The new investment law, free trade pacts with China and South Korea and the Regional Comprehensive Economic Partnership (RCEP) along with peace prevailing in the country helped Cambodia to attract more foreign direct investment (FDI) in 2023, particularly to its industrial sector, according to experts.

The visit of a German delegation to Cambodia, led by Tino Chrupalla, Chairman of the AfD Parliamentary Group, further strengthened the economic ties between the two, according to the Council for the Development of Cambodia (CDC).

Việt Nam’s cashew industry eyes export growth despite global headwinds, according to insiders.

The Chinese government has agreed to more than halve tariffs on SA's iconic rooibos, the Department of Trade, Industry and Competition (dtic) said on Tuesday. This is offering the prospect of local producers ramping up exports to the world's largest consumer of tea.

The ministry said that the VAT law will be amended to expand the tax base, ensure transparency and eligibility, increase tax management efficiency, prevent tax avoidance and evasion, and ensure stable revenue to the State budget.

Ongoing tension in the Red Sea has hiked freight rates and increased the possibility of delays, warned the Ministry of Industry and Trade.

China remains an important market for multinational corporations (MNCs) this year as executives eye opportunities from a rebound in consumption, reported South China Morning Post on Monday.

Forecasts from international organisations indicate the possibility that global economic recovery will remain dim in 2024. In Vietnam, opportunities and challenges are intertwined, so the domestic economy is predicted to still face many challenges.

Việt Nam has more opportunities to boost fruit and vegetable exports to China this year due to signing more protocols to permit official exports of fruits and vegetables to this neighbouring market.

The Ministry of Agriculture and Rural Development has lowered its target for seafood export value for 2024 to US$9.5 billion from its previous expectation of $10 billion due to many challenges.