EU Commissioner for Agriculture Janusz Wojciechowski share their hope that, during the upcoming visit to Vietnam, the two side will discuss specific measures to promote substantive agricultural cooperation between Vietnam and the EU.

Vietnam must promote the trade of legally produced wood and avoid illegal sources to secure a firm foothold in the US furniture market, according to Chairman of the Vietnam Timber & Forest Products Association (VIFORES) Do Xuan Lap.

How has the war in Ukraine affected Israeli-Russian trade and how have the Jewish state’s communities of Russian speakers from Russia and Ukraine responded to it?

The European Union wants to accelerate efforts to finalise trade agreements with third parties after a six-month pause, as the bloc adapts to the Ukraine war and other challenges, EU trade commissioner Valdis Dombrovskis said on Friday.

The recently launched US-led IPEF, which includes 13 Asian countries, is not a traditional free trade agreement but its success will depend on whether it offers tangible benefits to participating countries.

Amid ever-increasing foreign investment, high-tech industrial projects are attracting large amount of foreign direct investment (FDI) capital into the nation, with the country widely viewed as an ideal investment destination, according to industry insiders.

Vietnam’s export value to the European Union (EU) grew further in the first five months of this year, with a trade surplus of 13.4 billion USD, up nearly 47 percent, thanks to their bilateral free trade agreement.

In pursuit of the policy of proactive integration into the global economy, the country has joined 15 FTAs, including many new generation FTAs which feature comprehensive commitments such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-Vietnam Free Trade Agreement (EVFTA), and the Regional Comprehensive Economic Partnership (RCEP).

The Vietnam Manufacturing Purchasing Managers' Index (PMI) rose to 54.7 in May from 51.7 in April, signaling a marked monthly improvement in the health of the private sector midway through the second quarter.

The economic and financial sanctions imposed on Russia after its illegal invasion of Ukraine will fundamentally change the international economic system with lasting implications for the way the global economy operates.