The textile and apparel industry, which managed to survive three waves of COVID-19 thanks to its decision to produce face masks and personal protective equipment, will focus on sportswear and yarn, according to the Việt Nam National Textile and Garment Group.

Owing to the effects of the COVID-19 pandemic, 2020 was an uneasy year for the world, especially for the global economy. Against a background of severe and complicated situation abroad, and arduous reform tasks at home, China's hard-won positive economic performance received considerable attention and appreciation worldwide.

In the first instance of US President Joe Biden’s administration expressing its views on India’s trade policy, Washington criticized New Delhi at the World Trade Organization (WTO) over its growing protectionist measures including tariff hikes, domestic testing requirements on imports, restrictive rules in e-commerce and cross-border data flows.

The United States on Thursday agreed to a four-month suspension of retaliatory tariffs imposed on British goods such as Scotch whisky over a long-running aircraft subsidy row, with both sides pledging to use the time to resolve the dispute.

The European parliament has postponed setting a date for ratifying the trade and security deal with Britain after Boris Johnson was accused of breaking international law for a second time over Northern Ireland.

Vietnam is currently home to 100 Swiss firms with a combined investment capital of nearly US$2 billion, including major names such as Nestle, Novatis, Roche, Holcim, and ABB.

Vietnam is committed to closely cooperating with other ASEAN members in realizing the common goal of an ASEAN Economic Community.

The EU and the US should strengthen their trade relationships with Asian economies, following the China-led free trade agreement (FTA) signed in 2020 with 14 countries in Asia-Pacific, German research institute Ifo said on Thursday.

It is vital for Vietnam to further boost the development of private sector and public investment funds, in turn contributing to economic growth and creating the foundation for long-term development.

Vietnam’s steel industry is expected to recover this year with rising export orders, thanks to improved global demand and surging domestic consumption.