Bắc Ninh
Vietnam re-elected to UN international trade law commission for 2025-2031
Vietnam has freshly secured re-election as a member of the United Nations Commission on International Trade Law (UNCITRAL) for the 2025-2031 term, garnering 175 out of 183 votes.
This marks the Southeast Asian nation’s second term on the legal body, following its initial tenure from 2019 to 2025. In Asia-Pacific, Malaysia, the Philippines, Singapore, Sri Lanka, China, Japan, and the Republic of Korea joined Vietnam in securing the membership.
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Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations, cast his vote at the election in New York on November 20 (local time). |
As a member of UNCITRAL, Vietnam will continue to engage directly in shaping international trade law in the five-year tenure. Its contributions will focus on drafting model laws, guidelines, and rules governing areas such as dispute resolution in commercial and state-investor conflicts, and regulations for emerging trade practices.
The aim is to ensure these rules align with the common interests of the global community, particularly developing countries.
With the GDP of 430 billion USD (ranked 35th globally), a trade volume of 681 billion USD (among the world’s top 20 trading nations), and a network of free trade agreements with over 60 countries, including major economies, Vietnam is an active member of UNCITRAL in building global legal frameworks and trade policies toward an open, fair, and transparent trading system.
Established in 1966, UNCITRAL is the UN’s principal body for the harmonisation and unification of the law of international trade.
The Ministry of Science and Technology (MoST) is rolling out a comprehensive plan to implement the Semiconductor Industry Development Strategy by 2030, with a vision toward 2050, which aims to position Vietnam as a leading player in the global semiconductor sector over the next six years.
Prime Minister Pham Minh Chinh delivered a speech at the G20 Summit in Rio de Janeiro on November 18 (local time), proposing three strategic guarantees for global poverty eradication.
Vietnam has emerged as a leading destination for companies relocating their production facilities, aiming to protect supply chains from potential disruptions, according to an article published by Brazil’s riotimesonline.com on November 17.
Vietnam holds significant potential to export Halal food products, ranking among the world’s top 20 and top 15 exporters of food and farm produce, respectively, heard a November 14 conference on promoting the country’s Halal trade.
Searches for travel to Vietnam saw a big jump globally in the last three months, according to data from online travel agency Agoda.
The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.
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