Australia has achieved another step forward for its horticulture industry as Canberra recently announced it has reached an agreement to export plums to the Vietnamese market in the near future, in addition to current peach and nectarine exports.

In the first seven months of 2024, indicators such as investment attraction, industrial production, exports, consumption, and the number of international tourists to Vietnam all experienced significant growth, signaling a clear recovery of the country's economy. According to the Ministry of Planning and Investment's forecast, there is a solid foundation to expect higher growth results, surpassing the 6.5% target for 2024.

As Vietnam considers implementing a carbon tax, experts are divided over its potential benefits and drawbacks. While some believe it will help reduce emissions, others warn of potential economic harm.

Under the new agreement 99 per cent of Australian products will enter the UAE tariff free

Unseasonable weather has severely affected the farming of many fruits and vegetables in the south.

American companies are eager to buy from Vietnam’s shrimp market as global production declines, freight rates rise, and the year-end holiday season approaches, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Along with exporting products to the United States, competent Vietnamese agencies and businesses are also making every effort in order to bring US agricultural products to the Vietnamese market.

The Central Statistics Agency (BPS) reports that Indonesia has imported 3.05 million tons of rice, worth $1.91 billion, from January to August 2024. This represents a 121.34 percent increase in rice imports compared to the same period last year, contributing 1.5 percent to the country's non-oil and gas imports.

The Investment, Trade and Industry Ministry (MITI) is confident that Malaysia's single window trade initiative, to harmonise with China's customs system, will facilitate business and trade operations by reducing red tape, coordinate and launch Malaysia-China cross border trade processes.

PHDCCI's President, Sanjeev Agrawal, attributed this growth to rising exports of electronic goods, tea, coffee, spices, and cereal preparations, projecting continued export strength as India's supply chains grow stronger.