A number of large enterprises from the Republic of Korea (RoK) are continuing to pour investment into Vietnam, turning the Southeast Asian country into their leading manufacturing hub in the world.

Nearly 1,000 foreign enterprises from 28 countries and territories, including giants such as Boeing, Walmart, and Central Retail, have entered Vietnam to explore investment opportunities and seek partners since early September.

Vietnam will internalize additional tax and incentive policies to support the enforcement of the global minimum tax in early 2024, in order to prevent tax evasion and encourage foreign businesses to operate in the long term in the country, said Finance Minister Ho Duc Phoc.

Despite the weak external environment, the Vietnamese economy remains resilient, and recovery is expected to pick up in the near term, said Asian Development Bank (ADB) Country Director for Vietnam Shantanu Chakraborty.

Being considered a "market economy" by major importing countries such as the US and EU gives Vietnam an advantage in anti-dumping and subsidy investigations.

China and the European Union have agreed to exchange information on export controls as part of efforts to dial down tension over trade imbalances and geopolitical issues.

Vietnam’s central bank has signed an MoU to develop its cross-border payments service system together with five other ASEAN member countries. We discuss the benefits for Vietnam’s payments ecosystem and prospects for the financial services sector.

Brazilian President Luiz Inacio Lula da Silva said on Monday (Sep 25) that Vietnam has expressed interest in a trade deal with the Mercosur bloc of Brazil, Argentina, Paraguay and Uruguay, adding he will bring the topic up for discussion with those countries.

The signing of a historic free trade agreement (FTA) between the Philippines and South Korea marks a significant milestone in their relationship. This agreement, which was formalized during the 43rd ASEAN Summit in Jakarta, Indonesia, has the potential to strengthen economic ties and foster closer cooperation between the two nations.

According to the General Department of Customs, by the end of August, Vietnam had 2 export commodity groups with turnover growth of more than 1 billion USD compared to the same period in 2022: vegetables and fruits increased by 1.35 billion USD, means of transport and spare parts increased 1.22 billion USD; In addition, rice also increased by 832 million USD...