Vietnam's wood exports are recovering positively, but there are still many potential risks in terms of trade defense as well as policies to control wood origin in key markets.

Chinese carmakers and the country's leading auto association have expressed opposition to the EU's latest draft plan on charging extra duties on China-made EVs but said they remain committed to exploring European markets.

Maintaining and enhancing sustainable economic growth is one of the major challenges facing Vietnam's economy, as the old growth model has not yet undergone fundamental changes. Experts suggested that Vietnam should continue to innovate its growth model, focusing on developing high technology, encouraging creative startups, and transitioning to a green economy model.

Global production supply chains are led by the multinational corporations and domestic enterprises must cooperate with those companies to join the chains, the experts said.

With the current uncertainties in the global rice market, Indonesia's call for larger rice tenders is a major opportunity for exporters, particularly those from Việt Nam.

Việt Nam is gradually emerging as an important market for Korean agricultural equipment and materials export.

Farm exports to the US have increased sharply in recent months. Woodwork exports in the first seven months 2024 rose by nearly $1 billion over the same period last year.

Though Vietnam’s export revenues see an increase, Vietnamese small businesses suffer stress as their major export markets are tightening technical barriers.

In 2018, the United States initiated a series of tariffs against Chinese goods over a trade deficit and trade practices that it believed unfairly disadvantaged US industries.

As a key export item of Vietnam's seafood industry, to maintain market share in some major markets, pangasius processing and exporting enterprises are managing to overcome "heavyweight" competitors.