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Domestics and international investors met at the event In his opening remarks, Nguyen Van Dung, vice chairman of the Ho Chi Minh City People’s Committee, emphasised that the event was part of efforts to realise the shared understanding reached by the top leaders of the Communist parties and states of Vietnam and the GBA Alliance. Dung proposed several areas for cooperation between Ho Chi Minh City and the GBA, including a regional financial centre by learning from Hong Kong’s experience, promoting cooperation in renewable energy and green finance, enhancing investments in transportation infrastructure and smart urban development, advancing digital transformation, financial technology, and enhancing cross-border payment systems. “Ho Chi Minh City is committed to improving the investment environment, enhancing trade promotion efficiency, and accompanying investors, including those from Guangdong, Hong Kong, and Macao, to make practical contributions to mutual devel...

Enterprises can restructure operations to enhance value, go digital, and comply with global standards, photo Le Toan Do Khoa Tan, deputy secretary general of the Vietnam Electronics Industries Association, emphasised the critical importance of understanding all tariff policies in the context of global supply chain shifts in Ho Chi Minh City last week. “As Vietnam increasingly positions itself as a strategic manufacturing hub, thoroughly understanding and adapting to new policies is a matter of survival for businesses,” Tan stated at a seminar on US tariffs and supply chain shifts on May 29. “In the face of tariff turbulence, enterprises must prioritise core strategies. They need to effectively leverage free trade to boost exports to the EU, Japan, and ASEAN; apply advanced technologies and renewable energy to meet international standards; boost supply chain transparency by ensuring clear product origin; and mitigate legal risks in an increasingly regulated global...

Chinese solar and energy-storage companies will continue to press ahead with their overseas expansion with or without a long-term agreement on trade tariffs, as production abroad holds the key to their long-term survival, according to executives at China’s largest solar industry exhibition. Although the US and China reached a 90-day truce in their ongoing tariff war in May, solar panel exports from China and Southeast Asia to the US are still subject to tariffs of as much as 3,521 per cent, with Washington citing unfair trade practices such as subsidies and dumping for the high levies. “The industry used to say that you either go overseas or exit the game,” said Gao Jifan, chairman of Trina Solar, one of the world’s largest solar-panel manufacturers, at the SNEC PV+ Photovoltaic Power Conference and Exhibition in Shanghai. “Now, due to tariffs, simply exporting isn’t enough; you must also localise production abroad.” Do you have questions about the biggest topics and trend...

LONDON , June 11, 2025 /PRNewswire/ -- The ETC's new briefing note, Global trade in the energy transition: principles for clean energy supply chains and carbon pricing, highlights how technology progress and carbon pricing can accelerate the global energy transition. However, growing concerns over concentrated supply chains and perceptions that carbon border adjustments are protectionist could significantly delay global progress. The ETC briefing proposes an optimal way forward on two crucial trade-related issues: Developing domestic supply chains: six principles for policy. Carbon pricing and carbon border adjustment mechanisms (CBAMs): gaining global agreement to policies which can drive decarbonisation of "hard to abate" sectors . Nearshoring clean technology supply chains: six principles for policy The cost of several clean energy technologies has plummeted in the last decade. Solar PV module prices...

Haruhiko Ozasa, chief representative of the Japan External Trade Organization in Hanoi, spoke to VIR’s Phuong Thu about the significance of fostering stronger links between Vietnamese and Japanese supporting industries amid shifting global supply chains. Haruhiko Ozasa, chief representative of the Japan External Trade Organization in Hanoi What is the significance of connecting Vietnamese and Japanese supporting and manufacturing industries through trade promotion? For Japanese companies, expanding transactions with Vietnamese companies offers benefits such as cost reduction through local procurement and diversification of supply chains. For Vietnamese companies, doing business with Japanese firms provides opportunities to participate in global supply chains. In terms of the Vietnamese economy, promoting supporting industries is expected to strengthen the industrial base and supply chains. Amid increasing global economic uncertainty, the importance of enh...

US agricultural exports, fuels and manufactured goods are set to take a hit from China's blanket retaliation against President Donald Trump's sharp tariffs, with both sets of measures due to take effect next week. After Trump announced a 34-percent new tariff on imports of Chinese goods -- taking the added rate imposed this year to 54 percent -- Beijing said it would slap an equivalent across-the-board tariff on US goods, among other countermeasures. China used to target specific industries in a "mirror response" to US export restrictions, said Emily Benson of consulting firm Minerva Technology Policy Advisors. But its broader plan unveiled Friday marks a "pretty significant warning shot" to the Trump administration to hold off further measures, she told AFP. What is the state of US-China trade, and what US sectors stand to be impacted? US exports The United States exported $144.6 billion in goods to China in 2024, much less than the $43...

To reduce the trade deficit that prompted President Donald Trump to impose a 36% tariff on Thai exports, Thailand might want to purchase additional military equipment and arms from the U.S., according to the Federation of Thai Industries (FTI). The suggestion was put forward on Friday at a gathering of delegates from 47 sectors under the FTI, discussing strategies to address Washington's upcoming tariff policy set to be implemented on April 9. "If the government opts to purchase U.S.-made military technology, it could considerably diminish the nation's trade surplus since such items tend to be costly," stated Kriengkrai Thiennukul, chair of FTI, after the meeting. The technologies are essential for the Thai military as well. Trump announced the stiff tariff on Thai exports mainly because the country's trade surplus with the US was the 11th largest globally in 2024, at more than $35 billion, or 1.2 trillion baht. In addition to bu...