Durian from Vietnam, both chilled and fresh, for the first time will be subject to identity and physical checks on 10 percent of consignments.

The tension in the Red Sea, which has led to increases in logistic costs and shipping time, is forecast to affect Vietnamese exporters of garment, textile, footwear and leather products from the second quarter of 2024 if it persists.

Both Vietnam and Hungary have great potential to promote business and investment cooperation as they are highly complementary economies, heard a joint business forum in Budapest on January 19 afternoon.

Vietnamese durians exported to the European Union will be subject to inspection for excessive pesticide residue at EU borders with a frequency of 10% under the bloc’s new regulations, according to the Vietnam Trade Office in Belgium and the EU.

China plays a key role in boosting global economic growth, World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala has said.

To deeply participate in the global supply chain, Vietnamese businesses are forced to improve their competitiveness, promote large-scale production and focus more on products with high technology content.

A Cambodian senior government official has painted a rosier picture for Cambodia-China economic and trade cooperation in 2024, saying that a steady increase in bilateral trade and investment volumes has benefited both countries and peoples.

Over the past few years, China has made remarkable progress in promoting high-standard financial opening-up, with a total of 1,110 foreign institutions already entering the local bond market. However, there is still a long way to go before the Chinese financial market realizes a highly efficient allocation of global financial resources. The country needs to make further efforts in deepening reforms, improving the system, optimizing policies and promoting their implementation.

According to experts, in 2023, although there were still many difficulties in promoting economic growth, the positive effects of fiscal and monetary policies were shown.

Consumption demand is forecast to be among the main contributors to economic growth in 2024, along with public investment and export activities.