According to a recent report submitted by the Government to the National Assembly, the total foreign investment of Vietnam’s state-owned enterprises reached 6.6 billion USD as of December 31, 2022.

British rice millers have thrived by importing low-tariff unmilled brown rice from India and polishing the grains into the white product loved by UK consumers. But with India pressing for tariffs on white rice to be slashed, concerns are mounting for an industry that employs more than 3,000 people

Vietnamese coffee export could reach a record level this year thank to domestic and world prices climbing to the highest level in the past 15 years on scarce supply, low coffee reserve and strong increase in the world demand for Robusta.

Vietnamese and Algerian businesses gained an insight into the African country’s market and bilateral economic and trade ties at a webinar on October 19.

Việt Nam is continuing to improve its legal system, demonstrating its seriousness in implementing labour commitments in the EVFTA, CPTPP and UKVFTA trade agreements.

Vietnam’s booming electronics industry (EI), led by multinational corporations, has played a vital role in spurring trade volume, and bolstering the country’s GDP in the past decade. Fueled by trade liberalization, corporate tax cuts, improved labor quality, and government reforms, Vietnam consistently attracts foreign investors eyeing Asia for relocating their electronics industry investments.

From October 1, 2023, the European Union (EU) officially launches a carbon tax pilot for 6 export industries to this market under the Carbon Border Adjustment Mechanism (CBAM). . This poses a requirement for sellers entering this market to "green export", protect the environment, and reduce emissions. Customs Magazine had an interview with Mr. Bui Huy Binh, Chairman of the Board of Directors of TraceVerified Traceability Solutions and Services Joint Stock Company about this issue.

Acknowledging the importance of improving the value of exports and increasing competitiveness, Vietnamese businesses have proactively sought solutions to apply science and technology in the production and export of agricultural products.

Macao, China deposited its instrument of acceptance of the Agreement on Fisheries Subsidies on 19 October. Ms Lúcia Abrantes Dos Santos, Permanent Representative, presented Macao, China’s instrument of acceptance to Director-General Ngozi Okonjo-Iweala.

Much criticism has been levelled against India’s July 2023 decision to ‘ban’ non-basmati rice exports, which previously made up a third of its milled rice exports. Critics have further argued that the move by India, as the world’s largest rice exporter, could damage its claim to lead the Global South, falling far from its promises to address global food challenges under its 2023 G20 presidency.