According to Việt Nam Industry and Trade Information Centre, China is the largest steel exporter to Việt Nam with an increasing share from 43.64 per cent in 2022 to 62.18 per cent in 2023.
Many shipping companies have increased their terminal handling charges (THC) at ports, resulting in losses for Vietnamese cargo owners, who claimed the increases were not communicated clearly and fairly.
Businesses need better forecasting models and risk prevention tools related to exchange rates. For example, using financial derivatives and diversifying payment currencies may help minimise risks and even bring benefit from currency fluctuations.
Brazil has not allowed the export of whole frozen shrimp and still applies additive and phosphate standards on Tra fish (pangasius) that are different from the Office International des Epizooties (OIE)’s standards, thereby causing difficulties for Vietnamese seafood exports.