While the US's new tariff policies have placed certain Vietnamese exports under pressure, the changes are also prompting companies to rethink strategies, diversify markets, and break free from over-reliance on any single destination.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
This year, the footwear industry continues to target exports to Africa, Asia, Japan, Europe and the US, while also taking initial steps to engage with major e-commerce platforms like Alibaba and Amazon to open new sales channels.
Vietnamese exporters have proactively diversified their markets from the start of the year to mitigate risks as they may soon face significant tax hikes globally, said industry insiders and experts.
The US Department of Commerce (DOC) has issued preliminary anti-subsidy findings in an investigation concerning solar panel imports from Vietnam, announced the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade.
Despite positive results in rice export so far, experts held that domestic firms should carefully evaluate the demand of major export markets to design suitable strategy for the rest of the year.
The US Department of Commerce (DOC) recently announced preliminary conclusions of the anti-dumping investigation into aluminum extrusions and aluminium products originated from Vietnam, according to the Ministry of Industry and Trade's Trade Remedies Authority of Vietnam.
Counsellor Cao Xuan Thang, head of the Vietnam Trade Office in Singapore, has advised Vietnamese exporters to pay attention to labeling pre-packaged food products to ensure their credibility and image of businesses when exporting to the Singaporean market.
Vietnamese enterprises should seize the opportunities to increase rice exports to Indonesia which has allocated an additional rice import quota of 1.6 million tonnes for 2024 as dryness linked to the El Nino delayed harvest in the country, according to the Vietnam Trade Office in Indonesia.
The European Union (EU)’ Carbon Border Adjustment Mechanism (CBAM) is a challenge for many sectors of Vietnam but also a motivation for businesses to speed up green transition to meet sustainable production standards, heard a conference in Ho Chi Minh City on November 8.
Removing barriers hindering trans-border e-commerce activities is a current concern of many ministries, sectors and businesses, in the context that despite their advantages in export, Vietnamese firms engaging in the activities have still faced many difficulties.
Business transition in adaptation to a low-carbon consumption trend is inevitable for Vietnamese exporters who, in turn, should consider it a great opportunity to form relevant long-term visions and investments.
Vietnamese exporters are facing new difficulties caused by tighter regulations and standards and fierce competition in international markets. Therefore, according to insiders, it is urgent to seek ways to help firms participate in the global production and supply chains.
The Vietnam Trade Office in Canada has warned Vietnamese businesses about export scams by some individuals misrepresenting themselves as major Canadian companies.
A forum on promoting trade in agricultural and aquatic products between Vietnam and China’s Guangxi province was held on March 8 by the 970 Agricultural Connection Forum’s operation team.
Vietnamese exporters should make the most of the advantages created by the EU-Vietnam Free Trade Agreement (EVFTA) to help their products gain a firm foothold in the European market, according to Nguyen Van Thao, Vietnamese Ambassador to Belgium and head of the Vietnamese delegation to the EU.
Vietnamese exporters need to continue to improve the reliability of agricultural products and ensure quality, safety and sustainability to compete globally, industry insiders said.
Though the first batch of fresh durians officially exported to China received a warm welcome from local consumers, both sides need to outline measures to boost sustainable export of the fruit since it is currently selling for a lower price than those from Thailand and Malaysia.
