The State Bank of Vietnam (SBV) is cutting down a series of key interest rates by 0.25%-0.5% from June 19, which is expected to make a double impact on the economy thanks to stronger credit activities and higher liquidity.

In recent days, many seafood businesses have reported a decline in business results and profits since the beginning of the year. The market landscape is largely covered in shades of gray as the global economy remains unstable, with inflation showing no signs of cooling down in many major countries. Vietnamese seafood exports to key markets continue to decline sharply in April 2023, reflecting the impact of inflation and economic downturn in countries with import demands and seafood consumption.

Delegates from EFTA – Iceland, Liechtenstein, Iceland, Norway and Switzerland – and Thailand convened in Oslo from June 13 to 16 2023 for the fifth round of negotiations towards a comprehensive free trade agreement.

In the first 4 months of 2023, Vietnam pangasius exports brought in nearly 570 million USD, down 41% compared to the same period last year. The world market is still heavily affected by inflation and economic slowdown, causing a decrease in seafood consumption demand, leading to a decrease in the volume and price of Vietnam's pangasius exports during this period. Vietnamese pangasius exports to many markets was continuously at a lower rate compared to the same period in 2022.

China is still the largest importer of Vietnamese agricultural products and accounts for more than half of all such exports, according to the Director of the Investment and Trade Promotion Center of Ho Chi Minh City (ITPC) Tran The Lu.

A deep drop in Vietnam seafood exports in the first quarter of 2023 caused many seafood enterprises to adjust their business targets for the year.

Prabhash Ranjan writes: Trade multilateralism might be out of fashion for the US, but remains of vital salience for countries like India. Hence, India, under its G20 presidency, should work with others to drive the WTO reforms agenda aimed at making trade multilateralism inclusive

India and the UK are seeking equal treatment in each other's market for their respective companies engaged in the services sector under the proposed free trade agreement, which is under negotiations, a government official said. The two countries are looking at promoting trade in services through this agreement, negotiations for which was launched on January 13, 2021.

Addressing the WTO Membership this morning, the head of the EU’s trade department, Sabine Weyand, highlighted the EU’s steadfast commitment to openness and multilateralism amidst serious external shocks, rising trade tensions and uncertainty. She elaborated on the EU’s non-discriminatory and transparent response to the unprecedented environmental crisis through its Green Deal and climate policy, stressing the EU’s willingness to engage in dialogue with its trading partners on measures like its Carbon

The implementation of free trade agreements (FTAs) and regional mega trade pacts have resulted in a loss of custom taxes for Cambodia, but has also boosted investment flows, created jobs, and increased exports, said Kun Nhem, director-general of Customs and Excise, while speaking at a workshop yesterday.