Companies face prospect of rerouting vessels to potentially risky routes around Africa

Vietnam expects to gain 8-10 billion USD from shipping fruits and vegetables abroad, with revenue of processed products accounting for at least 30 percent of the total by 2030.

Vietnam must stay active in inviting multinational corporations and renowned companies to invest locally, especially those from countries with advantages in terms of technology, capital, and management skills, including the United States, the EU, and Japan, according to insiders.

One of the noteworthy developments related to Vietnam's export of key products with a turnover of "billions of dollars" is related to the group of phones and components.

The Regional Comprehensive Economic Partnership (RCEP) agreement will push the post-pandemic recovery of service sectors of its member countries and facilitate service trade, the Ministry of Commerce said Thursday.

Vietnam attaches great importance to economic, trade and investment cooperation with Russian localities, Vietnamese Ambassador to Russia Ngo Duc Manh has said.

Relations between Vietnam and Switzerland have developed fruitfully over the past five decades, especially in politics-diplomacy, trade-investment, development cooperation, and education-training, Vietnamese Ambassador to Switzerland Le Linh Lan has said.

The US is widely viewed as the main market which has contributed to the strong growth of local timber and wood product exports, with export turnover to the lucrative market in 2020 surging by 34.37% to US$7.166 billion, despite being heavily hit by the impact of the COVID-19 pandemic, according to the Timber and Forest Product Association.

A three-speed recovery is taking hold across East Asia and the Pacific, with China and Vietnam already beating their pre-pandemic levels of economic growth while other countries could take years more to heal, according to World Bank projections.

Vietnam and Canada have enjoyed robust trade ties thanks to opportunities brought by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) that took effect in Vietnam from January 14, 2019, heard a conference held in Hanoi on March 23.