"Meat product exports to Vietnam are expected to grow faster, as, for the next 10 years, tariffs on those products will gradually decrease to zero percent," Emmanuelle Pavillon-Grosser, the French consul general in HCMC, said.

The Vietnam Trade Promotion Agency (Vietrade) under the Industry and Trade Ministry (MoIT) will coordinate with Vietnam’s trade offices in member countries of the Association of Southeast Asian Nations (Asean) to organise consulting session on rice exports.

The RCEP is likely to further boost Vietnam’s exports, support the current account balance, and help attract increased direct investment flows into the country.

Vietnam is located on an important maritime transport route in the East-West hemisphere, accounting for more than 80 percent of global freight volume

Hong Kong recently applied to join the Regional Comprehensive Economic Partnership (RCEP). The underlying aim of RCEP is to create an integrated market across the region. RCEP accounts for roughly 30 per cent of the world’s output, trade and population.

Ratifying a dubious regional economic deal is being touted as offering a miraculous solution to Malaysia’s lacklustre economic performance of the last quarter century. This naïve advocacy is misleading at best, and downright irresponsible, even reckless, at worst.

Vietnam is highly integrated into the global economy and since 2017, trade has consistently sat above 200 per cent of GDP.

Russia’s war with Ukraine is giving a group of European Union countries fresh incentives to speed up work on free-trade agreements.

The EU-Vietnam Free Trade Agreement (EVFTA) is being effectively utilized by local enterprises amid the export turnover of peppers to the EU market expanding by 92.9% during the opening quarter of the year.

The “initial shockwaves” of the Russian invasion of Ukraine to global trade in goods appear to have stabilised, according to the Kiel Institute for the World Economy’s Trade Indicator.