Over the past nine months of this year, two-way trade hit nearly $6.5 billion with $5.7 billion from Vietnamese exports, up 22 per cent year-on-year.

Although South Asia is an enormous market with substantial consumer demand well-suited for Vietnam's key export staples, trade potential with the region remains fully untapped, experts revealed at a workshop in Ho Chi Minh City on November 13.

In the first nine months of 2024, Việt Nam's exports of rattan, bamboo, sedge and carpet products reached US$594.8 million.

Vietnam's agricultural exports to the US have surged, driven by strong demand and impressive growth in key sectors such as wood products, seafood, and other agricultural products, showcasing a strong recovery and expanding opportunities.

Vietnam has faced 268 trade defence investigations, with more than half coming from Asia, Africa and Oceania, according to the Ministry of Industry and Trade.

Although Vietnam’s rice exports have traditionally focused on Asian markets, experts have advised businesses to pay more attention to Africa which has emerged as a key potential market.

A workshop was held in Hanoi on November 12 to discuss the potential for exporting fruit and vegetables to the Chinese market via official channels.

The duty aims to protect domestic industries from below-cost imports amid rising global trade tensions