The Covid-19 pandemic has continued to obstruct trade activities of the leather and footwear industry in the main export markets of Vietnam, including Europe and the US. Last year, the whole industry exported US$19.5 billion, down 11.5 percent compared to 2019. Currently, Vietnam has controlled the pandemic, so many long-term orders have returned to enterprises. However, experts predict that the difficult situation will last until the end of this year.

Turkey and Morocco have signed a Memorandum of Understanding (MoU), vowing to establish an advanced partnership to meet the challenges of “competition on markets.”

With rapid development over the past 30 years, cooperation between Vietnam and the EU is expected to grow further in 2021 and the years to come, a Vietnamese official has said.

China’s trade with the rest of the world increased by 1.9 percent year-on-year in 2020 to reach 32.15 trillion yuan ($4.96 trillion), according to data published by the General Administration of Customs on Thursday.

The impact of new customs and trade rules contained in the UK-EU trade deal is growing for ecommerce traders, particularly those concerning the origin of goods.

Vietnam will grow at 7.6 percent this year, driven by newly signed free trade deals and rising foreign investment, HSBC has forecast.

Enterprises are in a peak season for export but are facing difficulties due to the shortage of empty containers by shipping lines to deliver to exporters for packing.

Vietnam has highlighted India’s economic achievements despite global instabilities, trade tension and the COVID-19 pandemic at the WTO’s 7th review of India’s trade policies and practices.

The first meeting of the Vietnam-Germany Joint Committee for Economic Cooperation was held online on January 12, during which participants discussed the cooperation possibilities in industry and trade, manufacturing-processing, energy, and education-training.

The UK-Vietnam free trade agreement (UKVFTA), which entered into force on 1 January 2021, was covered on in Vietnam Briefing under “Vietnam, UK Sign Free Trade Deal, Look to Strengthen Ties” on 31st December 2020.