Vietnamese businesses are bracing for continued global trade uncertainties and surging costs, yet remain confident in their ability to expand internationally, according to HSBC’s 2025 Global Trade Pulse Survey released last week The survey, which gathered insights from over 5,700 international firms across 13 key markets, highlights how tariff volatility, shifting trade policies, and supply chain disruptions are forcing global corporations—including those in Vietnam—to reassess strategies and operations. Despite these headwinds, a significant 81% of Vietnamese companies expressed optimism about growing their international trade footprint over the next two years. Globally, businesses are facing an uphill battle. Two-thirds of respondents reported already experiencing increased costs tied to trade and tariff instability. The survey further revealed that 73% of companies anticipate higher short-term costs and 72% expect long-term costs to rise. On average, firms foresee an 18% decline in revenue due to ongoing supply chain delays. In Vietnam, the outlook is even more challenging. About 80% of Vietnamese firms reported cost increases directly linked to trade uncertainty, and they expect sharper increases in the short term (82%) and longer term (75%) compared to their global counterparts. Supply chain disruptions are hitting Vietnamese businesses harder, with the expected impact on revenue exceeding […]