The UK and Viet Nam have a strong and growing bilateral trade relationship and share a strategic commitment to global trade, the free flow of capital and investments, the department for international trade said to mark an important symbolic step in this partnership as the UK-Viet Nam Free Trade Agreement enters into force.

In order to take advantage of the opportunities offered by the CPTPP and promote exports to the Americas, Vietnamese businesses must have a long-term plan to develop distribution channels in the Americas; at the same time, enterprises need to be more proactive in grasping the priorities in the CPTPP framework.

Trade policy barriers such as tariffs and regulations account for at least 14 per cent of trade costs according to estimates from the WTO Trade Cost Index launched on 30 April.

Once ratified by three-fifths of the 15 signatories – namely six ASEAN countries and three non-ASEAN countries, the RCEP agreement will enter into force in 60 days.

Vietnam’s success in the fight against COVID-19 and its overall stability have increased its competitiveness and resulted in positive outcomes in foreign direct investment (FDI) attraction since the start of the year

Global shipping is still suffering ramifications a month after the giant Ever Given container ship ran aground in Egypt's Suez Canal and blocked the key waterway for about a week.

ASEAN+3 countries (plus South Korea, Japan and China) would remain committed to an open and rules-based multilateral trade and investment system.

The Enhanced Integrated Framework (EIF) released on 4 May three policy briefs recommending actions to boost the participation of least-developed countries (LDCs) in international trade. The briefs look at integrating trade into sustainable development strategies, using tourism to support recovery from the COVID-19 pandemic and strengthening value chains in the clothing sector in LDCs.

As many as 14 free trade agreements (FTAs) have come into force since the beginning of this year, a factor which has enabled the country to establish links with 52 partners, including leading trading partners.

Việt Nam saw strong import-export recovery in the first quarter, estimated at US$152.65 billion, up 24.1 per cent year-on-year, said an industry and trade official.