Vietnamese Deputy Minister of Industry and Trade Do Thang Hai and Colombian Deputy Minister of Trade, Industry and Tourism Soraya Caro Vargas signed a Memorandum of Understanding (MoU) on trade, investment, and industrial cooperation, and co-chaired the first meeting of the Joint Economic Committee of the two countries on September 27 in Bogota.

According to Global Finance, among Southeast Asian countries, Vietnam possesses countless factors to become a favorite investment destination for FDI capital flows.

Following the elevation of the relationship to Comprehensive Strategic Partnership, there's no doubt that bilateral trade, particularly in the agricultural sector, would continue to thrive.

Reputable organizations in the world forecast GDP growth in 2023 of Vietnam can be ranked first compared to other countries in the Southeast Asian region (ASEAN).

Mr. Vuong stated that in recent times, the trend of shifting global supply chains has been strong. Many major corporations have been actively seeking to expand their networks and develop production facilities in Vietnam.

Amidst the increasing demand for raw materials in the food, cosmetics, and pharmaceutical industries, and Vietnam’s participation in various free trade agreements, the country’s herbal products, particularly cinnamon and star anise, are well-positioned to capitalise on the opportunity for development, heard a conference in Hanoi on September 28.

Solutions to promote the development of Vietnamese brands in member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) agreement were discussed at a seminar hosted by the Cong Thuong (Industry and Trade) magazine in Hanoi on September 27.

Amid a decrease in industrial production, Vietnam is under great pressure to help the economy out of its woes and to touch its desired economic growth targets from now until 2025.

In an era marked by increasing globalization, geopolitical tensions, and shifting economic landscapes, businesses worldwide are constantly evaluating their strategies to ensure resilience and sustainability. A relatively new concept that has gained attention in recent years is “friendshoring” – a strategic approach to offshoring or outsourcing that prioritizes countries with which a company’s home nation shares amicable diplomatic, economic, or trade relations.

India will seek the removal of ‘additional Final Bound Total Aggregate Measurement of Support (FBTAMS) entitlements’ at the next WTO interministerial meeting