Vietnam’s imports and exports still maintained a positive increase in the first ten months of this year, making a considerable contribution to national economic growth despite the complicated developments of the COVID-19 pandemic across the world, according to the General Statistics Office (GSO).

The United Kingdom will no longer be included in Canada’s Comprehensive Economic and Trade Agreement with the European Union Jan. 1, and the two countries have been hoping to reach their own deal.

The agro-forestry-fishery sector posted a trade surplus of over 7.9 billion USD in the first ten months of this year, up 10.7 percent year-on-year, the Ministry of Agriculture and Rural Development (MARD) has reported.

In the context of COVID-19 pandemic’s complicated developments disrupting international trade, Vietnam’s exports have still maintained positive growth.

With China making regulations for fruit and vegetable imports more stringent, Vietnamese businesses need to pay close attention to the changes and comply with them, experts told a conference in Ho Chi Minh City on October 27.

More than 60 specific safeguard investigations were reviewed by WTO members at the WTO’s Safeguards Committee meeting on 26 October. The large number of actions under review was partly due to the spring meeting not taking place because of the COVID-19 lockdown. The European Union’s safeguard measures on imports of steel products continued to draw many comments from members. Members also discussed the United Kingdom’s “transition review” of safeguard measures currently imposed by the EU.

Vietnam’s exports rose 4.7 percent year-on-year in the first ten months of this year to 229.27 billion USD, for a trade surplus of a record 18.72 billion USD, the General Statistics Office announced on October 29.

A workshop was held in Hanoi on October 27 to discuss trade remedies - a tool to protect the interests of domestic production industries amid Vietnam’s ongoing integration into the world economy.

The World Trade Organization on Monday formally authorized the European Union to impose tariffs on about $4 billion worth of U.S. exports annually in retaliation for America’s illegal subsidies to Boeing Co.

Vietnam attracted US$23.48 billion worth of foreign direct investment (FDI) in the first ten months of 2020, equivalent to 80.6% of the same period in 2019, according to the Ministry of Planning and Investment.