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Vietnam, which has benefited from a shift of supply chains from China due to US tariffs, may face challenges with potential trade restrictions under US President-elect Donald Trump, while the growth of its low value-added export model is slowing due to a diminishing supply of young workers. On the other hand, despite lagging behind in critical artificial intelligence infrastructure and dealing with insufficient electricity supply for factories, Vietnam's outlook for 2025 should remain positive if it can avoid tariff impediments and raise productivity, for example by strengthening the private sector and embracing new technology.
MoreRecently concluded agreement will go a long way to increasing Thailand’s competitiveness on the global stage, Thai Chamber of Commerce says
MoreThe ongoing official visit to Japan by National Assembly Chairman Tran Thanh Man and his spouse is expected to open up many opportunities for bilateral trade cooperation, said insiders.
MoreTuna export value is forecast to reach 1 billion USD in 2024, marking an 18% increase compared to last year’s figure and solidifying the product's role as one of Vietnam’s key seafood exports
MoreVietnam is set to lead Southeast Asia’s e-commerce revolution, given that this industry potentially drives national economic transformation, according to the latest report published by IMARC Group, a market research provider, on December 1.
MoreVietnam is always ready to create favourable conditions for foreign businesses, including the United Overseas Bank (UOB), to expand their investment activities, National Assembly (NA) Chairman Tran Thanh Man said at a meeting on December 2 with Wee Ee Cheong, deputy chairman and chief executive officer of UOB – one of the world’s top banks, as part of his official visit to Singapore.
MoreMinister of Industry and Trade Nguyen Hong Dien had meetings with Canadian Minister of Export Promotion, International Trade and Economic Development Mary Ng and Singapore’s Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong on November 28 within the framework of the eighth Comprehensive and Progressive Agreement for Trans-Pacific Partnership Commission (CPTPP) meeting in Vancouver, Canada.
MoreAccording to the Vietnam Food Association (VFA), the export price of 5% broken rice from Vietnam is currently at 524 USD per tonne, higher than the same grade rice from Thailand and India by 38 USD per tonne and 80 USD per tonne, respectively.
MoreU.S. trade officials announced on Friday a new round of tariffs on solar panel imports from four Southeast Asian nations after American manufacturers complained that companies there are flooding the market with unfairly cheap goods.
MoreMany Vietnamese products, such as grapefruit, bananas, tea, textiles, and more, have been exported to the UK and received positive support from consumers in this market.
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