US President Donald Trump's new tariffs on imported wood, furniture and kitchen cabinets officially took effect on October 14 (US time).

The Philippines’ Department of Agriculture has signaled that the government will extend the ban on rice importation until the end of this year in a surprise move that could pressure key suppliers including Việt Nam.

Viet Nam's rice exports have slowed down as the Philippines temporarily stopped importing, causing a sharp drop in orders. The Viet Nam Food Association called on businesses to stay calm, maintain reasonable prices, and diversify markets.

Viet Nam’s fisheries industry is optimistic about reaching its export target of 10 billion USD in 2025, buoyed by a 15.5% rise in export revenue over the first nine months of this year.

According to information from Viet Nam Customs, in the first 9 months of the year, frozen durian exports increased by nearly 70% in volume and nearly 130% in value compared to the same period last year.

From a developing economy, Viet Nam has become a bright spot in the region thanks to its proactive, deep and comprehensive integration policy. 

The rate at which Vietnamese exporters are utilising tariff incentives remains below expectations.

Criticism of the recently presented EU Steel Tariff Plan is mounting rapidly. Meanwhile, India launches an anti-dumping investigation into stainless steel.