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Update news US market
Prime Minister Pham Minh Chinh directs agencies to push for balanced trade and legal reforms.
Not the billion-dollar pangasius, but Vietnam’s humble tilapia is now captivating American buyers, leading to a surge in orders worth tens of millions of dollars. Thanks to this, exports of the once modest fish have seen phenomenal growth.
Vietnam has expressed its willingness to engage in discussions with the United States to address recent tariff issues concerning solar panels, calling for fair, objective consideration of all relevant information in line with international practices.
The United States’ decision to impose a 46% import tariff on Vietnamese goods has sent shockwaves through Vietnam’s export-driven economy. To remain globally competitive, Vietnam must restructure its economic model.
Vietnamese customs authorities will tighten control over raw material sources to prevent foreign goods from being falsely labeled as “Made in Vietnam” for export to the United States and other markets.
Despite U.S. tariffs on Vietnamese exports, HDBank reports low exposure, with loans tied to U.S. trade accounting for under 1.5% of its total.
Vietnam and the U.S. have officially launched bilateral talks, aiming for balanced, mutually beneficial trade relations.
In the first scenario, if the tariff rate remains at 10% throughout 2025 and is applied uniformly to all countries, both Vietnam's exports and its agricultural growth target for 2025 would face minimal impact.
PM Pham Minh Chinh reaffirms Vietnam’s readiness to engage in constructive dialogue amid tariff pressure.
Amid rising global trade tensions, the PM orders urgent action to help affected Vietnamese exporters.
The pause offers a golden chance to negotiate, but Vietnam must quickly define a long-term trade strategy.
Economists have presented several growth scenarios for Ho Chi Minh City in light of the United States’ new 46% countervailing duty on imported goods from Vietnam. Chairman Nguyen Van Duoc also shared his perspective on this latest development.
Vietnam forms delegation to negotiate reciprocal trade agreement with U.S., led by Minister Nguyen Hong Dien.
With just 90 days to export freely, Vietnamese firms scramble to fulfill orders
Vietnam forms trade negotiation team with US by April 11 following PM's directive.
During a phone call with New Zealand Prime Minister Christopher Luxon, Prime Minister Pham Minh Chinh shared Vietnam’s ongoing efforts in engaging with the United States on reciprocal tariff issues.
Vietnamese firms restart shipments amid 90-day pause on U.S. reciprocal tariffs.
Vietnam’s Ministry of Science and Technology met with FDI tech companies to address U.S. tariff concerns, pledging support and practical solutions as trade talks with Washington continue.
Vietnam believes ASEAN must remain united, composed, and resilient in working with the United States, while prioritizing cooperation with external partners in general and the U.S. in particular.
Trump's tariff shock on April 9 sent global markets plunging before a surprising policy reversal offered hope.