Vietnam has proved that it is an attractive and safe destination for investors, as reflected through positive signs in foreign direct investment (FDI) in the country in the first five months of this year, according to an official from the Ministry of Planning and Investment (MPI).

With many successes in economic development, Vietnam is an example for other emerging economies, said World Bank Country Director in Vietnam Ousmane Dione.

Canned tuna products from Vietnam exported to the EU will be exempted from duty in the quota of 11,500 tonnes / year. How will this quota distribution be made?

Deputy Minister of Foreign Affairs Dang Minh Khoi and his Turkish counterpart Sedat Unal discussed measures to boost relations between Vietnam and Turkey in the context of the COVID-19 pandemic, during their phone talk on June 23. Khoi said Vietnam is willing to share its experience in the pandemic combat and expressed his belief that Turkey will soon contain the disease.

The U.S. decision to withdraw from international efforts to harmonize global tax rules for digital companies risks triggering a new trade war. The move came after the U.S. and a group of nations failed to agree on the best way to tax revenue from digital companies such as Facebook and Alphabet's Google. It's a way for cash-strapped governments to tap deep-pocketed companies whose multinational earnings often escape the taxman's grip. The U.S. says digital taxes unfairly discriminate against American firms and has threatened retaliatory tariffs that could exacerbate the worst global economic downturn since the Great Depression.

The 10th Meeting on the Regional Comprehensive Economic Partnership (RCEP), scheduled for June 23 in Hanoi, is expected to bring a new change to regional and global trade.

The development comes after four years of battle for the market-economy status by China. The designation would have put the country in a stronger position in respect of its commercial and trade partners.

The 36th ASEAN Summit will take place on June 23 in Vietnam against the backdrop of severely damaged business and investor confidence as an impact of the COVID-19 pandemic. Containing and mitigating the spread of the pandemic is the current priority of all ASEAN member states, along with a concerted effort to shore up public health systems.

In the aftermath of the coronavirus pandemic, there have been numerous discussions with regard to the likely beneficiaries of companies wanting to shift from China. In the aftermath of the trade wars, bulk of companies wanting to relocate from China shifted to Vietnam (according to a report, in the period between October 2018 and August 2019, 26/56 companies relocated from China to the ASEAN nation) three companies shifted to India.

The European Union-Vietnam Free Trade Agreement (EVFTA) is set to take effect from July 2020. To make use of the tremendous opportunities from this new generation FTA, one of the key points for many of Vietnam’s export sectors with turnover of billion dollars is to satisfyrules of origin.