The Ministry of Industry and Trade has just sent an official dispatch to export industry associations, manufacturing and exporting enterprises, stating that the international trade situation is evolving rapidly and unpredictably in the context of the US applying tariff policies to many countries around the world, including Vietnam.

Accordingly, the Ministry of Industry and Trade recommends that units ensure that production materials meet the requirements of importing countries, including quality, origin and traceability.

In addition, businesses are encouraged to seek more partners and expand operations to potential markets.

The Ministry of Industry and Trade also requested industry associations to remind their members of increasingly strict standards from import markets. Enterprises need to pay special attention to food hygiene and safety, traceability, and prevention of trade fraud... because these are issues that affect the reputation of Vietnamese goods.

The agency also emphasized the association's leading role in supporting businesses in diversifying their sources of input materials, minimizing risks from dependence on a single supply market. At the same time, associations and businesses need to coordinate with management agencies to promptly update changes in trade policies.

According to the Ministry of Industry and Trade, global trade is experiencing many unpredictable fluctuations, especially the US applying tariff policies to many countries, including Vietnam. On April 9, Mr. Trump wrote a notice to postpone reciprocal tariffs for countries that "do not retaliate", including Vietnam. The current reciprocal tariff rate is 10%, except for China.

Therefore, strict control of input materials is considered a proactive solution, ensuring harmony of interests between Vietnam and its partners without disrupting the production and business activities of domestic enterprises.

According to the General Statistics Office, the total import and export turnover of goods in the first quarter reached more than 202.5 billion USD, an increase of nearly 14% over the same period in 2024. Of which, exports increased by 10.6% and imports increased by 17%.

In terms of structure, the group of processed industrial goods reached nearly 91 billion USD, accounting for 88.4% of export turnover. Meanwhile, the group of production materials accounted for approximately 94% of import turnover, reaching more than 93.5 billion USD.