European Union (EU) import charges on carbon-intensive products are expected to have a limited impact on climate change and only a modest negative effect on economies in Asia and the Pacific, according to research by the Asian Development Bank (ADB).

China continued to be the largest provider of goods to Vietnam among the seven leading import markets with a turnover of over US$1 billion in January, according to figures given by the General Department of Vietnam Customs.

Logistics costs have been a headache to the Vietnamese agricultural sector as they account for a lion share in the price of agricultural products.

China strongly opposes the United States' accusations regarding its trade policies and economic practices and called on the country to abide by the rules of the World Trade Organization and its own commitments, said the Ministry of Commerce on Monday.

China became the second largest importer of Vietnamese seafood behind Japan in January, with shrimp and pangasius imports witnessing a four-fold rise compared to the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam’s aquatic product exports in January surged 60.8% year-on-year to 730 million USD, making a positive signal for the year, according to the Ministry of Industry and Trade’s Agency of Foreign Trade.

While optimistic about a recovery in wood products exports, industry insiders also cautioned about the challenges ahead and said businesses should adopt flexible strategies and enhance promotions to retain their traditional customers and get new ones.
 

The export of fruits and vegetables is forecast to reach $6.5 billion this year, after setting a record of nearly $5.6 billion in 2023.