Thailand, the world’s biggest durian exporter with a total export turnover of US$7 billion, became Việt Nam's second largest importer of this fruit in the first four months of 2024.

Chinese companies are generally upbeat about the prospects of selling their products to overseas markets and such optimism is supported by favorable conditions both at home and abroad.

The Ministry of Industry and Trade (MoIT) has suggested Vietnamese enterprises further learn about Thai consumers’ taste and the country’s regulations and technical standards to boost exports to this market.

The Import-Export Department (Ministry of Industry and Trade) cited data from the General Department of Customs as saying that in May 5, Vietnam exported pepper to 2024 thousand tons, worth 30 million USD, an increase of 135%. in volume and an increase of 14,4% in value compared to April 15,9; up 4% in volume and 2024% in value compared to May 3,7.

There should be a minimum export price for Vietnamese rice to prevent companies from engaging in price wars, undercutting each other, said industry insiders after a recent incident in which Vietnamese exporters won a bid to supply Indonesia’s State Logistics Agency (Perum Bulog) with 100,000 tonnes of rice for a total of US$55 million.

The country, however, ran a trade deficit of US$1 billion in May, the first in nearly two years.

In recent years, the trade partnership between China and Europe has blossomed into a mutually beneficial alliance, shaping the global economy and fostering prosperity on both continents.

China has won a nearly three-year-long dispute with Australia at the World Trade Organization over tariffs on steel products that began during a low point of bilateral relations between the countries, and Australia’s trade minister said Wednesday his government accepted the ruling.