Over the years, Japan has always been the second-largest market for Vietnamese seafood, after the US. But in the first half of this year, Japan became the largest export market.

US importers have borne almost the complete burden of tariffs placed on Chinese goods amid the long-running tit-for-tat trade war between the two global powers, according to a report from the economy, politics and society (EPoS) research centre at the universities of Bonn and Mannheim.

Both Singapore and Malaysia produce a disproportionately large amount of the world’s semiconductors.

The Thai Government’s spokesperson Anucha Burapachaisri said Prime Minister Prayut Chan-o-cha is promoting the enforcement of the Regional Comprehensive Economic Partnership (RCEP) agreement to create opportunities for Thai entrepreneurs to penetrate the global market

Since the first batch of Vietnam’s Ri6 durian was officially exported to the UK in May, TT Meridian Company has regularly imported 3-4 tons of this specialty fruit every week, which shows that it is well received by consumers in this market.

Vietnam’s rice exports witnessed decent growth in the first five months of 2023 in both established and new markets. It is forecast that rice export will continue growing in the coming months thanks to strong demand while global inventories have fallen to record lows.

Vietnam and the Republic of Korea (RoK) have become top important partners of each other in various fields, with economic, trade and investment cooperation serving as both pillar and primary driver of their increasingly growing relationship, said Vietnamese Minister of Industry and Trade Nguyen Hong Dien.

In mid-May 2023, the European Commission issued regulations on the establishment of a Carbon Border Adjustment Mechanism (CBAM) in the EU, requiring businesses to adapt so as not to lose their competitive advantage.

Vietnamese export activities are expected to rebound in the second half of the year, provided that businesses swiftly interpret market signals and seize upon export opportunities.

Online exports are seen as a “launchpad” that helps businesses maintain sustainable revenue and increase exports in the context of rising inflation and consumers tightening their spending, according to insiders.