Amidst the strong wave of shifting production investments and diversifying global supply chains by multinational companies, experts view this as a significant opportunity for Vietnamese suppliers and supporting industries.

It is extremely necessary to grasp and understand the new EU regulations such as CBAM and EUDR. Thereby, businesses have plans, measures and roadmaps to adjust export production activities, maintain and develop export markets.

The semiconductor industry is crucial for the US economy and national security, but it faces significant challenges. The CHIPS and Science Act aims to address domestic manufacturing shortfalls and reduce reliance on foreign suppliers, having already spurred over US$450 billion in private investments. But concerns persist amid financial constraints, supply chain disruptions and geopolitical tensions with China. Strategic policy reforms, international cooperation and enhanced workforce development are vital for securing US leadership in this critical sector.

Vietnam’s fruit and vegetable export turnover is likely to hit a record high of 7 billion USD in 2023, driven by the current momentum and steady double-digit growth in recent times.

Vietnam and China have been tightening their economic and trade ties over the recent years, reflecting a strong vitality, said the International Business Daily, the mouthpiece of the Chinese Ministry of Commerce.

Argentina is Việt Nam's main trading partner in the field of corn imports.

Sharing with Customs News, Mr. Tran Thien Long, Permanent Vice President of the Vietnam Industrial Real Estate Association, said that in order to welcome "eagles", Vietnam's industrial parks must undergo comprehensive transformation to meet the requirements of stakeholders in the global supply chain, including green standards.

On the ASEAN side, there are expected demands for more concessions on items where India has not yet offered duty cuts or tariff eliminations.

The Vietnam Maritime Administration (VMA) said that sea freight rates have decreased recently, dropping by about 4% compared to the previous week.

Deputy Minister of Agrculture and Rural Development Tran Thanh Nam has called for coordination from Japan to implement capacity-building programmes for cooperatives joining Vietnam's project on developing 1 million hectares of high-quality, low-emission rice linked with green growth in the Mekong Delta region by 2030, with focus on building a digitalisation system for chain management and establishing a system for monitoring and evaluating emission reductions.