For years global trade predictions have been marked by inconsistency, with leading organisations providing conflicting forecasts.

"We cannot continue to rely solely on processing; we need to take control of raw materials and all stages of product design," emphasized Deputy Minister of Industry and Trade Phan Thi Thang at the Trade Promotion Conference with Vietnam's overseas trade offices in August 2024.

Governor Tiff Macklem talks about how geopolitical, economic and social forces are changing global trade. He also discusses how Canada can benefit from trade shifts and prepare for future supply shocks.

Deputy Prime Minister Tran Hong Ha recently signed and issued Directive 28/CT-TTg, outlining measures to address challenges and promote the production and consumption of cement, steel, and other building materials.

The summer-autumn rice crop of 2024 has seen farmers in the Mekong Delta achieve a profit of VND50 million per hectare when cultivating ST25 rice, double the earnings from other rice varieties.

Cambodian Prime Minister Hun Manet on Tuesday called on exporters of agricultural products to target countries that have free trade agreements with the kingdom so as to reap maximum benefits from these trade pacts.

Recognising foreign direct investment (FDI) as a key driver for development, Hanoi has actively improved its investment environment, creating favourable conditions to attract major global corporations and businesses. Recently, the 2024 Capital Law was passed by the 15th National Assembly, introducing numerous special mechanisms that open up new development paths for the city, further enhancing Hanoi's appeal to large investors.

Việt Nam has emerged as a new export market, especially in the field of information technology products while many countries are currently applying trade barriers to these products.

The World Bank has projected that the Vietnamese economy will grow by 6.1% in 2024 and 6.5% in the subsequent two years, adding that the economy still maintains its resilience amid rising global challenges.

The country's logistics industry has recorded a growth rate of 13-15 per cent each year, making it an important service industry and boosting the nation's socio-economic development.