The political popularity of the European Chips Act does not necessarily make centrally planned investment in chip manufacturing a great idea.

The US has warned European countries that a conflict over Taiwan would cause a massive global economic shock, in a bid to step up emergency planning amid mounting concerns over military action in the Indo-Pacific.

Economic cooperation is a driving force of the comprehensive partnership between Vietnam and Canada, Vietnamese Ambassador to Canada Pham Cao Phong has said.

The official visit to Vietnam from November 13-14 by German Chancellor Olaf Scholz is expected to open a new chapter in sound cooperation and friendship between the two countries.

After signing 17 Free Trade Agreements (FTAs), Vietnam has been successful in expanding its market to 200 nations and territories, including 50 key exporting countries.

The WTO should tackle trade barriers for low carbon industries among other measures aimed at addressing the role of global trade in driving climate change, Director-General Ngozi Okonjo-Iweala said in a report published on Monday.

A number of international financial institutions have recently described Vietnam as an economic bright spot amid a gloomy outlook for the global economy.

Vietnam's garment industry is expected to face a decline in orders from its key markets over the next two quarters, the country's textile and apparel association said on Monday, amid high inflation that is dampening global demand.

Strong support for such talks coming from Germany is significant as the country was the heartland of public protest against previous negotiations for a deal with the US.

Hong Kong expects to be joining the Regional Comprehensive Economic Partnership (RCEP) as the administration sets to discuss its inclusion with all 15 RCEP members next year.