Vietnam’s total import and export turnover in 2020 reached US$545.35 billion, up 5.4 percent compared to the previous year, reported the General Department of Vietnam Customs.
After 2020, exports are not favourable due to the serious impact of the Covid-19 pandemic, Vietnam's coffee exports are expected to flourish in the first months of 2021.
The World Trade Organization has ruled in favor of South Korea in Seoul's dispute with the United States over high tariffs imposed on local steel and power transformer products
Local exporters need to proactively identify risks and work closely with state management agencies to respond to trade remedies in the increasingly complicated imported markets, especially the US, which tended to increase trade defence measures.
The opening days of the year has seen local enterprises export several shipments of agricultural and aquatic products, creating a positive outlook for export prospects ahead throughout 2021.
The European Commission has started an investigation review of existing anti-dumping measures for hot-rolled coil produced by Russian steelmaker Severstal.