Vietnam recorded a 24% year-on-year increase in exports to the US in the second quarter, ranking second in the ASEAN region after the Philippines, which saw a 35% rise, according to Nikkei Asia trade data published on its site on October 31.

International press and UAE newspapers unanimously believe that the Vietnam - UAE CEPA Agreement will open up new economic cooperation paths that are beneficial to both countries.

One of the bright spots in Vietnam’s economic picture in the first nine months of 2024 was its commodity export revenue of 299.6 billion USD, an increase of 15.4% over the same period last year.

The negotiations were first launched in 2007 and then suspended in 2013 due to “a gap in ambition”. The talks resumed after the India-EU leaders’ meeting in May 2021.

After a year-long investigation, the EU has moved forward with finalising tariffs on EVs imported from China, solidifying an earlier provisional measure. These tariffs, effective from 31st October, will remain in place for five years, targeting Chinese manufacturers whom the EU Commission claims benefit from substantial subsidies provided by Beijing. Earlier in October, 10 EU member states voted in favour of the tariffs, while five including Germany opposed, and 12 abstained.

Seafood is one of the key industries contributing significantly to Vietnam's export turnover. In the first nine months of the year, seafood exports brought in US$7.16 billion, an 8.5% increase compared to the same period in 2023. Among the factors driving this success, aside from favorable market conditions, the effective utilization of Free Trade Agreements (FTAs), including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has played a crucial role. However, along with achievements, the industry also faces challenges, including market competition and trade defense lawsuits. Nguyen Hoai Nam, Deputy Secretary-General of the Vietnam Association of Seafood Exporters and Producers (VASEP), shared insights on these issues.

The Ministry of Finance deploys a pilot project for smart border checkpoints at Hữu Nghị (Việt Nam)-Youyi Guan (China) International Border Gate Pair.

Banks consistently prioritize providing affordable capital for import-export enterprises which are parts of the five priority sectors under a preferential short-term credit program in Vietnam dong with an interest rate capped at 4 percent per year.

The European Commission's decision to impose extra tariffs on China-made electric vehicles (EVs) is typical trade protectionism, a Chinese Foreign Ministry spokesman said on Wednesday, urging the European Union (EU) to refrain from further escalating trade frictions with China.

China has told its carmakers to halt big investment in European countries that support extra tariffs on Chinese-built electric vehicles (EVs), two people briefed about the matter said, a move likely to further divide Europe.