Prime Minister Pham Minh Chinh and leaders of Vietnamese ministries, agencies and localities on December 16 attended a dialogue with major Japanese economic corporations on green transition and social infrastructure, as part of his working trip to the East Asian country for attendance at the Commemorative Summit for the 50th Year of ASEAN- Japan Friendship and Cooperation and bilateral activities.

SThe finance ministry said Tuesday it will lower import tariffs levied on 77 industry products and food items through tariff quotas next year in an effort to curb inflation and ensure stable supplies of key products.

Đặng Phúc Nguyên, General Secretary of Việt Nam Vegetable and Fruit Association, forecast that the export revenue would surpass US$6 billion and even reach $7 billion in 2024, providing a significant momentum for Việt Nam to become a global food powerhouse.

Việt Nam continued to show improvement in economic activities, according to the latest report by the World Bank (WB).

Vietnam, together with China and some other Asian countries, is among the 20 countries with the fastest economic growth over the last 10 years, according to Yahoo Finance.

Vietnam enjoyed a trade surplus for the eighth consecutive year with US$26 billion over the past 11 months, three times higher than the figure recorded last year, heard a conference aimed at reviewing the industry and trade sector held on December 20 in Hanoi.

China and Nicaragua announced on Wednesday they agreed to upgrade bilateral relations to the strategic partnership, vowing to expand bilateral trade and bring their Free Trade Agreement (FTA) into force as soon as possible.

The European Commission, the executive arm of the EU, revealed on Tuesday that retaliatory measures, initiated during the Trump era, will be put on hold for 15 months until March 31, 2025, providing a temporary respite in the steel tariff war.

The EU-Vietnam Free Trade Agreement (EVFTA) is an agreement inclined towards sustainable development. The EU’s CBAM (Carbon Border Adjustment Mechanism) has posed a new challenge for Vietnam’s exports to enter the EU market.

In light of the recent incident involving the destruction of two shipments of Vietnamese durians and peppers by the Japanese authorities, the vulnerability of Vietnamese agricultural exporters remains a pressing concern. This risk is particularly pronounced as importing markets tighten their standards for clean and green practices, necessitating a more proactive and comprehensive approach from the sector to keep its buyers and maintain a competitive edge.