The United States Trade Representative‘s annual report claims China is causing damage to global industries through massive domestic subsidies, a statement China challenges in the World Trade Organization given the large subsidies the United States has provided under the Inflation Reduction Act and the CHIPS and Science Act. As countries around the world, including Australia and Japan, follow suit and offer substantial industrial subsidies, a race to the bottom risks damaging consequences for global productivity and growth.

From the beginning of the year to May 20, Vietnam poured US$136.07 million in investment capital into projects abroad, equaling 43 percent over the same period of 2023.

The EU is an important market for Vietnam’s agricultural exports, however, strict requirements on quality as well as strong competition in this market require Vietnamese exporters to adapt effectively.

Malaysia on Tuesday laid out plans to develop the country as a global chip hub, including allocating at least $5.3 billion in fiscal support and training 60,000 engineers.

The EU could soon follow the US and impose duties on imports of Chinese electric vehicles. That's set off alarm bells among German auto CEOs, who fear reprisals from Beijing.

As European procedures currently target Chinese subsidies for electric car, solar panel and wind turbine production, “The Chinese authorities have readied ample countermeasures”, claimed the China Chamber of Commerce to the EU on Twitter (X), relaying information published by the news app Jinri Toutiao.

The United States Trade Representative's (USTR) office announced a further extension of all China Section 301 tariff exclusions on 352 Chinese import and 77 pandemic-related categories through June 14, after which, the tariff exclusion for China’s graphite anodes will not be extended, the USTR announced on Friday May 24

The ACCA Asia-Pacific Dialogue programme focused on key topics such as sustainable finance and ESG integration, digital transformation in the financial industry and regulatory developments, reflecting the region's most urgent trends and challenges.

Digital platforms have played a key role in helping Vietnamese firms take their high-quality products to the world, insiders have said.

The steel industry in Vietnam is expected to have a positive outlook for 2024, with major companies like Hoa Phat and Hoa Sen projected to experience significant recoveries, while small businesses may face challenges in finding output due to the recovery of steel prices and demand from large contractors.