RCEP may be signed by year-end, but without India

Transnational businesses are considering shifting their facilities, which is a challenge but also a good opportunity for Vietnam, and the country should prepare to welcome a wave of investment, Minister – Chairman of the Government Office Mai Tien Dung said on May 5.

The coronavirus crisis represents a major shock for the global and EU economies, with very severe socio-economic consequences. The European Commission foresees that the EU economy will experience a recession of historic proportions this year.

Top officials from the U.S. and China held a phone call late Thursday Eastern time to discuss trade matters including the “phase one” deal that was signed in January.

Country has acquired financial and political capital in US-China trade war too

The Ministry of Industry and Trade (MoIT) has proposed Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) to consider special and creative solutions solving difficulties for Vietnam’s export of fresh lychees to Japan.

Vietnam’s export turnover increased by 4.7 percent year on year to nearly 83 billion USD in the first four months of 2020 despite an interruption to orders from key importers in Europe, American and Japan due to the COVID-19 pandemic.

Prime Minister Nguyễn Xuân Phúc appreciated the co-operation between Việt Nam and the US in dealing with the COVID-19 pandemic during phone talks with US President Donald Trump on Wednesday.

Minister of Industry and Trade Tran Tuan Anh, on behalf of ASEAN Economic Ministers, held a phone discussion with Secretary-General of ASEAN Lim Jock Hoi on May 6 regarding plans for recovering the regional economy and maintaining intra-bloc supply chains after the COVID-19 pandemic has been brought under control.

The Asia-Pacific Economic Cooperation (APEC) ministers Responsible for Trade acknowledged the huge challenges posed on account of the COVID-19 pandemic and issued a statement on it.