India’s Deputy IT Minister Rajeev Chandrasekhar has stated in government documents that India fears losing out to both China and Vietnam as it seeks to become a major smartphone export hub and must "act fast" to lure global companies with lower tariffs, according to Reuters.

There are positive signs ahead for Vietnamese exports in 2024 thanks to the recovery of the global economy, increasing consumption demand, and the effective enforcement of free trade agreements (FTAs).

The Ministry of Industry and Trade (MoIT) will capitalise on signed free trade agreements (FTAs) to diversify markets, step up trade promotions and shift to exports through official channels with a view to gaining 377 billion USD in export revenue this year.

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Vietnamese rice accounts for over 80 per cent of the Philippines’ total rice imports.

Vietnam won a bid to export over 400,000 metric tons of rice to Indonesia, which was expected to slow down the current rice export price decline, Nguyen Duy Thuan, general director of local rice supplier Loc Troi Group, said on Saturday.

Besides difficulties in market, businesses also face many problems related to obstacles in regulations on Vietnam's current food safety control.

Exports to Japan and China are forecast to recover shortly.