Data from the Vietnam Food Association (VFA) shows that in the past two weeks, export rice prices have continuously decreased sharply. Vietnam’s 5% broken rice is currently down 15 USD/ton compared to session 5.9 to 628 USD; 25% broken rice also decreased by 15 USD to 613 USD/ton. These are the two strongest consecutive declines since India banned rice exports.

According to statistics from the Plant Protection Department (Ministry of Agriculture and Rural Development), from the beginning of 2023 until now, countries importing Vietnamese agricultural products have detected and warned about more than 370 shipments (bananas, mangoes, dragon fruits, jackfruit, durian…) in 13 provinces and cities in the Southern region with violations of plant quarantine.

Durian is priced lower in the Chinese market than its equivalent in Vietnam. Businesses must exercise moderation due to heavy losses from export.

The World Trade Organization (WTO) on Tuesday flagged growing fragmentation in international trade, with an over nine-fold increase in the number of trade concerns raised at the Council for Trade in Goods over the last six years. Concerns raised at WTO committees are seen as early warning signs for potential trade disputes.

Last week’s ASEAN Summit and related meetings in Jakarta were attended by Southeast Asian leaders along with representatives of Dialogue Partners from the United States, China, Japan, India, Australia, South Korea, and other nations.

With increasing technical barriers to trade and intense competition, Việt Nam’s fruit farmers and businesses need to meet quality requirements and improve their competitiveness to grow exports, a workshop heard in HCM City on September 11.

Agri exports to US hit $13 billion in 2022, just 6.7% of its total.

After a long-standing collaboration, Việt Nam and Japan have made remarkable strides in trade and investment.

Việt Nam is the 13th largest tuna supplier in the UK market. The UK is currently importing a lot of fresh and frozen tuna products from Việt Nam, and it is forecast to show many positive signs in the coming months.

Although there have been several improvements in recent months, global economic headwinds could still blow Vietnam’s exports off course.