Vietnam's garment and textile exports in the first four months fell 10 percent year-on-year to 10.63 billion USD and could fall much further as buyers cancelled orders due to COVID-19, according to the Vietnam Textile and Apparel Association (Vitas).

The Government is focusing on boosting the development of enterprises and encouraging private investment to accelerate post-pandemic economic growth.

The US was Vietnam’s leading export market in the first five months of the year, despite a slight decrease in total export turnover.

While competition between the US and China rages, it is unclear if Southeast Asia’s leadership can pursue policies that draw maximum benefit from both sides while ensuring their independence remains intact. The existing tensions between Washington and Beijing mean that leaders in Southeast Asia will struggle to find a position that pleases both partners.

On February 12th, 2020, the European Parliament ratified the EU-Vietnam Free Trade Agreement (EUVFTA) and the EU-Vietnam Investor Protection Agreement (EUVIPA).

If China and the United States decoupled, it would harm both sides as well as the world, Chinese Premier Li Keqiang said on Thursday (May 28) as he urged both countries to find a way to work together.

Emerging economies are chasing companies to get more FDI, but companies are chasing Vietnam to move there, said HSBC.

The question of how to help Vietnamese footwear enterprises fully grasp the market situation, trends, and opportunities of promoting footwear exports to the United States during and after the novel coronavirus (COVID-19) epidemic was a key talking point during a recent online conference held in Washington DC

The impending European Union - Vietnam Free Trade Agreement (EVFTA) is poised to provide fresh impetus to the local economy, especially in the context of the nation making great strides to revive its economic outlook in the period following the novel coronavirus (COVID-19), according to insiders.

A productivity-driven development model will be key for Vietnam to achieve its ambition of becoming a high-income economy by 2045, a report released by the World Bank on May 27 has suggested.