Hanoi, June 20 -- The Ministry of Industry and Trade (MoIT) has issued a stark warning to businesses, urging them to closely monitor the escalating tensions between Israel and Iran that threaten to disrupt global trade, according to a ministry official.

Speaking at a regular press conference in Hanoi on June 19, Deputy Director of the MoIT's Agency of Foreign Trade Tran Thanh Hai pressed companies to stay updated via the Ministry of Foreign Affairs, the MoIT, and trusted news sources to gauge risks and swiftly adjust operations. Hai stressed rigorous scrutiny of export-import contracts, particularly key terms concerning freight charges, delivery schedules, insurance coverage, and force majeure provisions, to shield against disruptions. H...