Vietnam is hoping to attract more investment from the US, Europe and major global enterprises under a recently approved strategy on foreign investment cooperation.

As President Joe Biden debates whether to lift Trump-era tariffs on Chinese imports, his cabinet is split over a politically fraught issue that could influence the November congressional midterm elections.

Russia’s ongoing invasion of Ukraine is starting to cause turmoil in Europe and around the world as gas pipelines are restricted and sanctions are placed upon Russia.

Vietnam enjoyed a trade surplus of 710 million USD in the first six months of 2022, the General Statistics Office (GSO) reported on June 29.

Though international organisations continuously downgrad their global growth forecasts for this year, many have maintained their projection that Vietnam’s GDP growth would be the highest in Southeast Asia.

Intellectual property (IP) has long been a sore point in relations between Washington and Beijing. US officials have repeatedly targeted China for widespread counterfeiting since its economic ‘opening up’ in the late 1970s

On 23 May 2022, US President Joe Biden and 12 regional counterparts officially launched the Indo-Pacific Economic Framework for Prosperity (IPEF).

The Vietnamese economy expanded at 7.72 per cent in the second quarter of this year, higher than the growth rates in the same quarters during the 2011-2021 period, the General Statistics Office (GSO) reported at a press conference on Wednesday.

There is still room for Vietnamese exports to grow in the Association of Southeast Asian Nations (ASEAN) market, including rice, the country's major export. However, it is necessary for enterprises to review the import demand of each country, pay attention to brand building as well as enhance the competitiveness of Vietnamese rice, experts said.

According to the Vietnam Federation of Industryand Trade (VCCI), small and medium-sized enterprises currently account for about 98% of the total number of businesses operating in Vietnam, contributing 45% to the country’s GDP and 31% to the state budget, while attracting more than 5 million workers. However, they arethe most affected by the COVID-19 pandemic over the past two years.