Though China began opening its door for Vietnam’s frozen durians in August 2024, the expected surge in export value has not come to fruition.

Vietnamese and Thai 5% broken rice have seen declines of 38-45%, with Vietnam’s prices falling from 680-700 USD per tonne to 390-400 USD per tonne, an unprecedented decrease.

The Trade Remedies Authority of Việt Nam urged businesses to continue monitoring the export and import of plywood products to prevent illegal transhipment and the misrepresentation of Vietnamese origin.

Kyrgyz Prime Minister Adylbek Kasymaliev and Minister of Industry and Trade Nguyễn Hồng Diễn met with the Vietnamese business community in Hà Nội on Friday.

The US is currently the largest consumer market for Vietnam’s wood and wood products.

US President Donald Trump exempted Mexican and Canadian goods covered by the North American trade agreement known as the USMCA from his 25% tariffs, offering major reprieves to the US’ two largest trading partners.

Wolf warrior-style comments mark China’s strongest rhetoric on US president Donald Trump since he entered the White House

Businesses are embracing various ways to sustain growth amid escalating global trade tensions due to reciprocal tariff measures between major economies.

The Southeast Asian country is expected to be affected by several of the new US tariffs, but not as severely as many other nations, said Deputy Minister of Trade and Industry Nguyễn Sinh Nhật Tân.

The Ministry of Industry and Trade (MoIT) and Việt Nam trade offices abroad are set to intensify collaboration with local departments, commodity associations and businesses to capitalise on export opportunities arising from international economic integration.