Given that the Middle East offers relatively healthy profit margins for pangasius and certain value-added product lines, the sharp rise in logistics costs could fundamentally alter the profit structure of the entire supply chain.
Beyond security concerns, the VMIWA advised businesses to evaluate the economic impact of the conflict, specifically regarding fluctuations in oil prices, freight rates, and shipping surcharges.
The central province’s export value for February is estimated at $509.2 million, up 14.3% year-on-year, while import value reached $792.5 million, down 11.9%.
Vietnamese citizens are advised to avoid unnecessary travel, especially to crowded areas, sensitive events, areas around diplomatic missions, military bases, key installations and major shopping malls during periods of security alerts.