With a high digital economic growth rate of about 20% per year, and the fastest rise in e-commerce in the ASEAN region, Vietnam is moving close to the position of top three biggest countries in the ASEAN region in terms of its digital economy.
"Việt Nam has been, is, and will continue consulting with Laos and Cambodia to promote deep, substantial, and effective cooperation among the three countries in line with the new development requirements, for the benefit of the people of the three nations, for the ASEAN Community, and for peace, cooperation and development in the region," said Ministry of Foreign Affairs spokeswoman Phạm Thu Hằng.
The Vietnamese sugar industry has led the region in sugar productivity for the first time, according to the Vietnam Sugarcane and Sugar Association (VSSA).
Low-cost “Chinese” food and beverage chains are expanding their business across ASEAN, setting up thousands of branches, causing serious concerns that they will affect local industries.
Hungary, Philippines Strengthen Bilateral Ties During 67th Anniversary Commemoration
Indonesia's plan to impose tariffs on a range of Chinese products in response to alleged industrial overcapacity could harm the country's economy, decreasing the competitiveness of its exports, increasing production costs and consumer prices and risking retaliation from China. A better approach for economic security could lie in utilising multilateral trade agreements and institutions, maintaining economic openness and learning from Australia's handling of China's sanctions.
Malaysia plans to diversify its trading partners to explore new solar export markets amid geopolitical tensions and the ongoing trade war between China and the United States, according to the Investment, Trade and Industry Ministry (MITI).
A rise in total jet fuel imports come as volumes from both China and India increase