The nation is becoming an important link in the Asian supply chain, a new destination for a number of businesses that need to diversify their supply chains, according to international media.

Many Japanese businesses believe that Vietnam needs to get rid of the image of an assembly and outsourcing country by creating new technology industries to help solve society's challenges.

Lao Minister of Planning and Investment Khamjane Vongphosy talked to the media on Laos-Vietnam economic and investment cooperation and measures to further promote bilateral ties in these aspects to match the close political relationship, on the occasion of the 60th anniversary of bilateral diplomatic relationship and 45 years since the signing of the bilateral Treaty of Friendship and Cooperation.

Given the impetus from the EVFTA Agreement, Mr. Marko Walde, Chief Representative of the German Industry and Commerce Vietnam (AHK Vietnam) expects the trade volume between Vietnam and Germany to reach about 20 billion Euros within the next two and/or three years.

With a revenue of US$117.7 billion in 2021, the UK is the fourth largest market for e-commerce in the world, placing it ahead of Germany and behind Japan, according to a global provider of market and consumer data Statista.

In the context of changing world and domestic markets, Vietnam’s flexible and effective trade promotion activities have contributed to stabilizing production and increasing exports.

THE conclusion of negotiations for a free trade agreement (FTA) between Singapore and Brazil and its Mercosur partners in July this year is indeed a big milestone, which will contribute to further enhancing the Brazil-Singapore bilateral trade relationship, says Brazil’s Ambassador to Singapore Eugenia Barthelmess.

Japan’s Onaga company recently received an investment certificate for an aeronautical and automotive component manufacturing plant in the Hanoi Southern Support Industrial Park (HANSSIP). The plant is expected to be put into operation in 2023 and encourage Japanese enterprises to expand investment in Vietnam’s support industries.

Vietnam and the US celebrated 27 years of diplomatic relations in July this year – a testament to improving bilateral and economic ties since the Vietnam War. Vietnam has emerged as an ideal alternative manufacturing destination to China for US businesses, in part due to the US-China trade war and disrupted supply chains due to the coronavirus pandemic. Vietnam Briefing discusses trends in the Vietnam-US relationship, growing economic ties, and how US businesses can leverage and benefit from moving their production to Vietnam.

The Philippines and Myanmar are the only countries yet to ratify the Regional Comprehensive Economic Partnership (RCEP) after Indonesia cemented its membership of the China-backed trade deal this week.