Two months after Vietnam stepped out of the pandemic stage, the Government has stepped up the recovery and economic development activities in thenew normal along with the efforts of the business community. Thanks to that, the economy has initially had positive signs.

In the framework of the EU – Vietnam Free Trade Agreement (EVFTA), the European Union (EU) has committed to giving a tariff rate quota (TRQ) for 14 goods items from Vietnam.

The Regional Comprehensive Economic Partnership (RCEP) trade pact, once signed, will act as a meaningful symbol of trade liberalization and multilateralism, not only in the region but also in the world, said a Vietnamese scholar.

Fabric production is a challenge for Việt Nam's textile and garment industry when it comes to free trade agreements (FTAs) requirements on product origin.

OVID-19 is exposing the vulnerability of global value chains (GVCs). GVCs contribute to rapid economic growth by enabling multinational corporations to increase their efficiency through fragmented, task-based specialisation.

Mr. Tran Tuan Anh, Minister of the Ministry of Industry and Trade (MoIT), said that after the EU-Vietnam Free Trade Agreement (EVFTA) takes effect in early August, Vietnam's agro-forestry-aquatic products can access a potential market with more than 500 million people and gross domestic products of over US$18 trillion.

The media is playing a key role in aiding domestic enterprises to effectively enter foreign markets in general, and European ones in particular.

In Washington, Ottawa and Mexico City, there is a celebratory mood as the governments of the three North American partners prepare for the coming into force of the United States-Mexico-Canada Agreement (USMCA) on July 1.

The heads of the WTO and six multilateral development banks on 1 July issued a joint statement promising to address shortages in trade finance, so that financial market stresses arising from the COVID-19 crisis do not prevent otherwise-viable trade transactions, including for essential goods such as food, drugs and medical equipment.

A new wave of foreign direct investment driven by global uncertainty such as the US-China trade war and the COVID-19 pandemic is imminent in Việt Nam, and it will have a much bigger impact on the economy than previous FDI inflows, according to investment fund VinaCapital.