Viet Nam rice export prices continued to drop as the Philippines, its largest market for the grain, extended an import ban by another month, with the possibility of lasting until the end of the year.

In August, the government approved the sale of one million forest carbon credits to the World Bank, earning about $5 million.

The figure represents the highest disbursement level in five years, reflecting the sustained confidence of foreign investors in Việt Nam’s economic prospects and its efforts to improve the investment environment.

In 2024, bilateral trade reached 18.8 billion EUR, making Vietnam Germany’s most important trading partner in the Association of Southeast Asian Nations (ASEAN) and its sixth-largest partner in Asia.

Vietnam’s economy posted impressive growth in the third quarter of this year, with GDP estimated to rise 8.23% year-on-year - its second-highest third-quarter growth since 2011, just behind Q3 2022’s 14.38%.

Trump administration officials are considering easing tariffs on Scotch whisky after Prime Minister Keir Starmer raised the issue with President Donald Trump at last month’s state visit.

An agreement struck between Britain and the European Union in May to reduce friction on the trade of agricultural produce could be implemented within a year with "good political will”.

According to the Ministry of Industry and Trade, exports to the US and China face challenges, but Vietnamese goods continue to accelerate despite fluctuations in tariffs and war.

The European Commission will propose cutting steel import quotas by nearly half and hiking duties on volumes above those levels to 50% in line with tariffs imposed by the U.S. and Canada, two sources briefed on details told Reuters on Wednesday.

Treasury Secretary Scott Bessent predicted a “pretty big breakthrough” in the next round of trade talks with China, even as the Trump administration takes steps to support American farmers hurt by a decline in Chinese purchases of soybeans.