The six leading economies in Southeast Asia, including Vietnam, the Philippines, Indonesia, Malaysia, Thailand, and Singapore, are projected to grow at an average annual rate of 5.1% over the next decade.
August 1, 2020, marked a significant milestone for Vietnam and the European Union (EU) as the EU-Vietnam Free Trade Agreement (EVFTA) came into effect. Four years on, Vietnam stands tall as the leading ASEAN exporter to the EU, reaping the benefits of a thriving economic partnership that has spurred economic growth, job creation, and consumer access to premium European products.
Vietnamese Ambassador in Cambodia Nguyen Huy Tang has urged the Vietnam-Cambodia Bussiness Association (VCBA) to promote its role in connecting and supporting Vietnamese enterprises that are operating in Cambodia or seeking business opportunities in the neighbouring country.
The Commerce Ministry has discussed trade cooperation between Thailand and China, aiming to expand the market for Thai livestock products and fruits to China and welcoming Chinese investment in emerging industries in the Eastern Economic Corridor (EEC).
Southeast Asia attracted more foreign investment than China in 2023 for the first time in a decade as investors sought to create ‘China+1’ supply chains and benefits under the RCEP trade deal
Vietnam has secured seven contracts to export 185,000 mt of 5% broken white rice to Indonesia, while Myanmar has secured five lots to export 135,000 mt of rice, trade sources said.
The negotiations to review the free trade agreements (FTAs) implemented with Japan, Korea, and Asean are moving slow but India is pursuing those talks, Commerce and Industry Minister Piyush Goyal said on Tuesday.
The country's trade volume with fellow RCEP members accounted for 64 percent of its 26.3-billion-dollar total trade volume during the January-June period this year, the report said.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
