In the wake of the US' fresh announcement of a 46% tariff on Vietnamese exports, Director of the Ministry of Industry and Trade (MoIT)’s Department of Foreign Market Development Ta Hoang Linh remains optimistic about the potential for negotiations to achieve a mutually beneficial outcome.
VOV.VN - Many businesses are flexibly diversifying markets, reducing costs, and adjusting their business strategies accordingly in response to the US imposing a 46% reciprocal tariff on Vietnamese goods.
VOV.VN - The average tariff rate for US exports to Vietnam is currently around 15%, far lower than the 90% figure claimed by the US, a representative of the Ministry of Finance stated in response to the US decision to impose a 46% reciprocal tariff on Vietnamese goods.
Deputy Prime Minister Nguyen Chi Dung hosted a reception in Hanoi on March 13 for Lien Andrew Michael, Vice President and General Director of Asian factories at Wanek Furniture Co., Ltd. - an 100% US-invested subsidiary of Ashley Furniture Industries, Inc.
Vietnam has not seen significant impacts from the US's new trade policies, as its exports are not in direct competition with American companies in their domestic market, according to Deputy Minister of Trade and Industry Nguyen Sinh Nhat Tan.
VOV.VN - As a leading financial newspaper run by Japanese media giants Nikkei Inc., Nikkei Asia have stated that, “Southeast Asia's growth leader in 2021 may well be Vietnam”, during a recent article detailing ASEAN's GDP forecasts for the year ahead.
VOV.VN - The nation’s tuna exports to major markets in the EU, such as Italy, Germany, and Spain have seen respective increases of 60%, 20%, and 41%, with exports to the EU set to continue with strong growth until the end of the year, according to the Vietnam Association of Seafood Exporters and Producers of Vietnam (VASEP).
Local companies do not have to worry about a preliminary anti-subsidy tariff imposed by the US Department of Commerce on car and truck tyres from Vietnam, executives told local media.