VINACHEM

China is planning tougher scrutiny on exports of technology to make battery materials, as Beijing looks to protect its grip on a crucial supply chain amid rising global trade tensions. 

Brazilian miner Serra Verde Group is boosting production of rare earth metals at a time of growing trade friction between the US and China, the world’s dominant supplier of minerals critical to technology. 

Oil prices extended gains on Friday after closing at their highest in more than two months in the prior session, amid hopes that governments around the world may increase policy support to revive economic growth that would lift fuel demand. 

Thanks to sustainable foundation and appropriate growth strategies, Viet Nam remains a bright spot in the Southeast Asian region and global economy in the eyes of international banks and financial institutions. 

The Vietnamese government has issued a decree extending the VAT reduction for eligible goods and services to 8%, effective from January 1, 2025, through June 30, 2025.
The government has issued Decree No. 180/2024/ND-CP, outlining the extension of value-added tax (VAT) reductions as stipulated in Resolution No. 174, dated November 30, 2024. The policy takes effect from January 1, 2025, and will remain in place until June 30, 2025. 

This goal follows the positive trade performance in 2024, which saw a continued trade surplus exceeding US$20 billion. 

The world has entered a new period of turbulence and changes, with challenges such as the global economic slowdown, climate change and geopolitical disruptions becoming more severe. With the outcome of the 2024 US presidential election, unilateralism and protectionism may further intensify the uncertainty of international trade policies.