19 pandemic.

While the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA) are designed to maximize trade and investment liberalization, the Regional Comprehensive Economic Partnership (RCEP) agreement is the harmonization of standards to facilitate trade in the region. Vietnam Economic News’ Thu Phuong spoke about the recently signed RCEP agreement with Phung Thi Lan Phuong, Head of the Free Trade Agreement Office under the WTO (World Trade Organization) and Integration Center of the Vietnam Chamber of Commerce and Industry (VCCI).

The Regional Comprehensive Economic Partnership (RCEP) Agreement comprises 20 chapters with commitments covering goods, services, investment, intellectual property rights, competition, trade remedies, standards, e-commerce and dispute settlement. Many of these chapters were not included in the underlying ASEAN+1 agreements that formed the original core of RCEP.