VINACHEM

Fertilizer producer Nutrien said on Thursday US President Donald Trump’s proposed tariffs on Canadian imports will increase costs for American farmers. 

The impact of U.S. administration trade policies is expected to be neutral in 2025 and a net negative for Viet Nam’s economy in 2026, said Jola Pasku, senior economist at S&P Global Market Intelligence. 

Viet Nam surpassed the Philippines to rank fourth among ASEAN Member States in terms of economic size in 2024. 

The EU reinforced a desire to reduce its dependence on fertilizer imports and bolster domestic production in the name of "food sovereignty" in its Vision for Agriculture and Food, released Feb. 19. 

Oil prices were little changed on Thursday after rising to a near one-week high in the previous session, as an industry report showing a buildup in U.S. crude stockpiles weighed on sentiment. 

Vietnam’s industries and businesses are advised to better the diversification of markets in 2025, given that unpredictable fluctuations and escalating trade tensions may pose negative impacts on the country’s export activities. 

Vietnam imported 12 key commodities from Cambodia in January, with rubber leading in import turnover at US$123.7 million, up 25.3% year-on-year, according to the General Department of Vietnam Customs.