Vietnam’s booming electronics industry (EI), led by multinational corporations, has played a vital role in spurring trade volume, and bolstering the country’s GDP in the past decade. Fueled by trade liberalization, corporate tax cuts, improved labor quality, and government reforms, Vietnam consistently attracts foreign investors eyeing Asia for relocating their electronics industry investments.

From October 1, 2023, the European Union (EU) officially launches a carbon tax pilot for 6 export industries to this market under the Carbon Border Adjustment Mechanism (CBAM). . This poses a requirement for sellers entering this market to "green export", protect the environment, and reduce emissions. Customs Magazine had an interview with Mr. Bui Huy Binh, Chairman of the Board of Directors of TraceVerified Traceability Solutions and Services Joint Stock Company about this issue.

Acknowledging the importance of improving the value of exports and increasing competitiveness, Vietnamese businesses have proactively sought solutions to apply science and technology in the production and export of agricultural products.

Macao, China deposited its instrument of acceptance of the Agreement on Fisheries Subsidies on 19 October. Ms Lúcia Abrantes Dos Santos, Permanent Representative, presented Macao, China’s instrument of acceptance to Director-General Ngozi Okonjo-Iweala.

Much criticism has been levelled against India’s July 2023 decision to ‘ban’ non-basmati rice exports, which previously made up a third of its milled rice exports. Critics have further argued that the move by India, as the world’s largest rice exporter, could damage its claim to lead the Global South, falling far from its promises to address global food challenges under its 2023 G20 presidency.

The Ministry of Industry and Trade’s Department of Export and Importrecently announced a list of 170 eligible rice exporters as of October 18.

As the U.S. tightens its restrictions on China's semiconductor industry, Chinese manufacturers of tools used to make chips are benefiting, with orders from the country's foundries accelerating in recent months.

Vietnamese enterprises should develop solutions to comply with international labour standards to be able to participate in global support chains and promote export sustainability, experts have said.

The EU has granted Cambodia the authority to utilise the Extended Cumulation Rule, allowing the use of raw materials or bicycle components originally from Vietnam in the production of bicycles for export to the EU, as stated by the Ministry of Commerce.

The shift towards exports via e-commerce platforms is likely to continue as technology is evolving and businesses are adapting to the changing market landscape, especially since the COVID-19 pandemic broke out, heard a seminar held by the Vietnam Industry and Trade Review in Hanoi on October 19.