In addition to meeting domestic demand, it might also provide materials to Bangladesh, Indonesia, and Cambodia, among other nations in the region.
Business News
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The aftershocks of Donald Trump’s tariff warning in April 2025 are now showing up in the numbers – and the apparel trade is feeling it first.
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A recent report by the Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO) projects that Bangladesh and Vietnam will play a dominant role in shaping the global cotton trade over the next ten years.
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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.
