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Update news us market
The US is now a comprehensive strategic partner and one of Vietnam's largest export markets. Meanwhile, Vietnam ranks as the US's eighth-largest trading partner.
Amid unpredictable fluctuations in US tariff policies, Vietnamese businesses must take a proactive and strategic approach to sustain their exports to this key market, experts emphasised at a workshop held in Ho Chi Minh City on May 9.
The VN-Index jumps 3.3% as the new KRX system and trade negotiations boost investor confidence.
Large Vietnamese enterprises plan to intensify engagements and meetings with US partners from now until June to advance the signing of contracts to implement previously signed agreements and memoranda of understanding with US partners.
Minister of Industry and Trade Nguyen Hong Dien called for the development of bilateral trade relations in a balanced, long-term, and sustainable manner, in full compliance with Vietnam’s international commitments.
U.S. reciprocal tariff policies targeting several countries, including Vietnam, have become a focal concern for banks, as these measures could directly impact their clients and, in turn, affect the quality of bank assets.
This marks the 7th time the Government leader has chaired an exclusive meeting to seek solutions to the US's new tariff policy, following key directives from the Party Central Committee, the Politburo, and Party General Secretary To Lam.
If a business pays VND100 billion in taxes in 2025, and VND150 billion the next year, it will enjoy a tax reduction based on the excessive tax amount, according to a proposal suggested to help Vietnamese businesses overcome difficulties.
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.
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.
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.
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.
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.
The pause offers a golden chance to negotiate, but Vietnam must quickly define a long-term trade strategy.