Given their large populations and rising incomes, South Asian countries are importing a diverse range of goods including consumer products, processed food, healthcare and beauty items, electronic components, and construction materials. 

The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports.

Anti-dumping duties will continue to be imposed on producers from China and Japan while those on relevant exporters from the RoK and Vietnam will be terminated, starting from June 23.

The US remained Vietnam’s largest market, accounting for 55% of the country's total wood exports. Key products include wooden furniture, plywood, doors, and handicrafts.

The US trade deficit with Asia is widening as importers stock up ahead of President Donald Trump’s “reciprocal” tariffs deadline. 

The duties were imposed following recommendations for the same from the Directorate General of Trade Remedies (DGTR), an arm of the commerce ministry.

As US tariffs continue to pressure global trade, Vietnamese businesses are undergoing a comprehensive transformation, from supply chains and production to markets and services, to adapt and stay competitive.

In May 2025 alone, the amount of wide-width hot-rolled coil (HRC) steel imported from China into Vietnam suddenly jumped to 181,000 tons, 25 times higher than the same period last year.