Vasep said that lobster was being exported to China mainly via unofficial channels, which posed many risks, including price fluctuations and changes in import policies.

The reduction in seafood exports is gradually narrowing, seafood processing and exporting enterprises are trying to find opportunities to boost exports in the last months of the year.

The U.S. Department of Commerce has imposed countervailing duties on Hyundai Steel and Dongkuk Steel, alleging that Korea’s cheap electricity rates are effectively subsidizing the Korean steel industry. This is the first time the U.S. government has slapped tariffs due to cheap electric power in a final determination for imposing countervailing duties.

A seminar was held by the Vietnam Trade and Industry Review in Hanoi on October 6 to discuss how to connect with the EU firms and make the best use of the EU-Vietnam Free Trade Agreement (EVFTA).

Việt Nam, as an open economy with multiple Free Trade Agreements (FTAs) in place, is committed to fulfilling its obligations in the automobile import sector.

In the nine-month period, Việt Nam exported about 6.61 million tonnes of rice, equivalent to US$3.66 billion, an increase of 23.1 per cent in volume and 40.4 per cent in value compared to the same period last year, said Nguyễn Văn Việt, director of the ministry's Planning Department.

Vietnam's bird nest industry is booming and it largely has the Chinese market to thank for its success. However, the need for sustainable breeding and careful nest management is crucial.

Both sides have also agreed on plans to organise the 14th Việt Nam-UK Joint Economic and Trade Committee (JETCO 14)and the 3rd meeting of the Joint Trade Committee for the UKVFTA in 2024 in the UK.

Deputy PM Tran Luu Quang has signed a PM dispatch on implementing urgent and essential tasks and measures to combat illegal, unreported, and unregulated (IUU) fishing and prepare for the fourth inspection trip by the European Commission (EC) team.

Despite the decline in shrimp export value during the first eight months of this year, positive signs show that export revenue has continuously increased since May, according to Nguyen Viet Thang, Chairman of the Vietnam Fisheries Association.