The ominous clouds of global economic recession are getting thicker and deeper. Amid all that gloom, Asian economies, particularly Southeast Asia, remain a bright spot with hope and humour for the next year.
Vietnam and Malaysia will officially soon have an additional feasible driver for expanding their trade and investment ties – both of which are now on the rise.
Malaysia’s exports and imports for 2022 are expected to increase 26% and 30.5% respectively, according to forecasts by MIDF Research.
Promoting cooperation with Malaysia in the halal food industry is one of the priority cooperation areas between the two countries.
Cambodia and Timor-Leste have agreed to boost cooperation in air service and rice trade areas and to further strengthen the mutual relations.
At first glance, there may appear to be few similarities between the economies of Vietnam and Singapore. Yet, like many successful partnerships, strong potential synergies exist.
The MOU on Carbon Credits Collaboration is the first to be signed between Singapore and an ASEAN member state.
EU and ASEAN signed a comprehensive air transport agreement that will open up more air transport opportunities and enhance direct connectivity between the two regions.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
