According to Shinhan Securities Việt Nam, Vietnamese firms exporting to Europe and North America’s East Coast are being affected by Red Sea route changes.

The domestic logistics sector has made big strides over the past time, significantly contributing to national economic growth and generating jobs for labourers.

Representatives from about 50 Vietnamese enterprises and Khmer businesses of Vietnamese-origin gathered in Phnom Penh on January 16 to share their experience in operating and investing in Cambodia and foster their connections.

2023 marked a significant milestone for the forestry sector as Việt Nam successfully sold 10.3 million forest carbon credits (10.3 million tonnes of CO2) for the first time through the World Bank (WB) for US$51.5 million, said Deputy Minister of Agriculture and Rural Development Nguyễn Quốc Trị.

Vietnam’s trade sector harvested inspiring achievements in 2023, being listed in the top 20 nations in trade scale.

Free trade activities are not just gateways for trade and investment cooperation; they also attract resources and facilitate the transfer of modern production technologies. This enables businesses to engage more profoundly in the leading production chains of major global enterprises.

Currently 70 per cent of businesses have changed their strategies and have had many export orders.

At the dialogue, President Widodo suggested the two countries step up dialogues and high-quality cooperation to realise their common vision of becoming high-income nations by 2045.

China's foreign trade, buoyed by well-focused government support, an optimized trading structure and the diversification of trading partners, posted a better-than-anticipated performance in 2023, officials and experts said on Friday.

The tariffs are largely unchanged from the preliminary rates announced in August 2023, with the department implementing dumping rates of 123 percent for Chinese tin imports, 5 percent for Canadian tin imports, and 7 percent for German tin imports. However, the department also opted to set tariffs on some imported steel from South Korea, despite its preliminary determination to not do so.