Minister of Agriculture and Environment Đỗ Đức Duy urged enterprises to invest in processing, logistics and quality control while strengthening value chain ties and staying alert to US trade rules.
Although outstanding loans to US-exporting customers are low, joint-stock banks remain cautious about possible indirect effects from US tariffs on Vietnamese goods, SSI Research says.
Forum hears that VN can use this time to stabilise the domestic market and supply chains, maintain the confidence of investors and international partners and turn the crisis into a driver for reform and competitiveness improvement.
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.