Global funds have purchased a net $9.64 billion in stocks across emerging Asian markets, excluding China, over the past three weeks - the longest streak of inflows since March 2024.
Việt Nam and the United States have held their first in-person ministerial talks on a reciprocal trade agreement, aiming to deepen economic ties under their Comprehensive Strategic Partnership.
Amid the new US tariff policy, many Vietnamese businesses believe that, in addition to direct difficulties in tax rates, indirect difficulties will arise in terms of regulations on quality and traceability.
Dr Trương Minh Huy Vũ, Director of the HCM City Institute for Development Studies, emphasised the need to diversify export markets, strengthen international cooperation, and maximise the advantages of existing free trade agreements (FTAs).
The HCM City banking sector will help businesses overcome the impacts of the new US tariffs on their exports as part of broader macroeconomic measures initiated by the Government and the city, according to the State Bank of Vietnam.
Economists and business leaders are raising serious concerns over the US announcement to impose a 46 per cent reciprocal tariff on Vietnamese goods starting April 9, warning of potential negative impacts on exports and the country’s overall economic growth.
Việt Nam should continue bilateral negotiations with the US administration on major export commodities while guiding businesses in diversifying markets, attracting more US investments, and increasing purchases of goods from the US, an analyst has said.
While Việt Nam is not the largest exporter of steel and aluminium to the US, domestic businesses will still face significant challenges due to this policy.
Many Vietnamese enterprises are keeping a close eye on the escalating US-China trade war and have expressed concern about its possible adverse impact on their business.
With the US-China trade war escalating, Viet Nam may be able to increase exports of items like furniture, agricultural products, and leather products to the US, a conference heard in HCM City on Wednesday.
The latest US tariffs on Chinese auto parts was likely to hit Viet Nam’s rubber industry, said head of the Vietnam Rubber Association (VRA)’s Rubber Development Consulting Division Tran Thi Thuy Hoa.