The United States has moved to drop Vietnam from its the monitoring list for currency manipulation as the Southeast Asian nation exceeded the threshold for the criterion of surplus of trade in goods and services with the US.

The application of global minimum corporate tax from the beginning of 2024 is expected to be an effective tool to prevent transfer pricing and tax evasion, thus helping to increase State revenue through additional tax collection.

According to the Ministry of Industry and Trade, in the first five months of 2023, export activities continued to be affected by difficulties in production, a decrease in export orders, and a decrease in export prices.

The EU's ban on deforestation-linked imports are causing concern among Vietnamese producers as the requirements to trace commodities back to their origin can push up costs and entail finding alternative suppliers.

The recent Group of Seven summit in Hiroshima and the subsequent Group of 20 tourism meeting in Kashmir underscored the stark contrast between the two groups’ rhetoric. While the G20 emphasized its “one Earth, one family, one future” motto, the G7’s combative attitude could be summarized as “We must divorce China”.

Việt Nam's economic growth continued to face challenges which were seen in a slowdown in industrial production and declining exports due to weak external demand and global uncertainties, the World Bank’s June edition on Vietnam Macro Monitoring showed.

THE World Trade Organization (WTO) largely backed Japan on Monday (Jun 19) in its challenge to Chinese anti-dumping duties imposed in 2019 on imports of Japanese stainless steel.

In the first five months of the year, the rice industry brought in a record export turnover of $1.9 billion, up 41.6% over the same period last year. Meanwhile, the export price of rice also increased to a 2-year high, surpassing both Thailand and India.

Vietnam is among the six ASEAN economies forecast to grow by 4.2% in 2023, outpacing the global gross domestic product (GDP) growth of 2%, according to Maybank Group president and chief executive officer (CEO) Datuk Khairussaleh Ramli.

On 19 June, the WTO circulated the panel report in the case brought by Japan in “China — Anti-Dumping Measures on Stainless Steel Products from Japan”