India has initiated talks with the Association of Southeast Asian Nations (Asean) to address concerns over the rules of origin and trade imbalance. The move is part of ongoing efforts to renegotiate the trade agreement following a significant increase in the trade deficit with the 10-member block.

Growing protectionism and modernized trade enforcement are significantly affecting importers and exporters. Increased protectionism is leading to increases in landed costs for imported products. Better systems at customs agencies can lead to increases in cycle times for companies that are not on top of the complex documentation requirements associated with trade.

Production costs forecast to fall on lower input and transport prices.

Việt Nam has bright prospects for rice exports in the second half of this year due to increasing demand for rice in the world market, according to the Minister of Agriculture and Rural Development (MARD).

Vietnam will work to step up international integration in general and international economic integration in particular, significantly contributing to growth model reform towards sustainability, according to a government resolution.

Vietnam is expected to resume rapid economic growth over the medium-term economic outlook, and this “rising star” will be one of the fastest growing emerging markets in Asia, some foreign newswires have said.

The EU and ASEAN have diverging priorities in climate, security, technology, trade, and democracy. Stronger cooperation in these fields would enable the two blocs to tackle shared challenges and pursue common interests.

Vietnam’s 2023 growth is below-trend amid global external headwinds, but its position as a manufacturing FDI darling remains intact, DBS, Singapore’s leading consumer bank, said in a report released on July 3.

The heads of the World Bank and the World Trade Organization on Monday called for countries to boost efforts to make trade in global services more transparent and predictable, saying this could help developing countries reduce poverty.

Several measures have been recommended to help Vietnamese exporters cope with dwindling demand in many markets around the world.