Việt Nam''s seafood exports to Singapore reached S$28.7 million, an increase of 19.3 per cent compared to the same period last year, accounting for 10.1 per cent of the total market share.
US Trade Representative Jamieson L. Greer and Vietnamese Minister of Industry and Trade (MOIT) Nguyễn Hồng Diên agreed on the importance of making swift progress towards reciprocal and balanced trade between the US and Vietnam.
Amid the new US tariff policy, many Vietnamese businesses believe that, in addition to direct difficulties in tax rates, indirect difficulties will arise in terms of regulations on quality and traceability.
Vietnamese ministries and sectors stand ready to address the US’s concerns and work together to find mutually beneficial solutions based on the principle of harmonised interests and shared risks, said Minister of Industry and Trade Nguyễn Hồng Diên.
According to the Ministry of Agriculture and Environment (MAE), Việt Nam’s agricultural product exports are inevitably affected by disruptions in global supply chains and the imposition of unilateral, stringent tariff policies by major economies.
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.
Việt Nam is the world''s third-largest textile and garment exporter, with an export value reaching US$44 billion in 2024, while India is a leading supplier of raw materials, particularly cotton and cotton yarn.
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.
Dr Trương Minh Huy Vũ, Director of the HCM City Institute for Development Studies, emphasised the need to diversify export markets, strengthen international cooperation, and maximise the advantages of existing free trade agreements (FTAs).
The deals, secured with leading US financial institutions, are set to fuel Vietjet’s ambitious fleet development plan, which includes the delivery of nearly 300 aircraft between 2025 and 2027.
Hiền explained that rules of origin are a set of criteria used to determine the country where a product is manufactured (i.e. country of origin). These rules are especially important for goods produced using inputs from multiple countries, and require...