There is ample room for both Vietnam and Indonesia to boost their economic, trade and investment ties, aiming to meet the US$18 billion trade target soon, delegates agreed at a workshop in Hanoi on March 27.
The Vietnamese delegation is closely tracking all Specific Trade Concerns, with a keen interest on rules impacting Vietnam’s key and potential exports at the regular session of the World Trade Organisation (WTO) Committee on Technical Barriers to Trade (TBT Committee) in Geneva, Switzerland from March 25-28.
The annual revenue of the industry in Vietnam expected to exceed $25 billion, with an annual value-added growth rate of 10-15% in the 2024-2030 period.
Australian Ambassador to Laos Megan Jones visited Savannakhet Province from 25-26 March to promote deeper trade and investment between Australia and Laos under Invested: Australia’s Southeast Asia Economic Strategy.
Brunei Darussalam’s gross domestic product (GDP) at constant prices, grew at six per cent year-on-year in the third quarter (Q3) of 2024. This growth was driven by a 12.9 per cent expansion in the oil and gas (O&G) sector, while the non-O&G sector saw a growth of 0.3 per cent.
Switzerland is seeking strong economic and trade ties with Cambodia.This was revealed by Helene Budliger Artieda, State Secretary for Economic Affairs of the Swiss Confederation on Tuesday as she received Cham Nimul, Minister of Commerce, in her office in Berne, Switzerland.
President Trump’s potential second term increases global uncertainty, reshaping trade policies and impacting the economy. Thailand faces challenges from U.S. tariffs, sluggish recovery, and the need for strategic adaptation among businesses.
APEC is becoming increasingly significant in addressing contemporary trade and investment issues, with a strong focus on regional economic integration. Despite challenges like US tariffs and rising protectionism, APEC remains steadfast in advocating for economic openness while promoting inclusion and sustainability across its member economies. As part of its 2025 agenda, APEC embraces digital technology and services to address regulatory variations and differing standards that impact trade, aiming to foster greater cooperation and sustainable growth throughout the Asia Pacific region.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
