Export controls drive shift as semiconductor industry suffers demand slump
Since it entered into force in early 2022, the RCEP has helped strongly promote the integration of value and supply chains, strengthen confidence in regional economic recovery and create new impetus for trade and investment growth in the region and the world.
Vietnam has emerged as a popular market for Singaporean financiers due to its similarities in market openness, commitments to sustainable development, and involvement in free trade agreements (FTAs), according to industry insiders.
Malaysia, the world’s second-biggest palm oil producer, is weighing a range of trade curbs to strike back against what it calls unfair policies from the European Union (EU) that block market access for the tropical oil.
The European Union (EU) is expecting trade with Malaysia to recover to pre-pandemic levels by the end of this year.
Thailand's economy could grow as much as 4% this year, the fastest rate in five years, thanks to the recovery of the tourism sector and domestic consumption.
Malaysia and Singapore have pledged to strengthen bilateral cooperation on personal data protection, cyber security and the digital economy.
Furthermore, Cambodia's raw cashew nuts are also one of the main sources for cashew processing in Vietnam.