HCMC – The American Chamber of Commerce in Vietnam (AmCham) has released the results of a snap survey conducted among its members, revealing significant concerns about the potential impact of tariffs on goods exported from Vietnam to the U.S.
The survey, conducted from February 4 to 11, 2025, gathered insights from over a hundred member companies, providing a timely assessment of business sentiment on this critical issue.
Travis Mitchell, AmCham’s executive director, said the survey results clearly reflect the growing anxieties among American businesses operating in Vietnam. Key concerns include supply chain disruptions, reduced competitiveness, and broader economic impacts.
The findings show that 81% of surveyed members are worried about the possibility of U.S. tariffs, with the concern rising to 92% among manufacturers. There was no significant difference in responses based on business size.
Over 75% of businesses believe tariffs would negatively affect their operations, leading to financial strain and reduced market access. Among manufacturers, 94% anticipate negative consequences.
Regarding potential layoffs, 46% of respondents indicated they might be forced to cut staff if tariffs are implemented, while 25% said they would not. Nearly two-thirds of manufacturers foresee possible job losses.
From a macroeconomic perspective, over 85% of businesses believe tariffs would harm Vietnam’s economy, and more than 65% think they would negatively impact the U.S. economy as well.
Businesses fear that tariffs could reduce trade, disrupt long-term business relationships, and drive up prices, ultimately affecting U.S. consumers. In response, some companies plan to shift exports to other markets or adjust their supply chains to reduce dependence on the U.S.
Despite these challenges, 94% of respondents—and 98% of manufacturers—believe Vietnam remains a favorable place to do business, citing its growing infrastructure, skilled workforce, and strategic location.
AmCham is urging policymakers in both the U.S. and Vietnam to engage in dialogue to sustain economic growth and minimize trade disruptions.
