The U.S. and China have agreed to go back to the negotiating table in the coming days to review the progress of their “phase one” trade deal, according to the Chinese commerce ministry. The “phase one” trade deal, signed in January, paused a damaging trade war between the world’s two largest economies that involved retaliatory tariffs being slapped on billions of dollars worth of goods.

The trend of shifting FDI investment to other countries, including Vietnam, is an opportunity for the domestic economy and the FDI sector to create a tighter linkage. However, the linkage between domestic enterprises and the FDI sector is still facing many difficulties, mainly due to shy domestic enterprises.

A number of localities which are home to large mango-growing areas throughout the Mekong Delta region have been striving to find new export markets following the suspension of mango imports by China due to a number of firms faking origin traceability codes.

As Covid-19 lockdown measures have forced employees to work from home and companies to upgrade their tech, demand for digital services globally has boomed. At the same time, demand for other service sectors, such as transport and tourism, has tumbled. According to a new report, the post-pandemic recovery and growth of cross-border trade in services, estimated to contribute more than half (55%) of all global trade flows, is expected to rely on digitalisation and the adoption of new technology.

With Vietnam possessing huge potential for development amid a strong digital transformation process, Singaporean technology firms are increasingly viewing the Vietnamese market as a key area for growth

The UK and EU have just resumed negotiations over a post-Brexit deal on free trade. Major stumbling blocks over issues like road haulage, fishing rights and state subsidies will need to be ironed out quickly if a deal is to be ratified in time for the end of the Brexit transition period on December 31.

Bangladesh needs to sign a Free Trade Agreement (FTA) with the UK if it hopes to increase bilateral trade and private sector investment between the two countries, according to various local businessmen.

In the first week of July 2020, Indonesia and Hong Kong entered a new phase of economic cooperation. Indonesia finally joined other ASEAN member countries in ratifying the ASEAN–Hong Kong, China Free Trade Area (AHKFTA).

The wood processing industry is to become a spearhead economic sector by 2025, posting export turnover of about 20 billion USD to contribute to socio-economic development and stabilise the livelihoods of people living in forested areas.

Like other industries, the leather and footwear industry has also encountered many difficulties due to the influence of the Covid-19 pandemic. However, according to many experts, with the pandemic being controlled fairly well and the EU-Vietnam Free Trade Agreement (EVFTA) taking effect from the beginning of August, the leather and footwear industry will recover soon.