France will encourage companies to diversify their operating hubs to locations in Southeast Asia and elsewhere in a bid to lower the supply chain's exposure to China, French Trade Minister Olivier Becht told Nikkei.

With certain headwinds predicted for the global economy in 2023, Vietnam too, faces considerable challenges. But opportunities are also significant if concerted and appropriate solutions are taken, an expert has said.

Vietnam is becoming a destination for global manufacturers, an opportunity that needs to be taken full advantage of.

While international organisations and China watchers abroad predict growth of 4 per cent as reasonable, most Chinese economists believe that growth of 5–6 per cent is more likely.

2023 is predicted to be the year of many challenges for the Vietnamese economy due to the gloomy outlook of the global economy and multiple crises.

Japan and the Netherlands will soon agree to join the United States in implementing curbs on exports of chip making equipment to China, media reports said on Friday.

While the new administration has taken steps to implement Yoon’s free market approach, external events have loomed large over South Korea’s trade-dependent economy.

The RCEP, which came into effect a year ago, has brought about great business chances for enterprises in the region, according to experts.

Exports (exports) of domestic enterprises to the EU market grew at a double-digit rate, but it is not a breakthrough.

The UK's Trade Remedies Authority is reviewing tariff rate quotas on steel exports from developing countries