Singapore’s economy grew faster than expected in 2024, surpassing earlier projections, despite a slowdown in the fourth quarter (Q4), according to the country’s preliminary government data.

Asian Development Bank’s report puts the country’s GDP growth in 2024 at just 2.6 per cent, considerably lower than for the region as a whole

Vietnam’s total import and export value in 2024 is estimated at 786.07 billion USD, a 15.4% increase compared to 2023, with a trade surplus of 23.75 billion USD, marking the highest level ever, according to General Director of Customs Nguyen Van Tho.

According to a VNA reporter in Singapore, the country has applied a number of new regulations in import-export procedures and is consulting on a number of related issues.

Minister of Industry and Trade Nguyễn Hồng Diên talked to the Vietnam News Agency (VNA) about 2024 - a year the economy faced a mix of challenges, but also saw the country making the most out of Free Trade Agreements (FTAs), especially the new-generation ones, to find opportunities.

Vietnamese exporters face challenges from UK requirements on greener products but non-compliance may put them at risk of losing market access.

The EU market is increasingly setting stronger green standards for imported goods. This not only creates great challenges but also opens up new opportunities for Vietnamese businesses if they know how to transform. So what should businesses do to adapt and take advantage of this opportunity? Vice President of the European Chamber of Commerce in Vietnam (EuroCham) Nguyen Hai Minh (photo) said that to take advantage of this opportunity, businesses need to constantly innovate, update information, improve green production capacity and closely coordinate with management agencies as well as international partners.

Vietnam's fruit and vegetable exports have been facing the opportunity to become a commodity with export turnover of 10 billion USD as a series of fruits continue to open their markets.

The Trade Remedies Authority of Việt Nam recommends businesses involved in the production of the goods carefully review the investigation notice and comply with Indian authorities.

The first round of negotiations for a free trade agreement (FTA) between the Philippines and Chile has been set for March.