The draft decree states that Vietnamese halal certification organisations will be supported in improving their capacity, achieving international recognition and having their certification results accepted.

The two sides agreed to promote exchanges aimed at launching negotiations for a Vietnam–Egypt Free Trade Agreement (FTA) as a breakthrough measure to increase bilateral trade volume and promote sustainable, mutually beneficial economic cooperation.

Among the seven countries surveyed by S&P Global in July, Vietnam led with a PMI of 52.4, well above the ASEAN average of 50.1. New export orders rose for the fourth straight month, reaching their fastest growth rate since November 2024.

The tariffs U.S. President Donald Trump imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said in comments aired on Sunday.

The US has implemented a new executive order, on July 31, 2025, that maintains existing rates for Vietnamese imports while imposing modified reciprocal tariffs on other countries.

US President Donald J. Trump signed an Executive Order on August 1 (Viet Nam time) which adjusts rates for 69 countries and territories listed in Annex I. The reciprocal tariffs on Vietnamese imports have been lowered to 20% from 46%.

The Thai Cabinet convened a special meeting on August 1 to approve a draft trade statement between Thailand and the US.

The US government’s 20% tariff on Vietnamese exports is straining the textile and seafood sectors by raising costs and reducing competitiveness, but industry leaders remain hopeful as businesses can adapt through operational optimisation and market diversification.

It’s become a familiar strategy in Southeast Asia. Companies from China, coveting the American market but blocked by tariffs, do an end run.

Myanmar’s military government said it remains upbeat on reaching a deal with the US to see a decrease in Trump’s new tariffs of 40% on goods from the Southeast Asian country.