The trade pact with E.U. could help the Vietnamese economy recover from pandemic impacts by boosting trade and creating jobs, the government says.

The British government announced on Tuesday a new tariff regime to replace European Union's (EU) common external tariff after the Brexit transition period comes to an end this year.

The World Bank (WB) has issued several recommendations to help Vietnam enhance its international integration and capitalise on the EU-Vietnam Free Trade Agreement (EVFTA), which is expected to come into effect shortly.

Vietnamese businesses reeling under financial stress due to the COVID-19 pandemic have become vulnerable to foreign takeovers and need the Government's support, according to experts.

The global economy will take much longer to recover fully from the shock caused by the new coronavirus than initially expected, the head of the International Monetary Fund said, and she stressed the danger of protectionism.

With a supply chain that over relies on only a few key partners, Vietnam’s textile and garment industry is among the country’s hardest hit by the COVID-19 pandemic.

Prawn and uncooked prawn products for human consumption exported to Australia will have to follow new regulations from the Australian Department of Agriculture, Water and the Environment from July 1, according to the Việt Nam Association of Seafood Exporters and Producers.

COVID-19 put tourism in Southeast Asia on hold. ASEAN economies need their tourism sectors to get moving again once restrictions are lifted—but it will take time and a flexible approach.

Việt Nam will work closely with other ASEAN countries and partners, including Australia, to maintain ASEAN's activities through teleconferences, continue to actively promote orientations and priorities for co-operation set out in 2020, said Vietnamese Deputy Foreign Minister Nguyễn Quốc Dũng.

The Covid-19 pandemic has ravaged countries around the world over the past three months and India, the world's largest democracy with 1.4 billion people, has been among the hardest hit.