Bill Chan had never set foot in Mexico, let alone a secluded area of ​​desert in the country’s north, where he suddenly decided to build a $300 million factory. But it seemed an insignificant detail amid the pressure to adapt to a rapidly changing global economy.

Vietnam has set a target of exporting goods worth US$393-394 billion in 2023, up by US$22 billion or 6% against last year, said a trade official.

Vietnam’s textile, garment and footwear sectors aim to achieve a total export value of 77-80 billion USD in 2025 and 106-108 billion USD in 2030.

With the next round of CPTPP negotiations upcoming, the UK Minister expressed his country’s desire to finalisze accession at the earliest possible opportunity.

Although Vietnam’s agricultural industry has utilised many advantages in exporting agricultural products to Europe, through its participation in the EU-Vietnam Free Trade Agreement (EVFTA), export turnover to this area remains low.

Vietnam must start monitoring and issuing carbon certificates to exporters and retailers in response to the EU's recently passed carbon levy, said industry insiders and policymakers. 

Vegetable and fruit export turnover is expected to set a new record in 2023.

The Chinese government is considering the introduction of export restrictions on solar wafers, black silicon, and silicon casting equipment. It has launched a public consultation process on the proposed measures.

The Vietnamese manufacturing sector continued to face challenging business conditions in the opening month of the year amid falling output and a decline in new orders.

Global trade, in many ways, makes the world go round. Think of any electronic good, clothing item, or perhaps a chocolate bar; all everyday items which are in consumers hands and homes because of global trade, providing countless jobs.