The World Bank forecasts that Vietnam’s economy will grow 4.7% in 2023, and accelerate to 5.5% in 2024 and 6.0% in 2025.

Many companies in the Thai sugar industry have been subject to anti-dumping and anti-subsidy taxes by the Ministry of Industry and Trade on cane sugar.

The Vietnam - Israel Free Trade Agreement (VIFTA), which was signed last month, has opened up new opportunities for Vietnamese goods to enter an important market in the Middle East.

The disputes centred around US tariffs on steel and aluminum products and India's imposition of additional tariffs on select items originating from the United States.

The Finance Ministry has enforced anti-dumping duties on particular optical fiber imports from China, South Korea, and Indonesia to mitigate the adverse effects on the domestic industry.

There remains plenty of opportunities for Vietnamese rice to expand its market share in the UK amid India, the largest rice exporter to this market, suspending rice exports to the market, said Nguyen Canh Cuong, Vietnamese Trade Counselor in the UK.

The ban on rice exports by India and some other countries is a golden opportunity for Vietnamese rice, as the demand and export prices have advanced day by day. Meanwhile, the domestic rice source can fully meet both domestic consumption and export demand.

Exports estimated at some $9 billion for 2023, representing a decline of 15-16 per cent against 2022