China plays a key role in boosting global economic growth, World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala has said.

To deeply participate in the global supply chain, Vietnamese businesses are forced to improve their competitiveness, promote large-scale production and focus more on products with high technology content.

A Cambodian senior government official has painted a rosier picture for Cambodia-China economic and trade cooperation in 2024, saying that a steady increase in bilateral trade and investment volumes has benefited both countries and peoples.

Over the past few years, China has made remarkable progress in promoting high-standard financial opening-up, with a total of 1,110 foreign institutions already entering the local bond market. However, there is still a long way to go before the Chinese financial market realizes a highly efficient allocation of global financial resources. The country needs to make further efforts in deepening reforms, improving the system, optimizing policies and promoting their implementation.

According to experts, in 2023, although there were still many difficulties in promoting economic growth, the positive effects of fiscal and monetary policies were shown.

Consumption demand is forecast to be among the main contributors to economic growth in 2024, along with public investment and export activities.

Over 17 years of being a member of the World Trade Organisation (WTO), Vietnam has seen hallmark economic growth thanks to economic integration into the world, providing strong momentum for further development.

Việt Nam's economic outlook for 2024 is anticipated a 6 per cent growth, driven by a rebound in exports, AMRO forecasts.

On January 12, the Vietnamese German Joint Economic Committee (JEC) was officially launched in Hanoi and Berlin. Due to the COVID-19 pandemic, the meeting took place virtually, with the participation of many officials and representatives from the Vietnamese and German government and businesses. The Vietnamese Minister of Industry and Trade, Mr. Tran Tuan Anh, and the German Minister of Economic Affairs and Energy, Mr. Peter Altmaier jointly chaired the inaugural meeting.

China’s recent removal of tariffs on all dairy products from New Zealand, including milk powder used for both general consumption and processing to infant formula, could spell huge potential for brands that have a strong focus on quality and sustainability.