Durian has replaced dragon fruit as Vietnam’s biggest fruit export item after a 10-fold surge year-on-year to US$526 million in the first five months of this year.

In the seafood industry, localities and businesses have been focusing on implementing many solutions to prevent the decline in exports and overcome the difficult period.

Following the clear political indications that have emerged in recent months through three Ministerial meetings, delegations from the EFTA States (Iceland, Liechtenstein, Norway, and Switzerland) and India convened in New Delhi from 3 to 6 July 2023 to advance negotiations on a comprehensive Trade and Economic Partnership Agreement (TEPA).

After chaos in the banking industry, many analysts are now convinced that the world economy is heading for a “hard-landing" recession. Few seem to expect a “no-landing" scenario, in which the economy remains untroubled by rising interest rates—a fashionable opinion just weeks ago, and one which itself supplanted a common view late last year that a mild recession was certain.

India is at the forefront of global trade facilitation efforts, with an impressive score of 93.55 per cent in 2023 vis a vis 90.32 per cent in 2021, as per the recently released United Nations Economic and Social Commission for Asia Pacific's (UNESCAP) Global Survey on Digital and Sustainable Trade Facilitation.

Although Vietnamese rice has been exported to 150 countries and territories, markets for the product are mainly Asian countries and thus need to be diversified, according to experts.

Vietnam became the largest trading partner of Cambodia among members of the Association of Southeast Asian Nations (ASEAN) in the first five months of 2023 as bilateral trade made up nearly 50% of the total between Cambodia and ASEAN members during the period.

A delegation of the Ministry of Finance (MoF) led by Minister Ho Duc Phoc paid a working visit to Luxembourg from July 5 to 8.

The Ministry of Industry and Trade (MoIT) is collecting opinions on amending and supplementing a number of articles of Decree No. 14/2018/ND-CP detailing border trade activities in order to speed up the shift to official export.

The Government has issued a Resolution on improving the efficiency of international economic integration and promoting rapid and sustainable economic development in the period of 2023-2030.