Despite global volatilities, Vietnam’s economy has rebounded strongly this year beyond the forecasts of many international organizations, making the country one of the rare bright spots in the global gloomy picture.

Washington’s ban on hi-tech exports to China marks a huge gambit for economic supremacy for the next decades.

Apple in June this year was reported to be moving some iPad production out of China and shifting it to Vietnam, together with other tech giants such as Google, and Microsoft, making the country a hotter-than-ever destination in the wave of global shift away from Chinese production.

Vietnam is expected to reap the most investment and trade benefits from the (RCEP) when compared to many other trade pacts, as most of the country’s largest foreign investors are from the deal’s member economies.

Asia — especially Southeast Asia — remains a bright spot, even as the global economy looks set to head into recession next year, economists say.

After two years of port congestions and container shortages, disruptions are now easing as Chinese exports slow in light of waning demand from Western economies and softer global economic conditions.

A delegation of enterprises from Styria, the second biggest in term of area and the fourth populous state of Austria, arrived in Vietnam last weekend to learn more about business opportunities in the Southeast Asian country

Vietnam’s 28 coastal localities have scored achievements in fighting illegal, unreported and undocumented (IUU) fishing towards having the “yellow card” warning of the European Commission (EC) lifted.

The Vietnamese footwear market is anticipated to hit US$38.7 billion in value by 2031, doubling this year’s estimated figure of US$19.1 billion, according to market research firms.

Vietnam is seeing great opportunities in the US market, said Commercial Counsellor in the US Do Ngoc Hung who showed optimism about Vietnam-US trade prospects.