Experts urged enterprises to make preparations to be able to take opportunities arising from the Regional Comprehensive Economic Partnership (RCEP).

The Ministry of Industry and Trade (MoIT) has issued Decision No. 706/QD-BCT on the imposition of temporary anti-dumping tax rates on some types of welding materials of the Malaysian, Thai and Chinese origins.

Vietnam can become the second largest digital economy in Southeast Asia in 2025, while the country’s e-commerce market will draw more large-scale businesses, forecast experts at an online seminar in Ho Chi Minh City on April 20.

According to Mr. Tran Thanh Hai, Deputy Director of the Import-Export Department (Ministry of Industry and Trade), besides favorable factors, exporting goods will face certain difficulties. Typically, the Russia-Ukraine conflict is hurting the supply of production materials; transportation and logistics costs keep escalating over the past two years with no sign of "cooling down".

The UK Government announces further trade sanctions against Russia – expanding the list of products facing import bans and increasing tariffs.

Italian businesses are interested in investing in Vietnam, especially in the fields of renewables, infrastructure, water management, and innovation, said the Italian Prime Minister Mario Draghi.

Officially in force since the beginning of this year, the world’s largest trade bloc in history, the Regional Comprehensive Economic Partnership (RCEP) further builds on free trade agreements within APAC and will push economic integration and shape future trade policy.

While the Russia-Ukraine conflict has had negative impacts related to transport, inflation and international payments for import and export activities, it could also create opportunities for businesses that adopt adaptation measures, experts have said.

Currently, China has increased demand for rice imports due to a surge in domestic prices and adverse weather. China’s import demand will be a good opportunity for Vietnam in the near future.

What Vietnam has achieved in the last three decades, and what it is on course to achieve in the future, makes the country a good candidate for low- and middle-income countries in Africa to partner with for shared prosperity, according to a recent article by theafricareport.com.