Despite difficulties in export markets over the past time, Vietnam has earned a US$23.2 billion export turnover of agricultural, forestry, and fishery products in the first five months of 2022, up 16.8 percent while the trade surplus reached US$5.1 billion, up 3.1 times over the same period.

VKFTA, which became effective on December 20, 2015, is one of Vietnam’s first bilateral free trade agreements with an economic partner. Vietnam and South Korea are scheduled to apply the revised Product Specific Rules (PSR) under the Vietnam-South Korea Free Trade Agreement (VKFTA), which establishes the rule of origin requirements for products from August 1.

The export of goods was relatively favorable in the first months of the year with many orders in such large industries as textiles, footwear, etc. However, the risk of supply chain disruptions and interruptions in importing raw materials from China is posing many challenges.

According to experts, digital transformation in the economy in general and the service industry, in particular, is considered a direct driving force for economic growth and sustainable development sustainable in the medium and long term.

Ahead of a key ministerial meeting of the World Trade Organization (WTO) this month, at least 60 countries including India, China, Pakistan, Egypt, Indonesia and South Africa have proposed a new method to calculate subsidies given to purchase, stockpile and distribute food to ensure food security for developing and poor nations.

Technological innovation is one of the main fields of US–China competition. Competition in the semiconductor industry is a significant point of tension where the continued interference of US bureaucracies in the industry is a source of contention between the superpowers.

The lengthy period of the Covid-19 pandemic and the sudden Russia-Ukraine conflict has led to the development of policies and decisions that may not be entirely economic in their goals.

Permanent Deputy Prime Minister Pham Binh Minh has signed Decision No.667/QD-TTg, approving a strategy on foreign investment cooperation for the 2021-2030 period.

Vietnam Briefing examines Vietnam’s position in the China plus one strategy appearing as a favorable investment destination due to its proximity to China, its coastline, and lower export tariffs implemented by free trade agreements. We also look at the complementary relationship between Vietnam and China due to close trade ties.

The first quarter of this year witnessed total two-way trade turnover between the nation and Cambodia reach nearly US$3.4 billion, with the figure anticipated to reach over US$10 billion for the entire year.