As US tariffs continue to pressure global trade, Vietnamese businesses are undergoing a comprehensive transformation, from supply chains and production to markets and services, to adapt and stay competitive.

CBAM, a policy tool designed to prevent "carbon leakage" – where companies move production to countries with laxer environmental regulations to avoid carbon costs – imposes a carbon fee on goods imported into the EU based on the carbon emissions generated during their production.

Anti-dumping duties will continue to be imposed on producers from China and Japan while those on relevant exporters from the RoK and Vietnam will be terminated, starting from June 23.

Deputy Prime Minister Nguyen Hoa Binh says that Vietnam and the US are actively negotiating on tariffs, adding that "we will do everything possible to ensure the 46 percent tariff on Vietnamese goods does not materialize.”

In the first five months of the year, the two-way trade turnover reached more than 16.23 billion SGD, 28.07 per cent higher than that of the same period last year.

According to the Department of Customs, Viet Nam’s fruit and vegetable export turnover in May 2025 was estimated at over 496 million USD, representing a 33.5% decrease compared to the same period in 2024.

The 90-day pause on Trump’s 46 per cent tariff on Vietnamese exports offers Hanoi short-term relief but underscores its vulnerability to US trade pressures.

ASEAN is bolstering intra-bloc trade and fostering fair markets where non-tariff barriers are set to be trimmed, in which Vietnam is strengthening links with regional peers.

Thai finance minister says talks might continue beyond July 9 expiry date of moratorium.

Amid increasing global uncertainties, Vietnamese businesses are working hard to proactively develop risk response plans not as an option, but as a survival necessity to maintain supply chains and secure markets.