Vietnam's exports in August fell 7.6% from a year earlier, official data showed on Tuesday, making a sixth straight month of decline as weak global demand weighs on the export-reliant economy.

Vietnam still tops the list of rice exporters in the world in terms of rice export prices, with its 5-percent broken rice selling for US$638 per tonne last Friday.

The Ministry of Agriculture and Rural Development this morning informed the country’s total import-export turnover of agricultural, forestry and fishery products in the first eight months of the year.

While Vietnamese tuna exports to major markets such as the United States, Japan, and Canada continued to decline, exports to the EU market have prospered, according to the General Department of Vietnam Customs.

Besides strict requirements from importers, Vietnam's textile and garment industry also have to face fierce competition from many trade partners. Therefore, experts say that a competitive garment product must deploy an integrated production process.

Marko Walde, chief representative of the Delegation of the German Industry and Commerce in Vietnam, Myanmar, Cambodia and Laos, has suggested that local firms utilize the support of competent agencies, international trade promotion agencies, and associations in order to achieve greater penetration into the fastidious EU market.

Economic expert, Assoc. Prof. Dr. Dinh Trong Thinh spoke to Customs Magazine about the issues surrounding the global minimum tax policy, which is being developed by the Ministry of Finance and will be implemented by Vietnam from 2024.

The Free Trade Agreement between Vietnam and Israel (VIFTA) was officially signed on July 25, 2023, will open up opportunities for Vietnam's seafood exports to Israel and the Middle East market.

China’s economy was meant to drive a third of global economic growth in 2023, so its dramatic slowdown in recent months is sounding alarm bells across the world.

Some foreign direct investment (FDI) enterprises have encountered difficulties in customs procedures for exporting goods of imported origin without undergoing processing. The Customs authority has provided timely response and guidance.