Cuba wishes that businesses from Vietnam and the northern province of Ninh Binh in particular will invest in the Caribbean country, Cuban Ambassador to Vietnam Lianys Torres Rivera said on May 24.

Prime Minister Nguyen Xuan Phuc highlighted potentials for Vietnam and Norway to enhance economic cooperation, especially in renewable energy, industry and aquaculture, at the Vietnam-Norway Business Forum in Oslo on May 24.

The U.S. ditched the Trans-Pacific Partnership, while across the Atlantic, the U.K. is trying to extract itself from the European Union and its single market.

Vietnam and Sweden should cooperate in the environmental protection and sustainable development in the context of the current Fourth Industrial Revolution, Minister of Industry and Trade Tran Tuan Anh has said.

Promoting resource expansion or diversification, automation in warehousing, infrastructural development, E-commerce tie-ups, focus on untapped market and location preferences for setting up a logistics Hub will have a positive impact on market.

The Ministry of Industry and Trade and the Vietnam Chamber of Commerce and Industry jointly held a workshop in Hanoi on May 23 to inform enterprises on the Regional Comprehensive Economic Partnership (RCEP).

Vietnam and Europe could be swapping more agri products soon, if a new trade deal comes into effect. That deal would link two regions that have been looking for an alternative to the trade tensions brought on by the United States.

Strategic partners play an important role in Vietnam’s economic development, says Vu Tien Loc, president of the Vietnam Chamber of Commerce and Industry.

President Trump has been right to focus on the economic and trade challenges China presents to the United States. But his approach risks producing a deal with only short-term wins and enormous longer-terms costs.

Raking in export value worth US$2.3 billion, wood and wooden products became the highest increase among the groups of Vietnamese products with export value of over US$1 billion in the first quarter this year. This is a good start, however, the wood industry is still facing difficulties, requiring more efforts to achieve the export target set for 2019.