Vietnamese fruit and vegetable exporters are seeking to make inroads into Thailand amidst the COVID-19 pandemic.

The Cambodia-China Free Trade Agreement is expected to be finalised next month.

International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday it was "very likely" the Fund would cut global growth forecasts further as the coronavirus pandemic was hitting many economies harder than previously projected.

The pandemic’s impact on the economy is the equivalent of scrambling the pieces of a puzzle and then trying to put it back together in a new shape.

In the face of difficulties caused by COVID-19, the business community is in need of support to revive its operations, and the Government has acted quickly to assist enterprises in overcoming this challenging period.

Coastal provinces across the country have ramped up the installation of vessel monitoring systems (VMS) in fishing ships as part of measures to combat illegal, unreported, and unregulated (IUU) fishing.

International media has continuously praised Vietnam for its successful containment of COVID-19, which can make it a reliable destination for investors seeking to resume production.

The export market shares of wood and wooden products of Vietnam are mainly in the US, Japan, Europe, and China, accounting for more than 85 percent of the total export value of the industry. However, these markets are struggling due to the pandemic so many importers have temporarily suspended import orders.

South Korea on Tuesday suggested that the World Trade Organization (WTO) draw up "contingency guidelines" to brace for major events, such as the ongoing new coronavirus pandemic, that could put global trade under major strain.

South Korea's exports, which have been hit hard by the new coronavirus that has halted global supply chains, are not likely to rebound immediately in the post-pandemic era, as its key trade partners are raising their guard to protect their own industries, a report showed Wednesday.