China will control exports of some metals widely used in the semiconductor industry. The controls will require exporters to seek permission to ship some gallium and germanium products.

The agricultural sector is anticipated to face many difficulties in 2023, especially in terms of exports.

Vietnam is accelerating the adoption of cashless payment and refining the legal regulations for this activity.

China is Vietnam's largest trading partner. Since 2018 the bilateral trade turnover has reached US $100 billion. This is the first market to reach this record number. A bright spot for exporting agricultural products

India’s obsession to become a global supply chain alternative to China is flawed as such chains are confined to mass goods with low price tags.

Despite massive woes lingering, Vietnam’s industrial production has been witnessing a gradual escape from a go-slow, with economic growth bouncing back by dint of the government’s great efforts to remove enterprises’ obstacles.

The merchandise export turnover in May 2023 is estimated to reach more than US$29.05 billion, an increase of 4.3% compared to the previous month.

The Vietnam Fertilizer Association proposed to reduce export tax on urea fertilizers to zero to increase the competitive of exports.

Prime Minister Pham Minh Chinh asked ministries, agencies and localities to prioritise removing obstacles to production and business while chairing a teleconference between the Government and localities, and a regular cabinet meeting in Hanoi on July 4.

In the context of the global economic downturn and the lingering impact of challenges on the recovery process, many international organisations continue to highlight Vietnam’s positive economic outlook in 2023 thanks to the government's concerted efforts in boosting socio-economic recovery.