Vietnam's exports to its partners in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) grew considerably to $34.3 billion in 2019 before dropping marginally to $34 billion last year due to the covid-19 pandemic, a two-year review of the trade deal by the Vietnam Chamber of Commerce and Industry (VCCI) has found.

With the official coming into force of the UK-Vietnam free trade agreement (UKVFTA) on May 1, 2021, Vietnam's apparel exports to the UK are expected to improve significantly. The UKVFTA, signed on December 29 last year and temporarily applied since January 1, removes almost all customs duties between the two countries when fully implemented.

Eight trade associations representing Vietnamese and South Korean investors and factories in Vietnam recently wrote to the Office of the US Trade Representative (USTR) to consider an extension of the comment period on the Vietnam Section 301 Investigation so that they can provide the latter with the most well-rounded and impartial comments and inputs.