The Cambodia-Korea Free Trade Agreement or CKFTA has started boosting the bilateral trade between the two countries two weeks after the pact came into force on December 1, 2022, amid encouragement for South Korean investors to invest in Cambodia’s processing and automobile industries.
The Association of Southeast Asian Nations (ASEAN) is a pioneering organization that brings together the countries of the region within the framework of economic and political cooperation
President Nguyen Xuan Phuc’s visit to Indonesia from December 21-23 is expected to create new opportunities for Vietnam-Indonesia relations, particularly bilateral trade which is expected to reach 15 billion USD by 2028.
The Philippines’ decision to continue imposing a tariff rate of 35 percent on rice imports until the end of next year instead of late this year is considered good news for Vietnam, which is the largest supplier of rice to the former.
Trade between Russia and Indonesia has increased by 50% this year despite geopolitical tensions, the Russian Ambassador to Indonesia Lyudmila Vorobyeva has stated.
In the past few years, many Cambodian agricultural products have massively "landed" into the Vietnamese market, even when Cambodia became the largest supplier of agricultural products to Vietnam. This situation has raised many concerns.
The Regional Comprehensive Economic Partnership (RCEP) and the Belt and Road Initiative (BRI), which are the contributors to economic recoveries, have promoted greater regional cooperation and become the new engine of global economic growth.
Indonesia will impose a ban on bauxite exports from the middle of next year, the country’s latest move aimed at boosting domestic processing of its mineral resources.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
