The tariffs are largely unchanged from the preliminary rates announced in August 2023, with the department implementing dumping rates of 123 percent for Chinese tin imports, 5 percent for Canadian tin imports, and 7 percent for German tin imports. However, the department also opted to set tariffs on some imported steel from South Korea, despite its preliminary determination to not do so.

Indonesia is offering resume direct exports of lobster larvae to Vietnam in exchange for investment in lobster farming and easing up on Vietnamese boats fishing illegally in its waters.

Constructing the Key Industrial Law aims to establish an independent, self-reliant and resilient industrial base.

With a positive economic outlook, the Ministry of Industry and Trade aims to increase exports by 6 per cent in 2024, running a trade surplus for nine years in a row, estimated at US$15 billion.

Products sourced from various countries, including Vietnam, are expected to increase their market share in the United States amid Chinese exports to this market decreasing.

Vietnam’s aquatic product exports will experience only a slight recovery in the first half of this year due to market volatility and a host of challenges to the global economy, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The high logistics costs are a significant burden for enterprises. However, it is expected that by 2030, these costs could be reduced to approximately 16 - 18% of GDP. This objective forms part of the draft Vietnam Logistics Service Development Strategy, which outlines goals up to 2030 and sets a vision towards 2050.

Tran Du Lich, an economic expert, asserted that it is time to fully exploit the domestic market, considering it the focal point to balance the country’s export-oriented economic policies and strengthen the economy's internal capabilities.

Despite its availability in over 150 countries, Vietnam's shrimp industry is grappling with fierce competition from global counterparts.

The scale of Vietnam's retail market has exceeded 180 billion USD in 2023 and is forecast to maintain positive growth in the following years. Meanwhile, many industries such as textiles and garments, leather - shoes, electronics... only supply domestic demand with 10% of output, the remaining 90% of output is for export.