With the dust far from having settled on this week’s U.S.-Vietnam trade agreement, one thing is clear: companies operating in what’s become one of the most vibrant Asian economies are on notice to move up the value chain.

Disagreements have remained regarding the United States imposing tariffs on Japanese automobiles.

ASEAN members seeking common ground with the USTR have offered to go on major ‘buy US’ sprees to cut their trade surpluses.

Vietnam and Indonesia ahead in negotiations; Thai turmoil takes toll on deal attempt.

That was the content discussed and shared at the training conference organized by the Department of Industry and Trade in coordination with the Department of Trade Defense (PVTM) - Ministry of Industry and Trade on July 3.

The U.S.-Vietnam Trade Deal, effective July 9, 2025, imposes a 20% tariff on Vietnamese footwear imports and a 40% levy on transshipped goods—those originating from countries like China and minimally processed in Vietnam.

In a significant move to bolster regional economic integration and facilitate foreign direct investment (FDI), UOB has signed five MoUs with government agencies and leading industry players in ASEAN and Greater China.

Washington’s latest trade decision hints at a broader diplomatic recalibration, as the global economic landscape demands new strategies to balance innovation with national interest.

The July 2 phone call between Vietnamese Party General Secretary To Lam and US President Donald Trump marks not only a significant step in bilateral economic ties but also bring about renewed optimism to Vietnam’s export community, particularly in southern provinces.

Minister of Industry and Trade Nguyen Hong Dien held a working session with newly appointed Ambassador of Australia to Vietnam Gillian Bird on July 2, during which the host called for stronger cooperation in trade, energy and industry.