Continuous and abrupt changes in tariffs since U.S. President Donald Trump was re-elected for a second term have placed Vietnamese businesses on edge. Trump’s implementation of a series of new tariff policies aimed at protecting the U.S. economy, reducing trade deficits, and boosting local manufacturing has made the already-tough U.S. market even tougher. It is evident that the new U.S. tariff policies have not only sparked mixed reactions within the U.S. but also deeply impacted its trade partners, including Vietnam, one of the largest exporters to the U.S. Vietnamese businesses are facing significant concerns and challenges in maintaining market share in this market. So, what have they done and are doing to find solutions to adapt to the changing U.S. tariff policies? Significant challenges The possibility of facing additional tariffs is very high. Although Vietnam has not been explicitly targeted in recent U.S. tariffs like Canada, Mexico, China, or the EU, Vietnam’s huge trade surplus with the U.S., which amounted to nearly US$110 billion in 2024, puts Vietnam at risk of becoming the next direct target of these new measures. According to some businesses, including direct exporters to the U.S. market such as May Son Viet Joint Stock Company, and […]
Continuous and abrupt changes in tariffs since U.S. President Donald Trump was re-elected for a second term have placed Vietnamese businesses on edge. Trump’s implementation of a series of new tariff policies aimed at protecting the U.S. economy, reducing trade deficits, and boosting local manufacturing has made the already-tough U.S. market even tougher. It is evident that the new U.S. tariff policies have not only sparked mixed reactions within the U.S. but also deeply impacted its trade partners, including Vietnam, one of the largest exporters to the U.S. Vietnamese businesses are facing significant concerns and challenges in maintaining market share in this market. So, what have they done and are doing to find solutions to adapt to the changing U.S. tariff policies? Significant challenges The possibility of facing additional tariffs is very high. Although Vietnam has not been explicitly targeted in recent U.S. tariffs like Canada, Mexico, China, or the EU, Vietnam’s huge trade surplus with the U.S., which amounted to nearly US$110 billion in 2024, puts Vietnam at risk of becoming the next direct target of these new measures. According to some businesses, including direct exporters to the U.S. market such as May Son Viet Joint Stock Company, and […]
Continuous and abrupt changes in tariffs since U.S. President Donald Trump was re-elected for a second term have placed Vietnamese businesses on edge. Trump’s implementation of a series of new tariff policies aimed at protecting the U.S. economy, reducing trade deficits, and boosting local manufacturing has made the already-tough U.S. market even tougher. It is evident that the new U.S. tariff policies have not only sparked mixed reactions within the U.S. but also deeply impacted its trade partners, including Vietnam, one of the largest exporters to the U.S. Vietnamese businesses are facing significant concerns and challenges in maintaining market share in this market. So, what have they done and are doing to find solutions to adapt to the changing U.S. tariff policies? Significant challenges The possibility of facing additional tariffs is very high. Although Vietnam has not been explicitly targeted in recent U.S. tariffs like Canada, Mexico, China, or the EU, Vietnam’s huge trade surplus with the U.S., which amounted to nearly US$110 billion in 2024, puts Vietnam at risk of becoming the next direct target of these new measures. According to some businesses, including direct exporters to the U.S. market such as May Son Viet Joint Stock Company, and […]
HCMC – Trade along Vietnam’s northern border has grown sharply so far this year, with total import-export revenue at the Mong Cai international border...
The U.S. administration is ramping up import tariffs, raising concerns that Vietnam could become a transshipment point for goods that avoid high U.S. tariffs.
Vietnamese...
HCMC – Vietnam is considering reducing the export duty on cement clinker, currently at 10%, to support struggling producers, reported the Government news site...
HCMC – The National Assembly (NA) has approved an investment policy for a railway connecting Lao Cai, Hanoi, and Haiphong in northern Vietnam, aiming...
In 2025, due to significant shifts in the global economic and political landscapes, trade defense measures are expected to continue rising, with increasing complexity...
HCMC – Vietnam’s economy is projected to grow 7.2% in 2025, fueled by government-led infrastructure investments, exports, and domestic consumption, according to a macroeconomic...