Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Vietnam weighs lowering tariffs on US agricultural exports
    Commodities

    Vietnam weighs lowering tariffs on US agricultural exports

    April 2, 20253 Mins Read


    Vietnam’s Ministry of Agriculture and Environment is considering reducing tariffs on certain U.S. agricultural imports as part of the efforts to strengthen trade ties and facilitate a more balanced exchange of goods, Deputy Minister Phung Duc Tien said at a press briefing on Tuesday.

    The announcement followed strong export growth in Vietnam’s agricultural, forestry, and fishery sectors.

    In March alone, export revenue for these products reached an estimated US$6.14 billion, bringing the total for the first quarter of 2025 to $15.7 billion, a 13-percent year-on-year increase, according to the ministry.

    The United States remained one of Vietnam’s most important agricultural trading partners, with exports to the U.S. rising 13.5 percent in the first three months of the year. 

    Other key markets included China, with a 3.6-percent increase, and Japan, where exports climbed 26 percent.

    “The agriculture sector aims for total agricultural, forestry, and fishery exports to reach between $64 billion and $65 billion this year, with a target of $70 billion as set by the prime minister,” Tien said.

    “The results from the first quarter provided a strong foundation for this goal.”

    Despite the strong performance, Vietnam is closely watching developments in U.S. trade policy. 

    He noted that the U.S. has been adjusting tariff policies and imposing stricter standards on imported goods. In response, Vietnamese officials are preparing proactive measures to mitigate any potential impact on exports.

    One of those measures includes a proposal to reduce tariffs on specific U.S. agricultural products imported into Vietnam. 

    The goal, according to Deputy Minister Tien, is to maintain smooth trade flows and support broader economic cooperation between the two countries.

    U.S. apples are put on sale at a supermarket in Vietnam. Photo: Chi Tue / Tuoi Tre

    U.S. apples are put on sale at a supermarket in Vietnam. Photo: Chi Tue / Tuoi Tre

    Coffee export prices surge over 70 percent

    Vietnam’s coffee exports saw a sharp increase in value during the first quarter of 2025, despite a decline in volume. 

    The country exported 200,000 metric tons of coffee in March, bringing the total for the first quarter to 509,000 metric tons, valued at nearly $2.9 billion.

    While the volume was down 13 percent compared to the same period last year, the export value jumped 50 percent due to a steep rise in global coffee prices. 

    The average export price for Vietnamese coffee reached $5,656 per metric ton during the first quarter, up nearly 72 percent year on year.

    Germany, Italy, and Japan were the top three importers, accounting for 16.2 percent, 9.9 percent, and 7.4 percent of total exports, respectively. 

    Compared to the previous year, coffee export value rose 79 percent to Germany, 32 percent to Italy, and 56 percent to Japan.

    Among the 15 largest export markets, Poland recorded the sharpest increase, with export value more than tripling.

    Indonesia was the only major market to report a decline, with export value falling 37 percent.

    Like us on Facebook or follow us on X to get the latest news about Vietnam!





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Teso, Karamoja farmers urged to embrace modern agricultural techniques

    Commodities

    Metal band cancel entire tour as they pull out of festival at last minute

    Commodities

    This legendary alt-metal band are sitting on an album recorded at the height of their success – but it may never come out

    Commodities

    Experts make surprising discovery that could have major impact on agricultural lands: ‘More valuable’

    Commodities

    How Twisted Metal Left a Scar – Literally

    Commodities

    Zuma Agricultural Harvest Festival begins 2025 planting season

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    La Haute Cour du Royaume-Uni rejette un litige contractuel de 5 millions de livres sterling contre Kefi Gold and Copper -Le 21 janvier 2025 à 14:04

    Precious Metal

    Copper Market Size 2024: Industry Overview, Manufacturers

    Investments

    Taux : T-Bonds peu affectés par la chute de confiance aux US

    Editors Picks

    Shenzhen to issue new offshore bonds in HK

    August 9, 2024

    Action King Copper Discovery Corp. | Cours 3RI Bourse BOERSE MUENCHEN

    March 14, 2025

    Ero Copper (TSE:ERO) Given New C$32.50 Price Target at Ventum Financial

    August 23, 2024

    Global technology outage causing flight disruptions at Newark Liberty Int’l Airport

    July 19, 2024
    What's Hot

    US House agrees to consider crypto legislation in big win for the digital asset industry

    July 16, 2025

    Cryptocurrency under attack by criminals, FBI says be aware

    July 14, 2025

    Le spécialiste du crédit Younited acquiert les comptes bancaires verts du français helios

    May 16, 2025
    Our Picks

    Rio Tinto banks on nation’s energy shift

    March 25, 2025

    Number of school shootings U.S. 2024

    August 15, 2024

    CleanSpark Provides Benefits in Response to Cryptocurrency Exchange Deposit Fee Restrictions

    August 14, 2024
    Weekly Top

    Essential Utilities Second Quarter 2025 Earnings: Beats Expectations

    August 2, 2025

    Olympic champion Sha’Carri Richardson arrested for domestic violence after row with sprinter boyfriend Christian Coleman

    August 2, 2025

    Experts make surprising discovery that could have major impact on agricultural lands: ‘More valuable’

    August 2, 2025
    Editor's Pick

    Kip Real Estate Investment Trust annonce un accord de vente et d’achat avec Senz Yang Realty

    April 8, 2025

    Latest Market News Today Live Updates July 28, 2024: Stock market update: List of market holidays for August 2024

    July 28, 2024

    Le festival métal L’Impar’Fest de retour avec quatre groupes à Alençon

    May 21, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.