South Korea’s Ministry of Trade, Industry and Energy said yesterday that it has launched the fifth round of negotiations with Malaysia for a bilateral free trade agreement (FTA) as Seoul aims to broaden its trade portfolio.

Especially when being investigated by other countries for tax evasion, affecting Vietnam's export activities.

Việt Nam wants to strengthen co-operation with the EU for green transformation, and views the bloc as an important partner.

There will be more opportunities for Vietnamese companies to connect and work with international businesses and engage more deeply in the global network to facilitate the transfer of technical know-how and in training a skilled labour force.

The Government has promulgated Decree No. 131/2024/ND-CP on the special preferential import tariff schedule for the implementation of the Viet Nam-Israel free trade agreement (VIFTA) for the 2024-2027.

Explaining the increase in orders, Trương Văn Cẩm, deputy chairman of the Vietnam Textile and Apparel Association, said the increase in orders was mainly due to a shift from other countries to Việt Nam, not due to increasing market demand.

Traders attribute the price increase and the sustained high levels over recent months to China’s shortage of domestic areca nut supply, leading to an uptick in imports from Việt Nam.

The two countries pledged to work together to increase bilateral trade to $20 billion and double two-way investment.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which has helped generate impressive growth of Vietnam’s exports in the last five years, still has great potential for exploitation, according to experts.

The issuance of official export permits has driven record-breaking export revenues from key fruits to China, highlighting Vietnam's growing influence in the market.