Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan has signed a document recommending six solutions to foster imports and exports as shipping rates have continued to climb.

The amount of imported hot-rolled coil steel in the first six months of this year increased sharply to an alarming level, 1.7 times higher than domestic production.

"Trade defense measures will harm all sides involved. The strength and growth of the EU and Chinese BEV industries lie in collaboration, not conflict," said Shi Yonghong, vice president of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products.

China's Ministry of Commerce said on Monday it will conduct a final review of anti-dumping measures on imports of stainless steel billets and hot-rolled stainless steel plates from the European Union (EU), Britain, South Korea and Indonesia.

According to statistics from the General Department of Customs, iron and steel imports to Vietnam in June reached more than 6 million tons with a value of more than 1,2 million USD, down 934% in volume and 17% in value. compared to the previous month.

Insiders believe in a bright prospect for durian export to China though the world’s largest durian consumer is expanding the cultivation of this fruit.

According to statistics from the General Department of Customs, trade between Việt Nam and Taiwan (China) totalled $13 billion in the first six months of the year, an 18 per cent increase year-on-year.

Opportunities to cooperate and promote the export of products of Central region enterprises directly into foreign distribution networks and effectively participate in the global production value chain... are assessed to have a lot of potential.