On 8th July, following the BRICS summit in Brazil, Vietnam announced that Prime Minister Pham Minh Chinh and Chinese Premier Li Qiang reached a consensus to deepen economic and trade cooperation between their nations.
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Stocks of Nike and several other apparel companies climbed on Wednesday following US President Donald Trump’s announcement of a new trade agreement with Vietnam that includes lower-than-anticipated tariffs on a range of imports from the Southeast Asian nation.
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Vietnam’s Ministry of Industry and Trade has urged local enterprises to stay vigilant amid the intensifying Israel-Iran tensions, warning that the conflict could severely impact international trade flows.
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Vietnamese exporters and international purchasers are negotiating to avoid missing important production cycles, such as orders for the winter and holiday season, even though US officials have not yet made a final judgement on the planned tariffs.
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Vietnam has launched a crackdown on counterfeit products recently in its two primary cities, Hanoi and Ho Chi Minh City, and has found the fake copies of Nike, North Face, and Lacoste among others.
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The Nhon Trach Factory Phase 3 extension will boost the factories' output volume and improve their product development capabilities, solidifying their position as a key technology hub in the ASEAN area.
