Despite headwinds caused by geopolitical tensions, Vietnam has seen solid overseas investment, laying the ground for the country to boost inflows and realise its socioeconomic goals.

The Covid-19 pandemic and geopolitical tensions have disruptions global value chains. This has proven to be both a boon and bane for ASEAN.

With an impressive growth rate of 8.02% in the first year of implementing the socio-economic recovery and development programme, the Vietnamese economy reached 9.51 quadrillion VND (over 400 billion USD) in 2022.

Many seafood enterprises, especially export units, are investing in green production to meet the requirements of sustainable exports.

Japan wants the Group of Seven advanced economies to take a coordinated approach this year aimed at preventing the “economic coercion” that China has applied to some of its trading partners.

Russia is continuing to move away from World Trade Organization principles but the U.S. currently has little ability to press Moscow on this issue.

Despite impacts caused by COVID-19 pandemic and natural disasters in two years, two-way trade between Vietnam and Laos has regained its growth momentum.

UK pharmaceutical exports to Vietnam witnessed a strong growth rate of 32% in the first nine months of 2022, according to British Ambassador to Vietnam Iain Frew.

In the latest survey by the European Chamber of Commerce in Vietnam (EuroCham), 41 per cent of respondents stated their company was shifting operations from China to Vietnam, up from 13 per cent in the third quarter.

The Government signed and promulgated 16 Decrees specifying Vietnam’s special preferential import tariff schedule for the implementation of the Trade Agreements and Economic Partnership Agreements.