After experiencing a sharp fall in exports in 2023, the Vietnamese wood industry bounced back in 2024 and is currently flying high as a major hard currency earner of the economy, with export earnings projected to be at US$18 billion this year.

To protect domestic production, in 2024, the Trade Defense Department will continue to investigate and review 10 cases initiated in 2023; initiate investigations of 06 new cases, initiate reviews of 03 end-of-term reviews; initiate 01 annual review, receive and process 07 new investigation and review requests.

Early warnings about the risk of trade defense investigations will help Vietnamese seafood businesses prepare well to overcome lawsuits.

Not only did the EU detect pesticide residues, but Vietnamese durian was also warned by China for not complying with requirements on plant quarantine and food safety.

The fact that Vietnamese fruits and vegetables are constantly being warned when exporting is the main obstacle that makes the goal of conquering the 10 billion USD mark difficult.

The US is Vietnam's leading partner, and any changes in its policies (if any) will have a significant impact on Vietnam's export turnover.

According to the Department of Industry and Trade of Ca Mau, in 2024, the province's shrimp exports will grow beyond plan thanks to market demand and Free Trade Agreements (FTAs).

With total two-way trade turnover between Vietnam and the United States surpassing US$132 billion in 2024, the US continues to be Vietnam's largest export market, according to data from Vietnam Customs.