Australia, which annually spends about 600 billion USD on imports, is a potential market for many exports of Vietnam, said Tran Ba Phuc, Chairman of the Vietnamese Business Association in Australia, at a trade promotion and connection conference held on December 21.

Vietnam would earn 1.54 billion USD from tra fish export this year, up 3 percent from 2020, the Vietnam Association of Seafood Exporters and Producers (VASEP) forecast.

Despite the impact of the COVID-19 pandemic, Vietnam’s total import-export value is expected to reach a record high at US$660 billion this year, according to the General Department of Vietnam Customs.

The U.S. Department of Commerce hiked anti-dumping margins on certain steel pipes and tubes from Thailand to 36.97% from a preliminary estimate of 7.23% after discovering a company selected for an annual review withheld key customer information.

Despite fluctuations in the commodity market, the coffee market still maintains its growth momentum and becomes one of the shining investments for 2021.

Asummit of the South American trade bloc Mercosur ended on Friday without a final presidential statement, as member nations failed to reach an agreement to reduce import tariffs amid a sharp rise in inflation.

Vietnamese businesses need to cooperate closer with partners in order to boost exports to Brazil in the last month of 2021 as the American market’s import and export activities have recorded a stable growth, according to the Vietnam Trade Office in Brazil.

Vietnam’s footwear exports are likely to grow 5 percent this year although COVID-19-induced supply chain disruptions caused decreases in August and September, according to Phan Thi Thanh Xuan, Secretary-General of the Vietnam Leather, Footwear and Handbag Association (Lefaso).