Mark Carney has been sworn in as Canada’s 24th prime minister, bringing the former central banker to power in the middle of an explosive trade war with the US.

Minister of Industry and Trade Nguyen Hong Dien has affirmed that after 30 years of diplomatic relations, 10 years of comprehensive partnership, and two years of upgrading to a comprehensive strategic partnership, Vietnam–US relations have been growing steadily across a variety of fields.

According to experts, in 2025, the steel industry will face a series of difficulties and potential risks. Accordingly, ensuring and expanding the market is increasingly urgent.

Việt Nam and Singapore have significant potential to expand their trade relationship, with numerous untapped opportunities, experts said at a seminar in HCM City on Thursday.

In the context of a volatile global economy, Vietnamese businesses are facing pressure to innovate to maintain growth and compete in both domestic and international markets. According to data from the Ministry of Industry and Trade, Vietnam’s export revenue in 2024 reached more than 335 billion USD. However, to maintain this growth momentum, businesses need to have a more effective market access strategy.

Currently, Vietnamese exporters such as Formosa and other HRC suppliers face a provisional duty of 12.1 per cent when exporting to the EU.

Malaysia’s trade performance in 2024 continued to deliver outstanding performance, recording another milestone with trade reaching new heights. Trade, exports and imports rebounded in 2024 with trade amounting to RM2.879 trillion, an increase of 9.2 percent year-on-year, surpassing the RM2 trillion mark for four consecutive years.

In the context of coffee prices in Sweden reaching their highest levels in decades due to climate change, this presents new opportunities for the Vietnamese coffee industry to expand its market share.

Customer demand remains high, with Vietnam exporting over one million tonnes of rice in the first two months of the year.

Investigation by the Ministry of Industry and Trade shows that PT. Kebun Tebu Mas has circumvented Việt Nam’s trade defence measures for certain sugar products.