According to the Vietnamese trade authorities, fraudulent activities have been a growing trend in major markets including the United States, Canada, and Europe.
The textile and garment industry in Việt Nam wants a bilateral agreement or a free trade agreement to reduce export taxes upon entering the Canadian market.
The tension in the Red Sea, which has led to increases in logistic costs and shipping time, is forecast to affect Vietnamese exporters of garment, textile, footwear and leather products from the second quarter of 2024 if it persists.
More challenges are expected for Vietnam’s aquaculture exports in 2024, according to Tran Dinh Luan, General Director of the Department of Fisheries under the Ministry of Agriculture and Rural Development.
China’s recent removal of tariffs on all dairy products from New Zealand, including milk powder used for both general consumption and processing to infant formula, could spell huge potential for brands that have a strong focus on quality and sustainability.