In 2019, the global economy witnessed a steady deceleration. According to estimates made by the International Monetary Organization (IMF) in October 2019, growth reached only 3.0 per cent compared to 3.6 per cent in 2018, lower than forecasts made in July and April respectively by 0.2 and 0.1 percentage points. Trade flow and foreign direct investment also decreased.

The Ministry of Industry and Trade urged firms to strictly comply with rules of origin to avoid negative impacts on exports amid escalating trade defence measures.

A Chinese trade delegation is planning to travel to Washington on Jan. 13 for the signing of the U.S.-China Phase 1 trade deal, the South China Morning Post reported on Sunday citing a source briefed on the matter.

Germany is among the biggest beneficiaries of the World Trade Organisation, achieving income gains worth $US66 billion through its membership, according to a study by Germany's Bertelsmann Stiftung foundation.

Paris and Washington have two weeks to settle a disputed French tax proposal on multinational tech giants, the French finance minister said today after a “long discussion” with his US counterpart.

The Việt Nam Cashew Association wants the Ministry of Agriculture and Rural Development to draft national technical regulations for raw cashew nuts so that processors can ensure the quality of imported raw material.

Deputy Prime Minister and Foreign Minister Phạm Bình Minh and his Japanese counterpart Motegi Toshimitsu expressed their delight at the development of the Việt Nam-Japan extensive strategic partnership during talks in Hà Nội on Monday.

To take advantage of free trade agreements and expand exports, meeting rules of origin is crucial for the garment and textile sector, industry insiders have said.

The insurance industry aims to maintain a high growth rate of 18.42 per cent this year, gaining revenue of VNĐ188.73 trillion (US$8.1 billion), according to the Ministry of Finance’s Insurance Supervisory Authority (ISA).

The White House and Beijing have agreed to hold semiannual discussions over economic issues, reports the WSJ. Once resisted by the Trump administration, the talks will implement a similar structure to those put in place by Presidents George W. Bush and Barack Obama.