Middle East tensions impact Vietnam’s trade: ministry
The Ministry of Industry and Trade is working with the Ministry of Construction and the Ministry of Finance to monitor logistics trends and provide timely support to businesses.
Vietnam's economy expected to recover strongly in Q4: HSBC
With positive signs in trade and tourism, HSBC maintained its 2023 growth forecast for Vietnam at 5%, expecting a robust recovery in Q4. Nonetheless, inflation risks warrant a close watch.
Firms look for alternative sources of raw materials
Vietnamese companies, many of whom are facing a shortage of feedstock and raw materials as a result of the new coronavirus (COVID-19) outbreak in China, have started looking at alternative sources.
China's prolonged falling yuan may harm Vietnam's trade
China’s yuan (renminbi) has remained above the sensitive level of seven to the US currency for the last three days, hinting that trade friction between the US and China is entering a dangerous phase. The escalating tension between the two world powers is predicted to have negative impacts on Vietnam’s trade in the short term.