In the context of the complicated global political and economic situation, German businesses affirmed that Vietnam is a top reliable partner and called on both sides to further open their markets, especially for small and medium-sized enterprises.

Global economy rocked again as rates on imports to the US from dozens of trading partners rose further, with China hit by 104% tariffs

USPresident Donald Trump's "reciprocal" tariffs on dozens of countries took effect on Wednesday, including massive 104% duties on Chinese goods, deepening his global trade war and spurring more widespread selling across financial markets.

South Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of US President Donald Trump's tariffs on a sector that has seen years of sharply rising exports to the US.

Singapore Prime Minister Lawrence Wong said on Tuesday a 10% universal tariff rate imposed by the United States does not look open for negotiation and warned of potential upheaval in the domestic economy from a global escalation of trade disputes.

The index for assessing the implementation results of Free Trade Agreements in localities (FTA Index) is a new tool that provides a transparent database for the Government, as well as central and local agencies in directing and supervising economic integration efforts.

A leader of the Vietnam Leather, Footwear and Handbag Association (Lefaso) highlighted that a 46% tariff would severely affect an industry employing over 1.2 million workers, 90% of whom are women.

Clothing and accessories retailers across the United States are delaying orders and freezing hiring ahead of tariff hikes that take effect Wednesday on products imported from Vietnam and China.

To ensure product quality from the ground up, the Ministry of Agriculture and Environment has launched residue monitoring programmes at key growing areas and packing facilities.

Continued dialogue between the two governments of Vietnam and the US will create significant opportunities for US exporters, including those in the agricultural sector. The US business community is eager to push for a free trade agreement with Vietnam, which would enhance market access and reduce tariffs, particularly when compared with other nations that already have trade agreements with Vietnam.