Vietnamese businesses, especially those operating in the agricultural sector, have made all necessary preparations and are ready for the reopening of the Chinese market from January 8.

Vietnam emerged as an alternative manufacturing base to China during the trade war between the world’s two biggest economies Another wave of interest kicked off after Vietnam reopened its borders in March 2022 while China remained sealed off to the world

Since its World Trade Organisation (WTO) membership in 2007, Vietnam has engaged in more than 500 bilateral and multilateral agreements in various fields, including 7 free trade agreements (FTAs).

After two years curtailed by COVID-19 and marked by GDP growth of between 2 per cent and 3 per cent, Vietnam’s economy made a strong comeback in 2022.

Despite a volatile cocktail of macroeconomic and political conditions, most businesses still have ambitious growth plans for 2023, according to research by HSBC.

The Republic of Korea (RoK) posted a trade surplus of 34.26 billion USD with Vietnam in 2022, according to the country's Ministry of Trade, Industry and Energy (MOTIE).

Vietnam is positioning itself to play a key role in expanding the global rare earths supply chain away from China, as demand for a range of applications increases and geopolitical concerns drive calls for a wider supply base.

The U.S. trade deficit contracted by the most in nearly 14 years in November as slowing domestic demand amid higher borrowing costs depressed imports.

The Vietnamese shrimp industry has made it through a tough year of weakening demand and come out afloat, according to business leaders.

Global growth is heading towards a recession, and global trade will continue to slow in 2023, according to trade credit insurer Allianz Trade.  Meanwhile the UK will muddle through this…