On November 3, 2023, the U.S. Department of Commerce made a significant announcement regarding the countervailing duty orders on phosphate fertilizers from Russia and Morocco. The administrative reviews concluded with final results that had significant implications for both countries. 

In the last 2 consecutive months (August and September), export turnover reached more than USD 30 billion/month, higher than the average in the first 9 months of the year. If the fourth quarter of 2023 maintains the level of USD 30 billion/month, the country's exports this year could reach about USD 350 billion.

The export turnover in October is expected to reach 32.3 billion USD, up 5.3 month-on-month, showing a positive signal given the 6.3% decrease recorded in the previous month.

The Ministry of Industry and Trade (MoIT) is close monitoring rice production and the world rice market with a view to promptly tackling arising problems and facilitating rice production, business and export.

A delegation of the Ministry of Industry and Trade (MoIT) led by Deputy Director of the ministry’s Agency of Foreign Trade Tran Quoc Toan and representatives from 19 Vietnamese rice exporters have paid a working visit to Beijing, China to promote Vietnamese rice in the market.

U.S. antidumping (AD) law imposes AD import duties on imports found to be sold at unfairly low prices (such as below cost plus reasonable profit or fair normal value), that injure a U.S. industry. Many, and increasingly so, Vietnam exports to the United States are subject to such U.S. AD.

On October 23, 2023, the Ministry of Industry and Trade of Vietnam issued Decision No. 2752/QD-BCT regarding the end-of-term review investigation on the application of anti-dumping measures on cold-rolled stainless steel products from Taiwan, Indonesia, Malaysia, and China.

Prime Minister Pham Minh Chinh called for the European Commission (EC) to remove its “yellow card” against illegal, unreported, and unregulated (IUU) fishing in Vietnam at a reception in Hanoi on November 2 for Valdis Dombrovskis, the visiting executive vice president of the EC.