There is still room for Vietnamese exports to grow in the Association of Southeast Asian Nations (ASEAN) market, including rice, the country's major export. However, it is necessary for enterprises to review the import demand of each country, pay attention to brand building as well as enhance the competitiveness of Vietnamese rice, experts said.

According to the Vietnam Federation of Industryand Trade (VCCI), small and medium-sized enterprises currently account for about 98% of the total number of businesses operating in Vietnam, contributing 45% to the country’s GDP and 31% to the state budget, while attracting more than 5 million workers. However, they arethe most affected by the COVID-19 pandemic over the past two years.

Tariffs on steel imports from China and other countries are to be extended for another two years, the UK government has announced, admitting the move risks breaching World Trade Organization (WTO) rules.

A forum to promote trade cooperation between Vietnam and Belgium took place in Brussels on June 28, as one of the main economic events between the two countries held after a long hiatus due to the COVID-19 pandemic.

Vietnam is emerging as a good option for Kiwi exporters looking to diversify where they sell their goods, said New Zealand’s new site 1news.co.nz in a recent article.

The European Commission signed a free trade deal with New Zealand on Thursday (30 June), slashing much of the remaining tariffs between the two trading partners while keeping certain protections for European beef and sheep farmers and including unprecedented sustainability provisions.

The UK-Vietnam Free Trade Agreement (UKVFTA), which took effect in early 2021, has so far brought about positive outcomes for both countries, Deputy Director General Ngo Chung Khanh of the Ministry of Industry and Trade’s Multilateral Trade Policy Department has affirmed.

Việt Nam boasts great potential and advantages for developing the Halal industry, and the Vietnamese Government has paid special attention to supporting local businesses to join the global Halal market.

Hungary was the first European Union state to approve the EU-Vietnam Investment Protection Agreement (EVIPA). Vietnam and Hungary are expected to sign an agreement on cooperation between the two parliaments in replacement of the one inked in 2008.

The UN Conference on Trade and Development (UNCTAD) says the war in the Ukraine is stifling trade and logistics of the country and the Black Sea region, increasing global vessel demand and the cost of shipping around the world.