The free trade agreement between Vietnam and the United Kingdom and Northern Ireland (UKVFTA) effective on December 31, 2020 has created advantages for seafood exporters of Vietnam, including tuna enterprises. However, transportation costs are on the rise due to the lack of empty containers.
Despite the complicated developments of the Covid-19 epidemic, shrimp was still a commodity that brought high economic value in 2020, with export turnover of US$3.7 billion, an increase of 11% over the same period in 2019
Despite the global fashion industry suffering from a range of challenges caused by the novel coronavirus (COVID-19) pandemic, the Vietnamese garment and textile industry has recorded positive growth in market shares to major locations such as the United States and Europe.
If the international economic integration process can be compared to a large stream taking Vietnamese goods to the world and bring foreign goods to the Vietnamese market, then trade defence is the shield to protect the legitimate interests of domestic enterprises.
The Vietnamese government announced Feb. 9 its plans to impose an anti-dumpting duty on Thai-origin raw and refined sugar, according to a statement issued by the Vietnamese Industry and Trade Ministry seen by S&P Global Platts.
The Ministry of Industry and Trade (MoIT) is set to bolster action while Vietnamese enterprises have been recommended to gear up preparations as more trade remedy investigations are expected in 2021.
The Cambodian Ministry of Commerce on February 5 issued a feedback document about the country’s recent suspension of catfish imports from several neighbouring countries, including Vietnam, reaffirming Cambodia’s commitment to complying with and supporting the spirit of trade liberalisation.
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