VOV.VN - The US government’s 20% tariff on Vietnamese exports is straining the textile and seafood sectors by raising costs and reducing competitiveness, but industry leaders remain hopeful as businesses can adapt through operational optimisation and market diversification.

VOV.VN - Vietnam is implementing multiple synchronized measures to respond to the United States’ 46% reciprocal tariff, aiming to cushion its negative impact on exports and the economy in general.

Vietnam's textile and garment industry has fulfilled its US$44-billion export turnover target in 2024, an increase of over 11% compared to 2023, thanks to efforts in market diversification, technological innovation, and effectively capitalising on the shift in orders.

VOV.VN - The benefits of free trade agreements (FTAs) have exerted a positive impact on the socio-economic development of localities across the country, especially in terms of accelerating trade growth and market expansion, according to insiders.

Although Vietnamese rice has been exported to 150 countries and territories, markets for the product are mainly Asian countries and thus need to be diversified, according to experts.

VOV.VN - With China continuing to close its doors to Vietnamese tourism, travel firms are encouraged to explore additional opportunities from high-end markets such as Japan, the Republic of Korea, Australia, Europe, and the United States among others.

VOV.VN - Vietnam is expected to enjoy a wealth of opportunity to raise trade turnover by 6% in 2023 after bringing in more than US$700 billion for the first time in 2022.