Business leaders warn Vietnam’s rapid rise, backed by strong government support, could soon surpass Thailand across multiple sectors

The move comes after Malaysia announced on Tuesday that it had imposed a five-year antidumping duty on imports of polyethylene terephthalate (PET) from Indonesia and China.

US President Donald Trump announced a trade framework with the UK, hailing it as a “breakthrough” that will bring down barriers and expand market access for American imports.

The Trump administration is weighing a dramatic tariff reduction during weekend talks with China to de-escalate tensions and temper the economic pain both are already starting to feel.

The completion of the report not only represents progress in market access negotiation but also demonstrates Vietnam’s improving capacity in crop cultivation and plant protection to meet stringent international biosecurity standards. 

President Donald Trump has finally gotten his first trade deal done.

Amid rising trade tensions, experts urge Vietnam to diversify markets, negotiate tariff relief, and reform for long-term economic resilience.

U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China's economic tsar He Lifeng in Switzerland this weekend for talks that could be the first step toward resolving a trade war disrupting the global economy.