Vietnam's rice export price is at the highest level in the world.

Following Peru’s ratification of our deal to join the bloc, the agreement will now officially enter into force by 15 December 2024.

In a rational world, Europe’s climate-conscious representatives would oppose surcharges that make clean tech, like electric vehicles (EVs) regardless of their origin, more costly. But that’s not the case: environmentalists warn that relying on Chinese imports will undermine a key promise of the European Green Deal, namely economic momentum and high-wage jobs within the bloc. Paul Hockenos reports.

Dinh Thi Hoang Yen, Head of the Vietnam Trade Office in Austria (concurrently Slovenia), talked with Vietnam Economic News’ Phuong Lan about the EU-Vietnam Free Trade Agreement’s (EVFTA) impacts on Vietnam-Austria trade.

China’s electric vehicle (EV) sector is booming, so much so that it helped drive the country to the top of the world’s list of automobile exporters in 2023, taking over from Japan, the previous leader. Recent data also suggests that China is experiencing a whopping 28-percent year-on-year growth in EV sales, easily outpacing all other nations, and that six out of every ten EVs sold around the world are manufactured in China. For many, these are exceptional feats, not only in terms of the sheer commanding numbers of EVs that China is exporting but also for the positive implications that so many EVs on the roads across the world will have for greening the planet. That said, not everyone has warmed to China’s global EV-market dominance.

Deputy Prime Minister Tran Hong Ha has asked the China Communications Construction Company (CCCC) to make practical proposals for infrastructure, construction, transport, and agricultural ties as a mean of realizing the high-level agreements between the two Parties and nations.

Tariff preferences under the Comprehensive and Progressive Agreement for Trans-Pacific P\artnership (CPTPP) have given a significant boost to Vietnamese seafood exports to Australia.

Goods exports have become a highlight and a crucial driver of Vietnam’s economic development.

Russia’s recent announcement that it plans to ramp up pork exports to China, an EU-dominated sector, represents a bold strategic move. It is also the latest installment in the ongoing trade tensions between Europe and China.

Offering tariff incentives and removing market access restrictions in various sectors, the EU-Vietnam Free Trade Agreement (EVFTA) has opened the door for EU investors to access and expand their investments in Vietnam.