The year 2025 is set to be a challenging year for Southeast Asian countries that are looking to boost their economic growth while the world faces economic slowdown, geopolitical tensions, and trade fragmentation, particularly new tariff by the US – the largest economy in the world.
The Vietnamese Ministry of Industry and Trade (MoIT) and the Lao Embassy in Vietnam will continue to coordinate closely to promote economic - trade and industry - energy cooperation between the two countries.
The bilateral trade volume between Cambodia and South Korea reached $762 million by the end of last year, reflecting an 11.49% increase compared to the previous year. Cambodian exports accounted for $288 million of this total, rising by 13.77%, according to the Ministry of Commerce.
Experts from various economic research institutes believe the country’s partner status could have repercussions on trade and int’l relations
The local economy wrapped up 2024 on a positive note but it may be heading for a rough patch, with trade tensions and geopolitical conflicts heightening uncertainty over growth, inflation and interest rates, say analysts.
In 2024, Vietnam’s coal imports reached a record high in over a decade, with imports from key markets surging significantly. Notably, imports from Malaysia increased by 114 times compared to 2023.
Viet Nam’s trade with other ASEAN Member States hit over US$76.3 billion over the last 11 months of 2024, up 13.9 percent compared to the same period last year, only behind China, the U.S. and South Korea
Asian Development Bank’s report puts the country’s GDP growth in 2024 at just 2.6 per cent, considerably lower than for the region as a whole
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
