The European Chamber of Commerce (EuroCham) yesterday urged the new government in Cambodia to take steps to diversify its exports into services, as the country’s over-reliance on a few export sectors, such as garments, can make it susceptible to changes in global demand, trade policies and market competition.
In an era marked by increasing globalization, geopolitical tensions, and shifting economic landscapes, businesses worldwide are constantly evaluating their strategies to ensure resilience and sustainability. A relatively new concept that has gained attention in recent years is “friendshoring” – a strategic approach to offshoring or outsourcing that prioritizes countries with which a company’s home nation shares amicable diplomatic, economic, or trade relations.
The Agricultural Economics Office of the Agriculture and Cooperatives Ministry in Thailand has forecasted a decline in rice production for the country’s 2023-24 harvest season, primarily due to the effects of the El Niño weather phenomenon.
China has been Vietnam's largest trading partner for many years, and Vietnam is the largest trading partner within ASEAN, ranking sixth in the world for China.
Vietnam’s central bank has signed an MoU to develop its cross-border payments service system together with five other ASEAN member countries. We discuss the benefits for Vietnam’s payments ecosystem and prospects for the financial services sector.
The signing of a historic free trade agreement (FTA) between the Philippines and South Korea marks a significant milestone in their relationship. This agreement, which was formalized during the 43rd ASEAN Summit in Jakarta, Indonesia, has the potential to strengthen economic ties and foster closer cooperation between the two nations.
ASEAN member states are making an overhaul of their schemes on amplifying investment and trade within the bloc, with Vietnam set to reap a raft of jackpots.
The two countries need to facilitate trade for each other, jointly attract capital and technology to develop new industrial supply chains with high added value.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
