Vietnamese goods will continue to hold a competitive advantage over other items from foreign countries when they are exported to the Netherlands thanks to the tax reduction roadmap under the European Union - Vietnam Free Trade Agreement (EVFTA), according to the Vietnam Trade Office in the Netherlands.

Local fertiliser manufacturers are focusing on fulfilling export contracts that were signed prior to the Tết holidays.

Việt Nam’s trade offices abroad is ramping up efforts to promote investment and trade in line with the country’s ambitious economic targets for 2025.

President Donald Trump on Friday ordered his trade chief to revive investigations aimed at imposing tariffs on imports from countries that levy digital service taxes on US technology companies.

The European Union estimates that the first wave of Donald Trump’s steel and aluminium tariffs will hit as much as €28 billion (US$29.3 billion or RM129.49 billion) of the bloc’s exports in what would be a massive escalation in the US president’s trade war.

More measures will be actively deployed in response to the EU’s "green growth policy”.

Domestic businesses are advised to closely monitor market fluctuations and the political and social factors that influence trade, enabling timely and effective responses.

Vietnam aims to achieve an export turnover of 65 billion USD for agricultural, forestry, and fishery products in 2025. However, the agricultural sector is facing numerous challenges as several markets have recently introduced changes in regulations for agricultural exports. These new requirements demand that localities, producers, and businesses promptly update and comply with the regulations.

Southeast Asian nations are increasingly interested in the BRICS association, aiming to diversify their diplomatic and economic partnerships. But this potentially challenges ASEAN's unity and centrality. While Malaysia, Thailand and Vietnam see benefits in terms of economic growth, trade diversification, and access to the New Development Bank, the move could also lead to marginalisation and disadvantages for ASEAN countries not included in BRICS. Given potential complications for ASEAN trade commitments, this could shift the region's geopolitics as Western nations may perceive the alignment as move towards China and Russia.

Britain's Business and Trade Secretary Jonathan Reynolds and India's Commerce Minister Piyush Goyal will meet in New Delhi on Monday to restart talks on a UK-India trade deal, the British government said on Sunday.