Economic growth in Southeast Asia is forecast to drop from 5.6% in 2022 to 4.6% this year, pressured by weaker demand as the global economy slows, says the Organisation for Economic Co-operation and Development (OECD)

It is imperative for the continent to overcome barriers to intra-African trade, grow more of its own food and find ways to process its raw materials in place, says WTO director-general Ngozi Okonjo-Iweala.

About 80 per cent of firms in Việt Nam have made ESG commitments or plans to do so soon. This move is primarily driven by the demands of consumers, employees, and investors.

The landmark free-trade agreement that the UAE and Israel enforced from April 1, 2023 following the signing of the Customs Cooperation Agreement two weeks ago has set the stage for a spectacular boom in the two-way trade and economic cooperation by unlocking immense market opportunities.

Regional economic bloc ASEAN is still on the path to materialize the target of doubling trade and investment values among its member states despite global uncertainties due to the Covid-19 pandemic and the war in Ukraine, Secretary-General Kao Kim Hourn said in a recent interview with Jakarta-based BTV network.

The value of textile and garment exports in the first quarter of 2023 reached 7.1 billion USD, down 17% compared to the same period in 2022, due to the impact of global inflation, according to the General Statistics Office (GSO).

The Chinese market and some countries are attracted by Vietnamese pangasius products because of their good prices. Pangasius exports in March and April 2023 are expected to increase gradually compared to the first months of the year.

As the COVID-19 pandemic recedes, Vietnam's rubber industry faces challenges from both the world market and internal factors that hinder the industry’s competitiveness. Finicky global markets are extremely competitive and well down the road of development, meaning Vietnam needs to catch up to keep pace.

Vietnam can take advantage of its population structure to promote economic development and attract foreign investment, according to foreign media outlets and experts.

The private sector forms a strong pillar of growth and economic development in any country.