China on Thursday said it was adding dozens of American companies to its export control list to "safeguard national security and interests."

Most of them came from China, accounting for 32.3 per cent of the total import turnover by November 2024.

Indonesia's National Food Agency confirmed that the country will not continue to import rice as planned because domestic rice reserves are sufficient.

Indonesia has officially implemented a 12% value added tax (VAT) on luxury goods and services starting on January 1, marking an increase of 1% compared to the previous rate.

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.