The domestic textile and apparel industry has maintained its growth momentum with four-month export turnover increasing by 13.33% to US$11.747 billion compared to the same period from last year, according to data released by the Vietnam Textile and Apparel Association (VITAS).

Ensuring access to essential medical goods during a pandemic, securing a global deal on prohibiting harmful fisheries subsidies and addressing the concerns of “graduating” least developed countries were among the topics discussed at the 5-6 May meeting of the WTO’s General Council.

Vietnamese firms should find ways to expand into the Canadian market as there is a lot of untapped potential for Vietnamese goods in the North American country, said Đỗ Thị Thu Hương, commercial attache at the Vietnamese Embassy in Canada.

After eight years, India and the European Union are set to resume negotiations for an ambitious and comprehensive free trade agreement. An announcement on the formal resumption is expected to be made at a virtual summit between Prime Minister Narendra Modi and top leadership of the 27-nation grouping on Saturday.

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.