The United States has decided to impose global safeguard measures on fine denier polyester staple fiber being imported into the US market from many countries, including Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV).

Since the EU-Việt Nam Free Trade Agreement (EVFTA) came into effect in August 2020, the European Union (EU) has emerged as a leading trade partner for Việt Nam. Vietnamese businesses could unlock significant opportunities from the EVFTA if they know how to capitalise on its benefits.

The UKVFTA took effect on May 1, 2021, with a preferential tariff quota granted to Việt Nam at a tax rate of zero per cent, enabling UK buyers to have more choices of rice varieties from Việt Nam.

The UK, Colombia and New Zealand have joined an alliance of governments planning to scrap their fossil fuel subsidies

For many years, China has been Vietnam's largest trading partner. Trade between Vietnam and China has maintained a stable and sustainable growth momentum.

Vietnamese exports have hit an unprecedented high, while vegetable and fruit exports brought $6.34 billion in the first 10 months of the year.

Import-export turnover between Vietnam and Russia during the first three quarters of this year reached US$3.52 billion, up 41% over the same period from last year, while many local business delegations have gone to Russia to explore the large market.

At the same time, Nippon Steel promises American trade unions not to import slabs from foreign factories to the US