Japan and South Korea are arranging for their foreign ministers to meet next week in Madrid to lay the groundwork for an upcoming summit between Prime Minister Shinzo Abe and President Moon Jae In, government sources said Thursday.

Vietnam’s National Assembly Chairwoman Nguyễn Thị Kim Ngân attended a plenary session of the Federation Council of Russia on Wednesday, during which she outlined Vietnam’s trade co-operation with Russia. 

Despite being considered as the driving force of Vietnam’s economic growth, agriculture has been held back by an incomplete logistics system which fails to ensure quality and connect farms with markets, according to Ministry of Agriculture and Rural Development (MARD).

A draft regulation put forward by the State Bank of Việt Nam (SBV) that would limit the foreign ownership rate in the payment intermediary service sector to 49 per cent was discussed at a workshop in Hà Nội yesterday.

Deputy Prime Minister Trịnh Đình Dũng has ordered relevant ministries, sectors and authorities of 28 coastal localities to implement comprehensive measures to stop illegal, unreported and unregulated (IUU) fishing by Vietnamese fishing ships in international waters in the next six months.

US and Chinese officials are working on a deal to postpone a round of tariffs set to hit Chinese imports in five days, according to a media report on Tuesday (Dec 10).

Vietnam is under rising US pressure to stop transshipment of tariff-dodging China-made goods

Japanese trade minister Hiroshi Kajiyama on Tuesday offered to help India resolve "outstanding issues" that pushed the South Asian country toward withdrawing from a sprawling Asia-Pacific free trade agreement.

Since US President Donald Trump took office in 2017, US trade relations with China has been a rollercoaster ride. Hopes of a trade deal wax and wane, exhausting investors and sending manufacturers scrambling to find ways around costly tariffs.

With a good deal of its rule-based system not adhered to by mighty economies and the vision of multilateralism going off-track, the World Trade Organisation (WTO) after more than a decade of its inception looks more like a monitoring body than what it was meant to be - the key global instrument for ensuring coherence and order in international trade through mitigating asymmetries among global trading patterns and practices.