Meeting market standards and regulations, encompassing certification requirements and mandates for clean, safe, and environmentally responsible products have emerged as crucial factors for success in penetrating international markets, particularly the US, a two-day conference, titled "Penetrating Global Market with a focus on the US Market," heard in HCM City.

The Chinese business community strongly opposes the United States' latest decision to increase tariffs on Chinese imports, calling on the US to promptly cancel the additional tariffs, said the China Council for the Promotion of International Trade in a statement on Wednesday.

Vietnamese trade surplus to the EU market reached US$28.7 billion, down 8.5% compared to 2022, according to details given by the Vietnam Import-Export Report 2023 announced by the Ministry of Industry and Trade (MoIT)'s Agency for Foreign Trade on May 16.

The recent decision by the United States to impose additional tariffs on certain Chinese products, including solar cells, is unlikely to significantly affect the industries concerned in China, said experts and business insiders, noting the move is more about political posturing than economic issues.

Vegetables and fruits are products with great potential for export, because import demand in the world market is always high. Although it is a key export product, the market share of Vietnamese vegetables and fruits still accounts for a small proportion in the world's five largest markets.

The Biden administration's new tariffs on Chinese electric vehicles and other strategic sectors aim to protect the future of U.S. manufacturing, but they will likely accelerate a shift of Chinese production to Mexico, Vietnam and elsewhere to avoid them.

White House levy to protect US makers from cheap imports likely to inflame trade tensions

China has urged the United States to immediately lift the additional tariffs imposed on Chinese products, warning that it will take resolute actions to protect the country's rights and interests, the Ministry of Commerce said on Tuesday.