Industry insiders pointed to stable raw material prices and a strategic shift towards higher-value processed products as key factors underpinning the strong performance of the two top earners -shrimp and tra fish.

There is a long tradition of bilateral relations between Germany and Vietnam. Vietnam has also been an important partner country within the Partnering in Business with Germany programme since 2008.

The White House confirmed on Tuesday that President Donald Trump will impose new tariffs on Wednesday, though it provided no details about the size and scope of trade barriers that have businesses, consumers and investors fretting about an intensifying global trade war.

Australian Prime Minister Anthony Albanese and his rival in a May election, Liberal Party leader Peter Dutton, said they would stand up for the country's national interests in the face of looming US tariffs that could hit Australian beef.

Israel has cancelled its remaining tariffs on imports from the United States, officials said on Tuesday, a day before the Trump administration hits global trading partners with reciprocal levies.

India’s Directorate General of Trade Remedies (DGTR) has initiated an anti-dumping investigation into Elastomeric filament yarn originating from China and Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV).

Vietnam has been attracting and utilizing foreign direct investment (FDI) for nearly four decades since 1988. This capital flow is regarded as one of the key pillars of economic growth.

The quick response from Vietnam has won approval from industry leaders, with some considering the tax cuts as a "swift, positive, and timely" move that showcases Vietnam’s goodwill.

Europe has “a strong plan” for striking back at the United States in response to Donald Trump’s tariff hikes “if necessary,” a top official said Tuesday on the eve of a long-anticipated announcement of massive import levies by the US president.

As Donald Trump’s April 2 “Liberation Day” for announcing “reciprocal” tariffs on America’s trading partners approaches, the question in Beijing is whether this will be the moment when its nascent trade war with the US really escalates