The U.S., facing pushback to its chip crackdown on China, has told its allies it is considering using the most severe trade restrictions available if companies continue giving the country access to advanced semiconductor technology, Bloomberg News reported on Tuesday.

The Vietnam Trade Office in the Philippines said that the Philippines is a large rice consumer and one of the leading rice importing countries in the world. In recent years, the Philippines' annual rice imports have always been high, reaching a record of 3,82 million tons in 2022. In 2023, the country's total rice imports reached 3,6 million tons, a decrease of 5,9 million tons. .2022% compared to XNUMX.

With export earnings of more than US$16 billion, garments and textiles are one of the leading industries for export turnover in the nation, with most firms securing signed export orders by the end of the fourth quarter of this year and even until the first quarter of next year.

In the first six months of the year, total export turnover of agricultural, forestry and fishery products reached US $29.2 billion, up 19% over the same period in 2023.

Vietnam raked in 114 million USD from tra fish export to the signatory nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as of June 15, a year-on-year increase of 10%, according to the General Department of Vietnam Customs.

Export revenue of the leather, footwear and handbag sector is predicted to hit 26-27 billion USD in 2024 on the basis of the positive results seen so far, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).

Businesses need to carefully learn about customs and consumption trends in Africa and the Middle East when they want to expand exports, particularly Halal products, to the market, heard a conference on July 12.

According to the Ministry of Agriculture and Rural Development, in the first six months of 2024, the US continued to be Vietnam ’ s largest agricultural, forestry and fishery export market. The export value to the US accounted for 20.7%, an increase of 20.8% over the same period in 2023. This market has many growth opportunities for Vietnamese agricultural exports in the last months of the year.