Vietnam Urged to Monitor EU Steel Regulation for Exporters

The Trade Remedies Authority of Vietnam has advised Vietnamese exporters of galvanized steel to Australia to monitor developments and prepare appropriate response measures. Companies are urged to review all export activities related to the products, particularly data on pricing and production costs. According to the Vietnam Trade Office in Mexico, the move helps partially restore steel trade flows between the two countries as Mexico tightens oversight on origin verification and technical standards for imported steel. As Vietnamese steel companies pivot towards the domestic market due to weakening export demand, they are grappling with intense competition that has compressed profit margins across the sector. By translating Resolution No. 10-NQ/TW into concrete programmes and actions, Hanoi is laying a solid foundation to attract high-quality FDI, turning foreign investment not only into an economic resource but also a catalyst for innovation, productivity growth and faster, greener and more sustainable development. Infobae reported on August 4 that the Republic of Korea's LG group has expanded its advanced materials production in Vietnam by launching a new production line in the northern port city of Hai Phong. According to a notice issued on August 4, FAS invites US universities, agricultural trade associations, and non-profit organisations to apply for this technical assistance funding to evaluate crop yields and reductions in nitrogen leaching in the US and Vietnam using US manufactured biofertilsers such as liquid fish fertiliser. More than 470 tonnes of rice grown in Cuba from Vietnam's OM5451 variety were handed over to Cuban partner GRANMAX at a ceremony in Havana on August 4, marking the first harvest delivered by Vietnamese agricultural company TBAgri under a joint Vietnam–Cuba rice production project. Discussions focused on French market demand, the development of products tailored to consumer preferences, the enhancement of business linkages, the improvement of tourism offerings' quality, and practical cooperation models. Vietnam must pivot hard from tax breaks to cost-based support. Incentives will target infrastructure, workforce training, research and development, and innovation, which directly lower investment costs and lift operational efficiency, a formula already being copied by countries competing for quality FDI. With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,675 VND/USD, and the floor rate 24,135 VND/USD. The SBV has proposed amendments to Decree 52/2024/ND-CP on cashless payment, allowing banks to close accounts that have remained inactive for at least three years since their last transaction unless otherwise agreed between the banks and the customers. Success will increasingly be measured by whether foreign investment brings technology, develops local talent, establishes research and development (R&D) capability, and integrates Vietnamese enterprises more deeply into global value chains, according to HSBC. According to the National Statistics Office (NSO) under the Ministry of Finance, total retail sales of goods and consumer service revenue in July were estimated at 669.1 trillion VND (over 25.45 billion USD), up 0.9% from June and 14.5% year-on-year. From 00:00 on August 1 to 23:00 on August 8, 2026 (GMT+7), passengers can hunt for Eco tickets from only 0 VND (excluding taxes and fees) on all Vietjet routes at website www.vietjetair.com and the Vietjet Air app With a total investment of 7.774 trillion VND (nearly 296 million USD), the project is currently the largest solar power plant by installed capacity in Tay Ninh. Industrial production expanded steadily as newly commissioned production facilities came into operation and businesses continued to scale up manufacturing. The resolution on renewing Vietnam’s development model goes beyond the goal of rapid and sustainable economic growth. It establishes a comprehensive development model designed to unlock new growth space, mobilise resources more effectively, strengthen national competitiveness, and help Vietnam achieve its goal of becoming a developed, high-income country by 2045. According to the National Statistics Office (NSO) under the Ministry of Finance, inflation remained under control, with the consumer price index (CPI) edging down 0.1% in July from the previous month. Average CPI in the January–July period rose an estimated 4.39% year-on-year, staying within the yearly target. Since its debut in Vietnam in 2011, the annual fair has become an important trade promotion platform, contributing to stronger economic and commercial ties between Zhejiang and Vietnam. The programme will be funded by state-owned commercial banks, which have pledged to provide concessional loans to help SMEs gain better access to capital to expand production and business activities, and support economic growth. With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,649 VND/USD, and the floor rate 24,111 VND/USD. Ho Chi Minh City is calling for investment in around 250 projects across nine priority sectors, mainly focusing on developing the International Financial Centre, digital finance, smart banking and supporting data infrastructure, large-scale logistics and port developments, transport infrastructure supporting trade, import-export activities, industry and smart logistics, green industries, clean energy and next-generation industrial parks. China is the world's largest fruit market and Vietnam's biggest export destination for fruits and vegetables. Rising import demand in recent years has created significant opportunities for Vietnamese producers. Copyright, VietnamPlus, Vietnam News Agency (VNA) Editor-in-chief, Mr. Tran Tien Duan.