Strategic partners play an important role in Vietnam’s economic development, says Vu Tien Loc, president of the Vietnam Chamber of Commerce and Industry.

President Trump has been right to focus on the economic and trade challenges China presents to the United States. But his approach risks producing a deal with only short-term wins and enormous longer-terms costs.

Raking in export value worth US$2.3 billion, wood and wooden products became the highest increase among the groups of Vietnamese products with export value of over US$1 billion in the first quarter this year. This is a good start, however, the wood industry is still facing difficulties, requiring more efforts to achieve the export target set for 2019.

Nigeria’s minister of industry, trade and investment on Monday said the West African nation will sign the Africa Continental Free Trade Agreement as soon as President Muhammadu Buhari approves an impact-assessment report he commissioned.

Malaysia is one of the export markets in the Association of Southeast Asian Nations (ASEAN) holding the most potential for Vietnam, especially for agricultural products, seafood, foodstuff, and beverages, experts noted at a workshop in Ho Chi Minh City on May 22.

Top executives from electronics companies across the United States are in Washington, D.C., this week to endorse the proposed U.S.-Mexico-Canada Trade Agreement (USMCA) and call on the Trump Administration and Congress to support policies that will drive advanced manufacturing.

Vietnam always welcomes and is willing to create favourable conditions for Russian enterprises to do business and invest in the country, Prime Minister Nguyen Xuan Phuc affirmed when addressing the Vietnam-Russia Business Forum held in Moscow on May 22.

A seminar to promote exchange and cooperation among sectors, enterprises, and organisations of Vietnam and the US was held in Hanoi on May 23 by the Vietnam-US Society under the Vietnam Union of Friendship Organisations (VUFO).

Trade negotiations between the world's largest economies stalled this month after the US said China reneged on previous commitments in a draft agreement, leading both sides to raise tariffs on each other.

Many Vietnamese enterprises are keeping a close eye on the escalating US-China trade war and have expressed concern about its possible adverse impact on their business.