The Regional Comprehensive Economic Partnership agreement came into effect on Jan 1. How will its implementation influence China's export structure? What industrial chains will benefit from the agreement for further development? Will it be a boon for, or a bane of, China's exports, and how should China make use of the agreement to boost its exports and improve trade quality?

To take full of opportunities and effectively tap into this lucrative market is not an easy task for most local firms, said Nguyễn Cảnh Cường, trade counsellor at Việt Nam's Embassy to the UK.

Bilateral deal with South Korea is a move to attract investment to develop the electric vehicle and batteries industry, while most Southeast Asian nations, China and Australia are in RCEP

The diverse, high-quality FTA network acts as a “highway” that facilitates Vietnam to integrate with the world faster. However, it is the people and businesses who decide on the vehicles, as well as the fuel and energy.

According to Mr. Truong Van Cam, Vice President and General Secretary of the Vietnam Textile and Apparel Association (Vitas), the high inflation rate in major textile and garment consuming markets such as the US, EU is affecting orders and unit prices of textile enterprises from now until the end of 2022. Many businesses are facing a shortage of orders.

With great potential and room to develop agriculture, ASEAN is looking to further promote local resources for rural economic development.

As reflected by businesses to Government leaders, rising costs have been a big challenge affecting the speed of recovery and growth in the last months of the year.

Vietnam recorded a trade surplus of US$3.96 billion over the first eight months of the year, with the total import and export turnover of goods rising by 15.5% year on year to US$497.64 billion, according to figures given by the General Statistics Office (GSO).

The increasing number of manufacturing projects set up by behemoths like Apple, Foxconn and Lotte show that Vietnam is going up the global value chain, analysts say.

According to VASEP, consumer demand for seafood in the Chinese market is increasing but domestic seafood supply is facing a shortage, which has led to an increase in seafood imports in recent years.