Fish exporters see mixed prospects in H1

Fish exporters see mixed prospects in H1

Basa fish exporters continued to eye a drop in their profit in the first half of the year.
Shipping costs continue to climb

Shipping costs continue to climb

The newly published financial statements of several businesses revealed that shipping fees have seen an exponential increase.
EU's Carbon Border Adjustment Mechanism and its impact on Vietnam's industry

EU's Carbon Border Adjustment Mechanism and its impact on Vietnam's industry

The impending implementation of the European Union's Carbon Border Adjustment Mechanism (CBAM) is poised to have a considerable effect on Vietnamese exporters, especially those operating within the steel, cement, aluminium, and fertiliser sectors.
Exporters struggle with escalating shipping costs

Exporters struggle with escalating shipping costs

Following a challenging 2023, the rising shipping costs are another hurdle for exporters in 2024.
Exporters take advantage of global deals to expand reach

Exporters take advantage of global deals to expand reach

Vietnam is making strides to expand export markets, which has brought about a remarkable increase in revenues and a major change in structure.
Exporters being stifled by VAT tweaks

Exporters being stifled by VAT tweaks

The constant changes of requirements for verification of records and invoices are being called too challenging for exporters, with businesses complaining that VAT refund procedures are becoming more baffling.
Exporters urged to meet EU trade deal regulations

Exporters urged to meet EU trade deal regulations

Despite the EU-Vietnam Free Trade Agreement’s eradication of tariffs for many export items into the EU market, meeting strict rules of origin continue to be a burden for firms to cash in on the deal’s benefits.
Exporters anxious over EU carbon tax implementation

Exporters anxious over EU carbon tax implementation

With the European Union to begin use of the Carbon Border Adjustment Mechanism in October, the changes will have a direct impact on four categories of industrial products exported by Vietnam to the EU.
The catalyst to boost exports in 2023

The catalyst to boost exports in 2023

Free trade agreements are instrumental in the performance of Vietnam’s export businesses, underpinning the country’s export target of 6 per cent in 2023.
Exporters expect difficult year ahead

Exporters expect difficult year ahead

Many exporters are finalising their last orders in 2022 with their minds concerned with an anticipated tough year ahead.
Vietnam’s wood exporters under FSC standard pressure

Vietnam’s wood exporters under FSC standard pressure

Weak export market demand and stable freight rates rendered some wood materials imported into Vietnam cheaper. However, FSC-certified logs imported from the EU market become more expensive for Vietnamese manufacturers, forcing them to look at home-grown, certified solutions.
Exporters seeking to retain competitive edge

Exporters seeking to retain competitive edge

Adverse fluctuations in the exchange rate and high USD interest rates could be detrimental to Vietnam’s exports next year, urging businesses to proactively respond to exchange rate issues in addition to the State Bank of Vietnam’s intervention.
Transition period sets path for UK export prospects

Transition period sets path for UK export prospects

Exporters of industrial items in Vietnam will have to abide by a new marking regulation from Great Britain when they want to export their goods there.
Exporters building pay contingencies

Exporters building pay contingencies

Manufacturers that export goods to Russia will be required to look for alternative payment methods while the country remains blocked off from the SWIFT payment gateway.
Exporters endeavouring to avert conflict-induced delays

Exporters endeavouring to avert conflict-induced delays

The Russia-Ukraine conflict is tormenting agricultural exporters who have managed to seek out solutions to shun and limit risks caused by disruptions resulting from the escalating situation.
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