The Chips Act will disrupt semiconductor cooperation and investment between China and the US, and hurt the interests of global chip companies, the CCPIT says

Vietnam will move to attract large enterprises and corporations with high technology, said Nguyen Anh Tuan, deputy director of the Ministry of Planning and Investment's Foreign Investment Agency.

Contrary to the high number of orders early this year, many enterprises in the wood and wooden furniture sector in Vietnam are seeking ways to boost sales in the domestic market and access new export markets to maintain production and business as well as minimize losses.

The 2022 China International Fair for Trade in Services (CIFTIS) will be held here from Aug. 31 to Sept. 5, providing platforms for international exchanges as the world struggles with a sluggish economic recovery.

The EU-Vietnam Free Trade Agreement (EVFTA), which took effect on August 1, 2020, has given an impetus to Vietnam’s exports, according to the Ministry of Industry and Trade.

Vietnam has been participating in the negotiation and signing of many important Free Trade Agreements (FTAs), opening up great opportunities for exports. However, at the same time, Vietnamese goods are also facing more and more pressure of being investigated, applying trade remedies, especially anti-circumvention investigation for trade remedies.

Seafood businesses have increased the use of preferential certificates of origin under the agreement, boosting exports to this high-end market.

The global chip faces a new challenge in the shape of the United States which, going against international norms and established practices, wants to monopolize the production and supply chains in a bid to check China's progress in advanced chip manufacturing and thus curb China's rise.

Indonesia and the Philippines are the countries that have not ratified the Regional Comprehensive Economic Partnership (RCEP), said World Bank managing director of development policy and partnerships Mari Elka Pangestu.

Durian, Southeast Asia's "King of Fruits," is booming in China, where it has already become the country's top fruit import item in terms of volume and value.