American companies are eager to buy from Vietnam’s shrimp market as global production declines, freight rates rise, and the year-end holiday season approaches, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Along with exporting products to the United States, competent Vietnamese agencies and businesses are also making every effort in order to bring US agricultural products to the Vietnamese market.

The Central Statistics Agency (BPS) reports that Indonesia has imported 3.05 million tons of rice, worth $1.91 billion, from January to August 2024. This represents a 121.34 percent increase in rice imports compared to the same period last year, contributing 1.5 percent to the country's non-oil and gas imports.

The Investment, Trade and Industry Ministry (MITI) is confident that Malaysia's single window trade initiative, to harmonise with China's customs system, will facilitate business and trade operations by reducing red tape, coordinate and launch Malaysia-China cross border trade processes.

PHDCCI's President, Sanjeev Agrawal, attributed this growth to rising exports of electronic goods, tea, coffee, spices, and cereal preparations, projecting continued export strength as India's supply chains grow stronger.

A trade delegation from Vietnam – scheduled to arrive in the Mahoning Valley Oct. 1 – has the potential of developing stronger business ties that could boost exports and diversify the local economy’s global supply chain, specialists say.

The country played a proactive role in shaping regional economic cooperation at the 56th ASEAN Economic Ministers’ Meeting (AEM) held in Vientiane, Laos from September 16-17.

The import-export turnover between Vietnam and China reached nearly 130.8 billion USD in the first eight months of this year, according to the latest statistics from the General Department of Customs.

The past eight months of the year witnessed two-way trade between Vietnam and the United States reach US$87.7 billion, with strong growth recorded in both exports and imports.

Việt Nam exported 6.16 million tonnes of rice in the first eight months of this year, up 5.9 per cent over the same period last year, the Ministry of Agriculture and Rural Development (MARD) has said.