Taxing time

April 04, 2025 - 20:04

The US has imposed a 46 per cent tariff on Vietnamese goods, significantly impacting textiles, footwear, and seafood. With Vietnam's export market to the US, accounting for nearly 30 per cent of its total turnover, businesses are facing rising costs and competitive disadvantages. While the government has responded swiftly with plans to negotiate a better tariff rate, companies adjust their strategies as they await further discussions.

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Economy

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Economy

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Economy

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Economy

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Economy

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Economy

Vĩnh Phúc earns over $2.2 billion from electronic components in Q1/2025

The electronics sector now accounts for around 60 per cent of all industrial projects in the province's industrial parks, with over 200 active ventures.

Economy

Việt Nam establishes task force to proactively adapt to US economic, trade policies

Deputy Prime Minister, Bùi Thanh Sơn, will serve as the head of the task force, with the Minister of Industry and Trade acting as the deputy.

Economy

Import-export turnover through Móng Cái border gate up 45 per cent in Q1

Móng Cái International Border Gate is a primary border gate connecting Việt Nam's Móng Cái City and China's Dongxing City.

Economy

Việt Nam's foreign investment surges 35% in Q1

Foreign investment disbursement grew 7 per cent year-on-year, reaching nearly $4.96 billion in the period. This increase underscores sustained confidence from international investors, reaffirming Việt Nam's position as a key investment destination.

Economy

HCM City economy grows at fastest pace in five years

Việt Nam’s largest economic hub, HCM City, is seeing a robust economic recovery, with its Gross Regional Domestic Product (GRDP) rising over 7.5 per cent year-on-year in the first quarter, marking the highest growth rate since 2020.

Economy

Việt Nam to launch KRX trading system on May 5

The KRX system is currently in its final testing phase before full implementation. During this period, securities firms are conducting simulated trading sessions as if on a normal trading day.

Economy

Hà Nội keeps CPI well under control

The CPI for the first quarter of 2025 increased by 2.75 per cent compared to the same period last year, indicating that inflation remains well under control.

Economy

Positive credit helps drive economic growth

As of March 20, outstanding loans reached nearly VNĐ15.93 quadrillion, up 1.98 per cent compared to the end of 2024 and up 17.60 per cent compared to the same period in 2024.

Economy

HCM City’s ambitious innovative start-up plans

HCM City aims to have 5,000 new innovative start-ups by 2030 and develop its start-up ecosystem, a conference organised by the HCM City Department of Science and Technology on April 3 heard.