Vietnam has the potential to become a world leading IT hub for its quality universities as well as young and trained workforce.

Trade deals under AfCFTA agreement are getting underway after a false start due to the economic fallout from Covid-19 – which also highlighted its importance to the continent.

Vietnamese exporters should make the most of the advantages created by the EU-Vietnam Free Trade Agreement (EVFTA) to help their products gain a firm foothold in the European market.

Several Vietnamese farm products are seizing upon opportunities to penetrate and gain a firm foothold in foreign markets, including demanding ones such as Japan, the EU and the US.

The country’s positive outlook is bucking the slowing trend of the region.

The Singapore Food Agency said it is seeking clarification on the details.

The International Monetary Fund lowered its growth outlook for 2023 and suggested that interest rate increases could spur a harsh global recession.

New international trade secretary Kemi Badenoch may have said that she wanted to move UK trade policy “beyond trade deals”, but her department is nonetheless continuing to press ahead with negotiations for more post-Brexit deals.

Despite the positive results, difficulties are still ahead, so trade promotion needs to be more focused than ever.

As exports increase, pangasius turnover in 2022 could reach a record of US$2.5 billion to US$2.6 billion, 56% higher than in 2021.