Việt Nam exported nearly 1.2 million tonnes of coffee over the past eight months of this year, earning nearly $3 billion, down 5.7 per cent in volume but up 32.3 per cent in value thanks to increased selling prices.

China is taking proactive steps to advance its accession into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and Digital Economy Partnership Agreement, the Ministry of Commerce said on Thursday.

Việt Nam should set up an early warning system for trade defence to help support Vietnamese products in foreign markets, said industry leaders and policymakers.

Collaboration between private sectors, regular exchanges of trade delegations is essential for improved ties

The United States and China are the two global economic heavyweights.

The two sides discussed China-EU trade relations, electric vehicles, 5G, supply chain among other topics.

Simon Birmingham, trade minister at the time of the imposition of the ‘tariffs’, recently restated his long-held view that: ‘the tariffs should never have been put in place in the first place. It was an attempt at economic coercion’ and they ‘contravene the rules of both the World Trade Organisation (WTO) and Australia’s free trade agreement with China (CHAFTA)’.

The processing of traditional Vietnamese food products meeting international quality standards is a new direction chosen by many companies in a bid to boost exports.

Taiwan and Britain signed an Enhanced Trade Partnership on Wednesday that Taipei hopes will further boost its case to join a major pan-Pacific free trade pact and bolster the island's ties with other European states.

The soaring rice prices are not necessarily an advantage for Vietnam and could pose the risk of losing market share. In this context, technology will be the key to optimizing the various stages of rice processing, thereby enhancing the efficiency and value of the production chain.