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.
Malaysia has announced it will initiate an anti-dumping duty investigation on the imports of galvanised iron coils/sheets or galvanised steel coils/sheets originating from or imported from Việt Nam, China and South Korea.
TRAV recommended that the Việt Nam Steel Association (VSA) notify relevant local manufacturers and exporters to answer the investigation questionnaire within the prescribed deadline.
The Government''s Decree 144/2024/NĐ-CP setting a preferential import tax rate for soybean meal (commodity code 23040090) has reduced this tax from 2 per cent to 1 per cent, creating better conditions for the enterprises to maintain production.
Economic and trade cooperation is a highlight in Việt Nam - China relations, showing strong and steady growth, said Vietnamese Trade Counsellor in China Nông Đức Lai in an interview with the Vietnam News Agency.
Over 50 per cent of imported food product lines formerly subject to State inspections on food safety will no longer require inspections before clearance, facilitating business operations and fostering an improved investment environment in Việt Nam.