The Republic of Korea (RoK) is promoting negotiations to improve the Free Trade Agreement (FTA) with the Association of Southeast Asian Nations (ASEAN) to further benefit businesses.

Vietnam has continued to retain its position as the sixth largest fibre exporter in the world, just behind China and Bangladesh, and above the Republic of Korea, since 2022.

Deputy Minister of Foreign Affairs Le Thi Thu Hang and State Secretary of the Ministry of Foreign and European Affairs of Croatia Frano Matusic on March 12 co-chaired a political consultation between the two foreign ministries, aiming to review bilateral cooperation and seek ways to promote relations in the coming time.

China will closely monitor the European Union's subsequent actions and firmly safeguard the legitimate rights and interests of its companies, after the European Commission implemented a special Customs registration process targeting Chinese-made electric vehicles, said the Ministry of Commerce on Thursday.

Alongside efforts to enhance trade promotion in various markets and boost exports, China has been identified as a key market for trade promotion in 2024.

The current legal system does not have specific regulations on identifying key industries as well as specific policies to promote the development of these industries.

Việt Nam’s exports have been on a path of recovery since the beginning of the year. According to a report from the General Statistics Office (GSO), the total export turnover of goods in the first two months of 2024 reached US$59.34 billion, a 19.2 per cent increase compared to the same period last year.

Although Việt Nam holds huge potential to boost rice export in 2024 as the world is forecast to face a shortage of about five million tonnes of the grain, limitations in linkage chain must be tackled for the industry to move forward.

India has tied in investment obligations to the tariff concessions provided in the Trade and Economic Partnership Agreement (TEPA) between India and the EFTA. New Delhi has negotiated tariff reductions on several tariff lines, barring sensitive goods like dairy, soya, coal, and certain agricultural products. Besides technology transfers, the government anticipates US$100 billion in investments from EFTA nations, which could create 1 million direct jobs in India, over the next 15 years.

There remains ample room for the cooperation between Vietnam and Nordic countries as they have advantages to support and complement each other in many fields.