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.
The Indonesian and Australian governments have extended their cooperation in economic management by signing the Australia-Indonesia Partnership for Economic Development (Prospera) Exchange of Letters, which will be effective until 2026.
The ASEAN Federation of Textile Industries (AFTEX) held the 48th council meeting and the 46th plenary session in Ho Chi Minh City on December 15.
Vice Chairwoman of the Indonesian Chamber of Commerce and Industry (Kadin) Shinta Widjaja Kamdani has said that Indonesia and Vietnam still hold much cooperation potential.