According to experts, US President Donald Trump’s recent signing of an order imposing tariffs on exports from Canada and Mexico, as well as increasing tariffs on products from China, is seen as the beginning of the tariff policies under the Trump administration. This also leaves the possibility of the US imposing tariffs on imports from other countries.
The MoIT recommended that businesses take a proactive approach by developing roadmaps and strategies to diversify export markets, improve product quality, and ensure compliance with technical, labour, and environmental standards.
Carbon credit trading mechanisms are not yet working in many sectors, causing issues for enterprises who want to trade.
Vietnam’s garment and textile industry needs to develop a closed-loop supply chain with a focus on obtaining self-sufficiency in raw materials in order to meet the rules of origin under the UK – Vietnam Free Trade Agreement (UKVFTA) for expanding exports to this market.
Digital transformation aimed at reducing emissions and fostering sustainable development has become an intrinsic need for businesses. This shift stems from recognizing the tangible benefits demonstrated by pioneering enterprises that have successfully implemented and achieved these initiatives.
As one of the world's leading textile, garment and footwear exporting countries, Vietnam is facing many opportunities as well as challenges in response to strict customer regulations in "greening" production, including a number of commitments such as implementing social and environmental responsibilities and reducing emissions...
Many of Vietnam's key commodities hold significant potential for growth in the Asian and African markets.
In order to compete with goods on cross-border e-commerce platforms entering Vietnam, experts and businesses recommend that in addition to improving product quality and lowering costs, it is necessary to remove bottlenecks in transportation and delivery.
Currently, the rate of domestic enterprises applying recycling standards in production is not high, mainly in large enterprises and FDI enterprises, while this is becoming one of the standards for exporting to key markets.
Mr. Donald Trump was re-elected as the President of the United States. The special trade policies of the United States under Mr. Trump can create both opportunities and challenges for Vietnam's seafood exports in the time to come.
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