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Boats in Harbor, Vietnam on March 8, 2023.
Alexandra Schuler | Photo Alliance | Getty pictures
Vietnam has long been a successful example of the world’s biggest companies to produce the world’s largest companies to produce electronic products from around the world to produce their electronic products.
However, now worries, despite the diplomatic recommendations of aggressive tariffs of US President Donald Trump, the economists are likely to change their policy as soon as possible
Trump hit Southeast nation with 46% import dutyOne of the steepest Targeted more than 180 countriesto deal with a heavy blow to a nation achieved About 90% of the annual gross domestic product According to the World Bank calculations, from the export of goods and services in 2023.
This year, the new culaces can be a 1.2 percentage point for economists in the OCBC Group of Economists this year, in 2025, each discount of 5% of GDP for the country and Hanoi’s ambitious target would be a significant dent. This year is “at least 8%”.
The growth of the Southeast Asian economy has already slowed this year, in the first quarter previously previously exceeded 7.55% in the quarter, 6.93% expanded.
Vietnam has emerged as a production center for many companies selling goods in the United States, including retailing multinational consumer goods Nike, Adidas, Uniqlo and Company Name Apple IncDue to the mixture of relatively cheap labor costs and supportive government policy.
According to Nike’s annual earnings report, factories in Vietnam for 2024 50% of their shoes are produced and 28% of his clothing products, and Adidas welded 39% of shoe items from Vietnam last year. Apple is also Expanded the existence of production in Vietnam In recent years, 20% of iPad production and 90% of Apple’s clothing parliament are Apple Watch in Vietnam.
The End of the United States-China Trade War, many Chinese manufacturers in the first period of Trump, many Chinese manufacturers, and many Chinese manufacturers and production of US tariffs moved to Viet.
Vietnam’s trading surplus in the US goods in the United States $ 123.5 billion height record Last year, less than $ 40 billion in 2018, according to US data, according to US report to $ 136.6 billion in 2024.
Last week, the new grips announced by Trump, according to the OCBC Bank, this year can increase the total goods export of Vietnam to 40% this year. The bank showed information from the customs authority of Vietnam that this showed about 30% of the total trade turnover of the goods to the United States.
New positions can also reduce the charm of the production base in the country, which weighs direct investments flowing in Vietnams.
But as often as International Trade StatisticsDue to the differences in the assessment methods, there are inconsistencies between the inconsistencies between the United States and the official numbers of the United States and Vietnam.
Nguyen Thu Oanh, Head of Inflation Department in the Statistics Department, Sunday said Bloomberg reports that the new US tariffs may be a leader to transfer some foreign companies from Vietnam.
“Interaction tariffs in ASEAN and India will now damage the Chinese + 1 strategy that has benefited the region for several years,” he said.
Hard way for bargaining
In addition to China, Vietnam, Washington’s Washington, Chetan Ahya, Morgan Stanley will face a major trade surplus and a more difficult way to help re-processing the supply chains.
After its name Phone call with Trump last FridayVietnam’s party’s party is ready to read the country’s tariff for the country to bring the country’s tariff to 0% for exporting the country to the United States
He also reiterated the U.S. to reduce the bilateral trade surplus of Hanoi and encouraged American companies to increase investments in Vietnam.
In response to questions about Vietnam’s Zero Tariff Offer, the White House Trade Advisor Peter Navarro said That was not enough to guarantee the cancellation of new collections.
“Let’s take Vietnam.Square box“
Examples of Navariff, citing Navarro, criticized Chinese products as additional value taxes and hidden trade barriers to Vietnamese, intellectual property and transported goods.
Hanoi, including Trump’s extended “reciprocal tariffs, has tried to offer trade figures Reduce the tariffs in a few US products are confirmed and confirmed as liquefied natural gas and cars A trial period for Starlink Satellite Internet Service in the country.
Retaliated with China 34% extra tariff for all US goodsHowever, the majority of Asian economies have chosen to avoid retaliation.
The Asian economy’s talks with the United States can not give desirable results for the countries with the United States and large trade surplus, especially for the United States, “said Michael Wan, Michael Wan, a large Asian economist in MUFG Bank.
Vietnam’s talks with the Trump Office can “carry some fruit,” the United States will offer to cut “sharp” tariffs from the proposed levels.
China’s revenge was revealed, because Vietnam complicated his talks with us, because politicians could exploit Chinese companies more sensitive tariffs in Vietnamese.
