Singapore was the first country to ratify the Regional Comprehensive Economic Partnership (RCEP), the free trade agreement that includes the 10 ASEAN members (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam) and Australia, China, Japan, New Zealand, and the Republic of Korea.

Vietnam and Mexico should consider the possibility for cooperation in and development of basic industries, especially metallurgy, mechanical engineering, and manufacturing and processing, Minister of Industry and Trade Nguyen Hong Dien has said.

A spate of lockdowns in Shanghai and other Chinese cities is piling severe pressure on transport and logistics across the country, exacerbating the economic fallout of the government’s commitment to its zero-Covid policies as cases continue to soar to record levels.

The ThaiCham is tasked with expanding business networking and Thai presence to strengthen the Thai businesses community in Vietnam.

Vietnamese Minister of Industry and Trade Nguyen Hong Dien has held a virtual meeting with the US Trade Representative, Ambassador Katherine Tai, and Singaporean Minister for Trade and Industry Gan Kim Yong.

In the medium term, Vietnam’s vision to become an upper-middle-income economy will depend on its ability to evolve from its current growth model to productivity and innovation-led growth model.

Signs are already emerging that the Regional Comprehensive Economic Partnership, or RCEP, could expand beyond the one-third of the world it already covers.

The southern most province of Cà Mau has granted the right to use the Cà Mau geographical indication for black tiger shrimp to three local exporters.

Since the beginning of the year, although export turnover has increased by 14.2 percent, import turnover has surged by more than 16.7 percent. The trade balance saw a trade deficit of nearly US$600 million, of which, imported goods were mainly raw materials for production. This shows that domestic enterprises are still dependent on and short of imported materials.

Vietnam's wood processing and export enterprises are currently facing new difficulties and challenges because of the ongoing Russia-Ukraine conflict.