Flexible policies and a successful COVID-19 vaccination campaign have resulted in impressive progress in Vietnam’s economic prospects this year. But the road ahead is paved with challenges. Risks to growth in the future, largely related to external factors, have multiplied.

Vietnam’s export turnover to Germany enjoyed a year-on-year surge of 30.5% to 7.6 billion USD in the first 10 months of this year, according to the Ministry of Industry and Trade.

Thai farmers who’ve enjoyed a virtual monopoly in exporting fresh durian to China are worried about Vietnam entering the fray because the latter’s proximity to the importer generates several advantages.

ECTA will be greatly welcomed by our business communities: PM

Talks on the upgrade of ASEAN’s free trade area with China have been launched while negotiations on upgrading the one with Australia and New Zealand wrapped up recently.

Consumers and businesses in Singapore and South Korea will benefit from smoother digital activities between both sides in areas such as e-payments and paperless trading, with the signing of a new agreement on Monday.

Thailand and Singapore have signed several agreements aimed at deepening bilateral economic relations. The memoranda of understanding covers tourism, intellectual property, sustainability, and meat trade, among others.

Viet Nam’s shipment of fruits and vegetables to China valued at US$ 152 million in October, representing a year-on-year increase of over 44% thanks to new protocols on official import inked by both sides.

Vietnam will promote the use of e-commerce channels to expand export markets and enable enterprises to participate in foreign distribution networks.

China’s economy is bracing for major disruption into next year as coronavirus cases surge and challenge the government’s recent attempt to maintain Covid Zero but reduce the economic and social damage it causes.