- © Copyright of Vietnamnet Global.
- Tel: 024 3772 7988 Fax: (024) 37722734
- Email: [email protected]
Update news US market
Despite surface-level imbalances, value-added analysis reveals that American companies and consumers benefit greatly from Vietnam’s role in global supply chains.
With new U.S. tariffs on the horizon, Vietnam will need to grow 8.3% in the next nine months. The government has proposed an urgent action plan to meet this target.
Hanoi has requested urgent talks between Deputy Prime Minister Ho Duc Phoc and U.S. officials, as both sides seek a resolution to new American tariffs.
Prime Minister Pham Minh Chinh leads urgent government meeting to counter 46% U.S. tariff, exploring cooperation and import balancing efforts.
The proposal aims to give both sides time to reach a fair, win-win trade solution as exporters maintain prices and market stability.
A positive dialogue between To Lam and Trump sets the tone for potential bilateral breakthroughs.
In a phone call with President Trump, Vietnam’s top leader called for mutual 0% tariffs and more U.S. investment in Vietnam.
New U.S. import taxes may push up product prices, reduce orders, and spark strategic shifts in FDI tech manufacturing.
Gold prices spiked to new records following U.S. tariff announcements, but experts warn of potential pullbacks amid rising profit-taking pressure.
Industry leaders say the new tariffs hit FDI manufacturing sectors, not IT services - Vietnamese companies like FPT and Viettel remain unscathed.
Led by Deputy PM Bui Thanh Son, the inter-ministerial group will monitor U.S. trade shifts and coordinate national responses to protect Vietnamese exports.
Vietnam’s VN-Index posted a historic loss on April 3 after President Trump unveiled sweeping import tariffs, with Vietnam facing a 46% rate.
Businesses are advised not to panic as negotiations between the U.S. and Vietnam are underway to manage the proposed tariff hike.
The Ministry of Finance proposes major tax reductions on goods like cars and agricultural products to enhance trade relations with the US.
The Trade Remedies Authority of Vietnam urged businesses to continue monitoring the export and import of plywood products to prevent illegal transhipment and the misrepresentation of Vietnamese origin.
While Vietnam is not the largest exporter of steel and aluminium to the US, domestic businesses will still face significant challenges due to this policy.
Global tariff retaliations present opportunities for certain Vietnamese industries and publicly traded companies to gain from increased exports, FDI and supply chain realignments.
Eggs are becoming increasingly expensive in the US but are cheap in Vietnam, which produces about 20 billion eggs a year.
The US remains Việt Nam’s largest export market, with an estimated trade value of US$10 billion in January.
The Commercial Counsellor and Head of the Vietnam Trade Office in the US pointed out that US producers have yet to meet domestic steel demand fully, leaving room for Vietnam’s exported steel and aluminium products in the market.