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On April 1, 2025, Minister of Industry and Trade Nguyen Hong Dien chaired a pivotal meeting shortly after his US trip as the Prime Minister’s Special Envoy. The agenda focused on drafting a decree on strategic trade control, and the minister’s leadership accelerated its publication on the ministry’s website and the government’s e-portal for public feedback. This swift action showcases the trade policy enforcement agency’s efficiency and underscores Vietnam’s strategic vision, proactive spirit, and international responsibility amidst a shifting global trade order. Minister Nguyen Hong Dien chairs the meeting on the draft decree – Photo: PV Urgent and Necessary Action Minister Dien emphasized the urgency of this decree, stating, “As Vietnam forges ahead with building a modern, sustainable, and highly competitive economy, this decree is of paramount importance.” With global supply chains in flux and high-tech investments surging in Vietnam across sectors, a legal framework ...

A significant contract is set to be signed under a $500-million line of credit extended by India to Bangladesh for defense equipment procurement. The agreement was inked last Sunday, June 30, in Dhaka by representatives of the Bangladesh Navy’s Directorate General of Defense Purchases and GRSE. This coincided with a four-day visit by Indian Navy Chief Admiral Dinesh K Tripathi, aimed at strengthening bilateral defense ties and exploring new avenues for naval cooperation. As per the contract, a $21 million ship will be delivered to Bangladesh within 24 months. Reports suggest that India has been keen on expanding its defense footprint in foreign markets, including Bangladesh. GRSE, a prominent shipbuilder, signed an agreement last month with German companies Carsten RehderSchiffsmakler and Reederei GmbH & Co. to construct four multi-purpose vessels, each with a capacity of 7,500 DWT. Previously, GRSE has exported an offshore patrol vessel to Mauritius and a fast patro...