For the last few years, manufacturers have been utilising a China+1 strategy in order to not place too much reliance on one location, and areas like Southeast Asia and India are benefiting.

When historians look back on this year, events like the collapse of Liz Truss’s government and the congressional investigation into the Jan. 6, 2021 attack on the US Capitol may arguably pale in comparison to what the Biden administration announced on Oct. 7.

Apart from sweet gains, outbound investment ventures of many local groups are also strewn with many pitfalls.

Vietnam should focus on accelerating the disbursement of public investment and the economic recovery programme in the next two years to promote national growth.

India aims to raise the share of its exports in global trade to 3% by 2027 and 10% by 2047 from the current 2.1%, promoting hundred Indian brands as global champions.

The trade war has led to a 62% drop in tech electronics imports from China to the US since 2018.

Vietnam is likely to produce a trade surplus of US$10 billion this year despite enduring global market uncertainties and fluctuations.

Vietnam’s factories are bracing for a challenging end-of-year season as plunging orders from their main markets, U.S. and Europe, hamper their post-pandemic recovery.

Vietnam’s fishery sector is preparing for the visit by an EC delegation at the end of this month, during which they will inspect the fight against illegal, unreported and undocumented (IUU) fishing in the Southeast Asian nation.

The escalation of the US dollar reaching a record high of more than VND24,500 in recent times is anticipated to cause numerous challenges for Vietnamese firms due to the risk of exchange rate differences, according to insiders.