Decreased revenue and profits are commonly reported in the Q3 business results of export-oriented companies as key markets have yet to rebound. With the prospects of recovery in these markets still slow, many companies have adjusted down their production and business targets set at the beginning of the year.

Experts have been exploring various solutions to restore the competitiveness of Vietnamese shrimp exports, as reduced demand and higher requirements in terms of transparency and environment safety have had a significant impact on the sector since early this year.

The sixth meeting of the Vietnam - Japan Joint Committee for industrial, trade and energy cooperation took place in Hanoi on November 3.

In the last 2 consecutive months (August and September), export turnover reached more than USD 30 billion/month, higher than the average in the first 9 months of the year. If the fourth quarter of 2023 maintains the level of USD 30 billion/month, the country's exports this year could reach about USD 350 billion.

The export turnover in October is expected to reach 32.3 billion USD, up 5.3 month-on-month, showing a positive signal given the 6.3% decrease recorded in the previous month.

The automobile sector in Pakistan is facing the brunt of the current economic crisis. The balance of payments-related challenges, which have led to not only restrictions on imports but also an economic slowdown, have hurt sales of new automobiles in the country.

The US government’s stepped-up controls that target less advanced lithography systems have exposed China’s deficiency in chip-making equipment, despite recent progress towards Beijing’s overall goal of semiconductor self-sufficiency.

The Ministry of Industry and Trade (MoIT) is close monitoring rice production and the world rice market with a view to promptly tackling arising problems and facilitating rice production, business and export.

Free Trade Agreement with Gulf Cooperation Council has neither been signed nor yet finalised at any forum

Prime Minister Pham Minh Chinh has asked relevant ministries and localities to ensure resources to fix limitations and shortcomings in the fight against illegal, unreported, and unregulated (IUU) fishing.