Amid global tax volatility and rising protectionism, Vietnamese enterprises must strengthen their response to trade measures to sustain exports and protect the country’s position in global supply chains, a conference in HCM City heard on May 7.
According to the General Department of Customs, under the Ministry of Finance, Việt Nam''s trade surplus declined nearly 60 per cent in the first four months of 2025.
Gaining a firm foothold in the domestic market of more than 100 million people is critically important to businesses as the domestic market, which, if properly leveraged, could help offset the decline in export orders.
This is a critical time to intensify efforts against origin fraud and illegal transshipment, as some foreign exporters have taken advantage of Việt Nam as a transshipment point to reroute goods and avoid trade remedies in third countries.
The seminar titled ‘US Countervailing Tariffs and Việt Nam’s Corporate Response’, organised by the Việt Nam Chamber of Commerce and Industry (VCCI) on the morning of April 18, attracted significant attention and participation from economic experts and the business community.
According to analysts of the VCB Securities Company, the outstanding export loans to the enterprises only account for five per cent of the total outstanding loans of the whole banking system,
Being cautious and proactive at this time will help Việt Nam protect its exports to the EU and preserve the international reputation of Vietnamese goods amid an increasingly volatile global trade landscape.
Over the longer term, Việt Nam must consider diversifying export markets, especially those with free trade agreements already in place. Markets in East Asia and the European Union offer viable alternatives based on demand and trade volume.
The new regulations aim to enhance the quality and reputation of Vietnamese food products in international markets, as well as ensure a transparent and efficient process for food exporters to comply with regulatory requirements.
The Ministry of Industry and Trade (MoIT) on March 4 organised a conference to evaluate and discuss trade promotion activities conducted in February through Vietnamese trade offices abroad.
The Việt Nam Trade Promotion Agency (VIETRADE) will organise a ''Trade Delegation to Japan’ this year, opening up great opportunities for Vietnamese businesses to access a potential billion-dollar market.
Việt Nam is projected to import an additional 6 million tonnes of corn and 1.7 million tonnes of soybean meal by 2034, representing 7 per cent of global corn imports and 9 per cent of global soybean meal imports.