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The Ministry of Planning and Investment (MPI) has submitted two scenarios for economic growth this year to the government, as the country faces the impact of coronavirus in China, one of Vietnam’s biggest trade partners.

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The extended shutdown of Chinese factories from the coronavirus outbreak is upsetting supply chains as manufacturers feel the pinch from shortages of material and travel restrictions on staff.

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The top diplomats of Japan and Britain agreed Saturday to work quickly toward a bilateral trade deal that will be “at least as ambitious” as Japan’s agreement with the European Union.

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Nearly two decades have passed since a coronavirus known as SARS emerged in China, killing hundreds of people and sparking panic that sent a chill through the global economy. The virus now rampaging across China could be much more damaging.

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Vietnamese textile and footwear manufacturers are struggling to import material from China where the new coronavirus outbreak has resulted in factories being shut down.

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Amid wide opposition, U.S. administration’s decision to increase tariffs on derivative steel and aluminum imports by 25 percent and 10 percent respectively took effect on Saturday.

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The Indonesian House of Representatives on Feburary 6 ratified the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA).

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Farming remains hugely important to the French economy and its success is very much tied to the operation of the EU Single market.

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Since the phase one trade deal between China and the United States was inked on 15 January, much of the commentary has focussed on the overly ambitious targets for Chinese purchases of US goods. Critics charge that the deal amounts to ‘managed trade’ or ‘central planning’ that substitutes government diktats for market forces.

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A free-trade deal between the Philippines and the European Union will not likely be concluded soon as conditions in the country are not right enough to hold another round of negotiations.

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