The Power of Words: A Decree and a Statement
On April 1, 2025, Vietnam took a significant step forward by unveiling the Draft Decree on Strategic Trade Control, becoming one of the first nations in the Asia-Pacific region to proactively establish a comprehensive legal framework in this domain. This development comes on the heels of Minister of Industry and Trade Nguyen Hong Dien’s working visit to the US, underscoring its strategic importance in terms of timing and substance. Leading the Way In an era where global trade faces challenges due to shifting supply chains and technological competition, Vietnam’s proactive approach to regulating strategic trade activities, particularly concerning dual-use goods, high-tech products, and sensitive items, showcases a resolute, transparent, and deeply integrated stance. Vietnam’s announcement of the Draft Decree on Strategic Trade Control on April 1, 2025, marked a pivotal moment in the country’s trade policies. This move positioned Vietnam as a frontrunner in the Asia-Pacific reg...