Vietnam has risen to the top three largest textile and garment exporting countries in the world. However, it is worrisome that the development structure of enterprises in the textile and garment industry is unbalanced, with garment enterprises accounting for the majority and those producing raw materials being very few. This fact makes the textile industry face the challenges of instability of growth.

Free trade agreements (FTAs) spurred Vietnam’s bilateral and multilateral trade, with 2022 revenues projected to hit a record 750 billion USD, according to experts.

Việt Nam has great potential to increase fruit exports to the US in the future, said Hoàng Trung, director of the Plant Protection Department under the Ministry of Agriculture and Rural Development.

China will continue to advance its accession into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement (DEPA), according to its commerce ministry, which recently reiterated China's commitment to achieving a comprehensive and high-level Free Trade Area of the Asia-Pacific (FTAAP).

As the world economy struggles with a lingering pandemic and increasing headwinds, China is expected to continue to act as a stabilizer for the global economy with its sound long-term fundamentals.

THE ongoing war between Ukraine and Russia, both significant producers of wheat and other food items, coupled with supply chain constraints that already existed prior to the war, is wreaking havoc with food prices globally.

Vietnam has signed 15 free trade agreements (FTAs), including several new generation FTAs, a move which is anticipated to create a breakthrough in trade and produce a large trade surplus in the year ahead.

Accelerating the implementation of large-scale investment projects of Vietnamese enterprises in Laos whilst promoting a number of new and strategic investment co-operation projects in the future will be of great significance for economic investment ties between the two nations.

The Regional Comprehensive Economic Partnership (RCEP) free trade pact is the best example of an open, inclusive and rules-based trading system, Cambodian Prime Minister Hun Sen said on Friday.

The import-export value of foreign direct investment (FDI) firms reached US$187.3 billion during the five months of the year, representing a year-on-year rise of 14.3%, with exports growing by 13.3% to US$98.8 billion, according to the General Department of Vietnam Customs.