Korea has opened an anti-dumping investigation into hydrocarbon resin imports from China and Taiwan after a local company claimed cheap imports from the countries were damaging the local industry, according to informed sources Sunday.

The demand for tuna in import markets is increasing in preparation for the year-end holidays. Enterprises are preparing raw materials to capitalize on this opportunity.

According to the Ministry of Industry and Trade, trade between Vietnam and the US reached US$74.4 billion in the first seven months of 2024, presenting a strong growth in exports and imports.

Many kinds of Vietnamese fruits are increasingly gaining access to the Northeast Asian market, contributing to fulfilling the 2024 goal of 7 billion USD in export value of fruit and vegetables.

The United States Department of Commerce (DOC) has announced the initiation of a second administrative review of the anti-dumping duty order into Vietnamese honey, according to the Trade Remedies Authority under the Ministry of Industry and Trade (MoIT).

Vietnam has a market economy, if the pace of reforms it has undertaken from the Doi Moi (Renewal) period in 1986 to now is taken into consideration, Senior Lecturer in Economics at Australia’s Deakin University Dr. Cong Pham has assessed.

With the deadline for submitting responses to the anti-dumping investigation questionnaire on coated steel products originating from China and South Korea set for August 5, 2024, many businesses have indicated that this timeline is insufficient for them to prepare the necessary information. 

Pomelo has become the third fresh fruit from Việt Nam permitted for import into South Korea, joining dragon fruit and mango.