Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.

Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore by shipping 36.15 million SGD (26.55 million USD) worth of rice in the first three months of this year, an increase of 80.46% over the same period in 2023, winning 32.03% of the market share, according to the Vietnam Trade Office in Singapore.

The Vietnam Association of Seafood Exporters and Producers (VASEP) has just sent a proposal to the Government, the Ministry of Industry and Trade, the Ministry of Agriculture and Rural Development, and the Ministry of Foreign Affairs, requesting the abolition of the quota on Vietnamese shrimp export to the Republic of Korea (RoK).

In the first months of 2024, export turnover of goods grew strongly, continuing the recovery momentum from the end of 2023. Along with that, the risk of trade defense investigations also escalated

Rubber exports reached 414.31 thousand tons in the first quarter of 2024, worth US$607.35 million, increasing 8.5% in volume and 14.3% in value compared to the same period in 2023.

The Central Board of Indirect Taxes and Customs is expected to notify the duties shortly.

China's Ministry of Commerce dropped a significant bombshell in the economic arena on last week unveiling a plan to slap anti-dumping duties on polycarbonate imports from Taiwan. Effective immediately, these duties are slated to persist for a rather prolonged span of five years.

Four Southeast Asian nations will be the prime focus of likely import duties