The European Union (EU) is a promising market for Vietnam’s textile and garment industry, especially with the significant opportunities provided by the EU-Vietnam Free Trade Agreement (EVFTA). However, the industry also faces challenges from the EU's strict sustainability regulations.

The demand for shifting supply chains of US corporations is huge. Understanding the needs, standards and working methods of corporations will help Vietnamese enterprises have the opportunity to gain a larger market share in this wave.

According to Yuanta Securities Company, from now until the end of the year, Vietnam's import and export enjoys many favorable macro factors to recover and accelerate. Many industries will benefit from this momentum such as rubber, textiles, seafood, seascapes, etc.

In the first 9 months of 2024, Vietnam imported nearly 8,8 million tons of hot rolled coil (HRC), up 26% over the same period in 2023 and equal to 171% of domestic production.

As a free trade agreement, the Regional Comprehensive Economic Partnership covers not only the largest free trade area in the world but also is ASEAN-centered, development-oriented and inclusive. Since coming into force almost 22 months ago, it has played a significant role in promoting regional economic cooperation, and enhancing the region's economic resilience and boosting its risk-resisting capacity. The next few years will be critical for the RCEP to perform to its full potential.

The 19th Meeting of the Working Group on the ASEAN Forum on Taxation (WG-AFT 19) and the 16th Meeting of the ASEAN Sub-Forum on Excise Taxation are taking place in Luang Prabang province of Laos from October 14-16.

Thanks to efforts to intensify in-depth trade promotion, and maintain and expand export markets, the export turnover of the Mekong Delta province of Ben Tre hit over 1.2 billion USD in the first three quarters of 2024, up 14.02% year-on-year, and equivalent to 70% of the yearly plan.

China's Ministry of Commerce (MOFCOM) announced on Tuesday it will extend anti-dumping tariffs on hydriodic acid from the US and Japan, effective October 16, 2024, for five years. A review found that removing the tariffs could damage the domestic industry, the MOFCOM said.

A scarcity in supply has drawn the attention of corporations and businesses involved in processing and importing to focus on cocoa-growing regions in Việt Nam.

Indonesia plans to import 3.6 million tons of rice this year, with Vietnam as its largest supplier.