China has pledged to buy almost $80 billion of additional manufactured goods from the United States over the next two years as part of a trade war truce, according to a source, a target that could provide a much-needed boost for planemaker Boeing but is being questioned by U.S. trade experts.

Minister of Industry and Trade Trần Tuấn Anh has asked agencies and organisations in all localities to strengthen the fight against corruption and trade fraud.

Regarding the export target of above US$285 billion this year, an increase of 8 percent over last year, many enterprises said that this target is hard to achieve, especially amid the context that many markets have been putting up several technical and trade barriers for goods exported from Vietnam.

The U.S. and China signed what they billed as the first phase of a broader trade pact on Wednesday amid persistent questions over whether President Donald Trump’s efforts to rewrite the economic relationship with Beijing will ever go any further.

Việt Nam has been unable to gain export growth to all CPTPP member countries, according to the Ministry of Industry and Trade.

Vietnam’s exports in 2019 maintained solid growth despite a global slowdown amid great economic vulnerability around the world. But in the new year, the global and regional situations remain unpredictable, exerting significant impacts on many economies, especially developing countries like Vietnam.

Following its weakest performance since the global financial crisis, the world economy is poised for a modest rebound this year– if everything goes just right.

Vietnam will enjoy the fastest economic growth in Southeast Asia in 2020, according to a new forecast from British multinational investment bank HSBC.

The Trump administration has invited at least 200 people to a Jan. 15 ceremony to witness the signing of the Phase 1 trade deal between the United States and China, but the two nations have not yet finalized what, exactly, will be signed, White House officials said on Friday.

Many foreign businesses have expressed their hope for better business and investment environment in Vietnam, especially consistent policies on economic development.