Although the EU-Vietnam Free Trade Agreement (EVFTA) appears to be a boon for Vietnamese pepper, expanding market reach in Europe requires much more than FTA-induced tariff advantages.

Vietnam and Russia boast huge potential for cooperation in economy, trade and investment, and the two countries should take the collaboration as a main priority in the bilateral relations, a Russian industrialist has said.

Vietnamese exports to China will no longer be subject to Covid testing from January 8th, the Ministry of Industry and Trade has announced.

Vietnam’s export of agro-forestry-fisheries hit new records this year amid fluctuations in the world market, said Minister of Agriculture and Rural Development Le Minh Hoan.

China’s lagging growth a key threat this year, IMF managing director Kristalina Georgieva said, while the US is ‘most resilient.’

On the eve of the New Year, Việt Nam News Agency spoke with Minister of Industry and Trade Nguyễn Hồng Diên about difficulties which hit the economy and businesses in 2022 and new directions to create momentum for boosting production and export in the coming year.

Vietnam reported a trade surplus in 2022, the seventh consecutive year, of $11 billion, nearly three times higher than 2021.

The World Trade Organization (WTO) has warned member countries from adopting the new trade restriction measures, saying its implementation would have a negative effect on the economy.

Since the EVFTA came into effect on August 1, 2020, Viet Nam’s two-way trade turnover has achieved impressive growth, despite the severe impact of the COVID-19 pandemic, logistics and supply chain crisis, and geopolitical fluctuations.

The country has gradually developed into a semiconductor manufacturing hub for the growth of the chip manufacturing sector.