“If we take a broader view, the biggest challenge facing Vietnam’s textile industry today does not lie in the U.S. tariff, but rather in its internal capacity, specifically in terms of controlling supply chains, low production technology, and low added value,” said Assoc. Prof. Dr. Ha Van Hoi, senior lecturer and former Dean of the Faculty of International Economics and Business, University of Economics (Vietnam National University, Hanoi), in an interview with The Saigon Times. Looking straight at the deeper issues The Saigon Times: At the end of July, U.S. President Donald Trump’s administration announced a 20% reciprocal tariff on Vietnam. If this tariff is enforced, how will it affect the competitiveness of Vietnam’s textile and garment exports to the U.S. compared with key rivals such as China, India, and Bangladesh? – Assoc. Prof. Dr. Ha Van Hoi: First, let me clarify: in early July 2025, U.S. President Donald Trump announced the imposition of a 20% tariff on Vietnamese exports to the U.S. Although this is lower than the previously proposed 46%, it still negatively impacts the competitiveness of Vietnam’s textile industry in the American market. In addition, transshipment through third countries to avoid tariffs will be subject to a […]
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