Tariffs have taken center stage in global financial market discussions since early April. Unpredictable policy moves by U.S. President Donald Trump have roiled stock markets in many countries—and Vietnam is no exception. As a highly open economy, with total import-export turnover reaching 160% of GDP in 2024, Vietnam is expected to feel the brunt of the new U.S. tariff policy. The basic tariff rate of 10% is unlikely to cause major disruptions, as it aligns with the standard rate commonly applied worldwide, according to SSI Securities Corporation. However, the threat of reciprocal tariffs poses a much greater risk to global trade, primarily because supply chains and market demand cannot be quickly or easily realigned. Reciprocal tariffs are touted as a tool not only to maintain trade balance and boost budget revenues, but also to address concerns raised by the United States. They effectively set a ceiling that serves as a baseline for negotiations. U.S.-encouraged measures include increasing purchases of American goods, lowering import duties, expanding market access for U.S. agricultural products, easing entry for American businesses into Vietnam, and issuing a decree on “strategic trade control” to help address intellectual property concerns. It remains uncertain whether the 46% tariff on […]
Tariffs have taken center stage in global financial market discussions since early April. Unpredictable policy moves by U.S. President Donald Trump have roiled stock markets in many countries—and Vietnam is no exception. As a highly open economy, with total import-export turnover reaching 160% of GDP in 2024, Vietnam is expected to feel the brunt of the new U.S. tariff policy. The basic tariff rate of 10% is unlikely to cause major disruptions, as it aligns with the standard rate commonly applied worldwide, according to SSI Securities Corporation. However, the threat of reciprocal tariffs poses a much greater risk to global trade, primarily because supply chains and market demand cannot be quickly or easily realigned. Reciprocal tariffs are touted as a tool not only to maintain trade balance and boost budget revenues, but also to address concerns raised by the United States. They effectively set a ceiling that serves as a baseline for negotiations. U.S.-encouraged measures include increasing purchases of American goods, lowering import duties, expanding market access for U.S. agricultural products, easing entry for American businesses into Vietnam, and issuing a decree on “strategic trade control” to help address intellectual property concerns. It remains uncertain whether the 46% tariff on […]
Tariffs have taken center stage in global financial market discussions since early April. Unpredictable policy moves by U.S. President Donald Trump have roiled stock markets in many countries—and Vietnam is no exception. As a highly open economy, with total import-export turnover reaching 160% of GDP in 2024, Vietnam is expected to feel the brunt of the new U.S. tariff policy. The basic tariff rate of 10% is unlikely to cause major disruptions, as it aligns with the standard rate commonly applied worldwide, according to SSI Securities Corporation. However, the threat of reciprocal tariffs poses a much greater risk to global trade, primarily because supply chains and market demand cannot be quickly or easily realigned. Reciprocal tariffs are touted as a tool not only to maintain trade balance and boost budget revenues, but also to address concerns raised by the United States. They effectively set a ceiling that serves as a baseline for negotiations. U.S.-encouraged measures include increasing purchases of American goods, lowering import duties, expanding market access for U.S. agricultural products, easing entry for American businesses into Vietnam, and issuing a decree on “strategic trade control” to help address intellectual property concerns. It remains uncertain whether the 46% tariff on […]
HCMC - The Asia Commercial Bank (ticker: ACB) has announced its Q1 business performance, saying it obtained around VND4.6 trillion in pre-tax profit, down...
HCMC – Steelmaker Hoa Phat Group (HOSE: HPG) will supply steel for rails, train stations, underpasses, and other components of key national railway projects,...
Despite the recent constant withdrawals of foreign capital from the stock market, with all macroeconomic factors considered, there are still a few highlights to...
HCMC - Vietnam’s stock market rallied sharply today, April 10, with a wave of stocks soaring to their daily ceiling prices, following U.S. President...
Vietnam's stock market performed remarkably well in March, breaking through the 1,300-point resistance zone that had posed a challenge for nearly three years. This...
HCMC – The Hochiminh Stock Exchange (HOSE) has announced that the new information technology system for Vietnam’s stock market, known as the KRX system,...