The trend of international economic integration has been opening up many trade opportunities for the Vietnamese business community. However, there are also many scams that cause local firms to suffer heavy losses.

A report recently released by Australia’s Perth USAsia Centre has pointed out some factors making Vietnam an increasingly desirable partner to Australia and other countries.

2022 has been a significant year for India’s trade. Firstly, India’s merchandise exports touched $420 billion in 2021-22.

Vietnam’s seafood exports have been slowing down since July as inflation takes a toll on consumption in the U.S., E.U. and U.K.

According to the Vietnam Chamber of Commerce and Industry, Vietnam has joined 15 free trade agreements (FTAs), including high-quality pacts such as the CPTPP and the EVFTA, covering many major economies in the world.

The trend of international economic integration has been opening up many trade opportunities for the Vietnamese business community. However, there are also many scams that cause local firms to suffer heavy losses.

US companies will need an export licence to sell to seven Chinese state-affiliated firms in the aerospace and chips sector after Washington blacklisted them on Wednesday (24/8) for supporting China’s efforts to modernise its military.

As reflected by businesses to Government leaders, rising costs are hitting the speed of recovery and growth in the last months of the year.

After being affected by the COVID-19 epidemic and fluctuations in inflation, the demand and trends of seafood consumption in many markets have changed, necessitating that Vietnamese seafood enterprises must adapt to these market trends, experts said.

Vietnamese exporters need to be well prepared for any risks from protectionist trade measures from Australia against Vietnamese goods, such as anti-dumping and anti-subsidy policies, mostly in steel products, experts said.