The Ministry of Industry and Trade has urged Vietnamese firms to regularly update and strictly comply with food safety regulations when exporting to Singapore.

With shipping costs mounting, exporters have raised concerns over the shrinking profit margin and how it will hurt their ability to compete in the international market.

Five lawsuits recently lodged against Vietnamese wood industry firms in crucial export markets are worrying industry insiders about more to come, especially since the U.S. has not recognized Vietnam as a market economy.

India’s Ministry of Commerce and Industry announced its final affirmative determination of anti-dumping (AD) on welded stainless steel pipes and tubes from Thailand and Vietnam, ruling that a five-year AD measure will be imposed on the subject products, with a duty rate of US$0-246.49/ton on Thailand and US$0-307.79/ton on Vietnam.

Although the two main export items of Vietnam's seafood industry, shrimp and pangasius, have grown, export enterprises are facing many difficulties and must find new directions.

Việt Nam has emerged as a potential market for Polish food and agricultural products so the European country plans to expand exports to the Southeast Asia country.

Vietnam’s wood industry has recorded positive signs with significant increases in the export of key products despite ongoing global economic uncertainties, according to the Q3 meeting on wood processing and export held in the southern province of Binh Duong on August 9.

In the first half of this year, the total trade turnover between Vietnam and the UK reached more than US$3.9 billion, an increase of 21.7% over the same period from 2023, with Vietnam recording a trade surplus of more than US$3.2 billion, up 28.5% on-year, according to preliminary statistics compiled by the General Department of Customs.