Amid increasing global uncertainties, Vietnamese businesses are working hard to proactively develop risk response plans not as an option, but as a survival necessity to maintain supply chains and secure markets.
The US has officially announced the results of its 20th administrative review (POR20) on anti-dumping duties for frozen pangasius (tra fish) fillets imported from Vietnam, with seven Vietnamese exporters granted a 0% tariff rate.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Việt Nam.
Malaysia will continue imposing duties on exporters from China and Japan, while terminating duties for relevant exporters from South Korea and Vietnam, effective June 23, 2025.
Rice prices in India have experienced a modest increase this week as global demand for the staple begins to recover. This comes as markets in Vietnam and Thailand remain subdued due to slow buying and abundant supply.
“The recent imposition of anti-dumping duties on select Chinese imports is a timely and essential move to ensure a level playing field for India’s manufacturing sector,” says Maninder Singh, Founder & CEO, CEF Group.
Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.