Timber and wood furniture exports to the Canadian market during the opening two months of the year surged by 47.4% to reach US$36 million against the same period from last year, according to statistics released by the General Department of Vietnam Customs.
Việt Nam's exports to the US have continued to recover since the end of last year, with a strong growth in export value in the first two months of 2024.
On January 31st the Centre cut import duties on certain mechanical components such as battery covers, camera lenses, back covers to zero, from the earlier 7 per cent import duty on these components.
The Trade Remedies Authority of Việt Nam has provided early warnings for products at risk of being subject to trade defense measures when exported to the US, EU, Mexico and Australia.
In 2023, Vietnam continues its standing as one of the top three global rice-exporting nations, constituting about 15% of the total global rice export volume. Despite Vietnamese rice having established a foothold in various global markets, competition with other contenders has never ceased.