Thailand is striving to become a centre for MICE (Meetings, Incentives, Conferences, and Exhibitions) tourism in Southeast Asia, and considering Việt Nam as one of its potential partners for cooperation in this field.

Balancing the factors of ensuring trade security and facilitating trade is a new requirement for the Customs agency in the trend of global trade liberalization. A very important issue today is how to correctly forecast trends in trade and investment relations to accurately plan, directions and determine appropriate international cooperation priorities.

Within the framework of the 27th St. Petersburg International Economic Forum (SPIEF 2024) in Russia, a Vietnamese delegation on June 6 held working sessions with representatives from the Russian Ministry of Economic Development, St. Petersburg’s foreign affairs committee and Russian companies – Novatek and Sistema.

Việt Nam has transformed itself to emerge as a major global production hub capable of supplying a wide range of products at competitive prices and with improving quality, Deputy Minister of Industry and Trade Phan Thị Thắng said at the Export Forum on Connecting International Supply Chains in HCM City on June 6.

Deputy Minister of Agriculture and Rural Development Hoang Trung on June 6 held talks with Zhao Zenglian, Vice Minister of the General Administration of Customs of China (GACC), in a bid to enhance the countries’ agro-forestry-fishery trade.

According to data from the Ministry of Industry and Trade, total export turnover taking advantage of preferential tariffs under the FTA in 2023 will reach 86.1 billion USD, accounting for 37.35% of total export turnover to FTA-signed markets.

The US's recognition of Vietnam as a market economy will help expand business opportunities for Vietnamese businesses. In particular, with the growing trade flow between the two countries, exports to the US are more favorable.

Continuing the downward trend of 2023 (up to 25%), in the first 4 months of 2024, the number of cars consumed on the market is still falling to a worrying level, high inventory, causing difficulties for automobile manufacturing and trading enterprises. The question is how the Vietnamese automobile industry will develop and how competitive the products will be in the context of the import tax reduction roadmap implemented when Vietnam implements its commitments in the Free Trade Agreement between Vietnam and the European Union (EVFTA).

In the first five months of the year, Vietnam’s exports totaled an estimated 156.5 billion USD, up 15%. The number of new businesses and businesses resuming operation increased 10.6% over the same period last year. Experts say, however, that production and business are still struggling. The Government, ministries, and localities are implementing policies to help businesses take advantage of free trade agreements.

China is open to holding dialogues with the European Union to resolve trade frictions and will take all necessary measures to safeguard the legitimate interests of Chinese companies, said senior Chinese commerce officials in Europe.