Posted on 04/29/2025 2:14:28 PM PDT by tsowellfan
HÀ NỘI — Promising developments are being made in the ongoing tariff negotiations between Việt Nam and the US, despite persistent trade challenges.
That's according to Đỗ Ngọc Hưng, Trade Counsellor to the US, speaking at a conference for Việt Nam trade offices abroad held by the Ministry of Industry and Trade on April 28.
The conference underscored that while global tariff tensions are creating hurdles, they also present opportunities for Việt Nam to restructure its trade strategies, boost innovation and expand its global footprint.
Strengthened international cooperation, improved domestic competitiveness and agile policy support remain key to navigating this shifting landscape.
Speaking at this event, Hưng acknowledged existing tariff pressures on Việt Nam-US trade.
However, he emphasised that optimism remains high among major US retailers, including Walmart, Target, Costco and Home Depot. These corporations have expressed confidence in a resolution, supporting the removal of reciprocal tariffs between the two nations...
(Excerpt) Read more at vietnamnews.vn ...
Vietnam is big on auto parts exports...
Vietnam is also where China hides a lot of its exports. You think they come from Vietnam but they actually come from China...
As long as importers from Vietnam ‘eat’ a 10% tariff, I really don’t care what the Vietnamese do.
Side note: I have a bias towards tariffs, as a manufacturer who has lost substantial amount of business over the last 4 years to producers in Vietnam.
Worse was foreign governments subsidizing business loans to buy machinery made in their country. During days of 8% prime interest rates, that was a huge wall to climb for American manufacturers.
Worse was foreign governments subsidizing business loans to buy machinery made in their country. During days of 8% prime interest rates, that was a huge wall to climb for American manufacturers.
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Good point.
Also, I wouldn’t be against some tax breaks on our side for industrial & manufacturing capitalization, to speed up production starts.(including agricultural producers.)
Ideologues will yell about government centralized industrial policy and trade unions, but it could be done in a manner that would temper their worst fears.
HÀ NỘI
You state, “Vietnam is also where China hides a lot of its exports. You think they come from Vietnam but they actually come from China...”
Could you please provide evidence for that claim. I suppose it is needless to recall that since the US departure Viet Nam has cracked down hard on the Chinese of Cho Lon, Saigon’s sister city; there was a short sharp border battle between Vietnam and China, where China suffered a bloody nose; and there are recent reports of Chinese continuing to leave the south Vietnam. I can find no evidence of serious Chinese investment in Vietnam.
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