Vietnam's total export turnover reached 405.5 billion USD in 2024. According to calculations by the Ministry of Industry and Trade, to achieve the target of 12% export growth in 2025, the country must reach an export turnover of 454 billion USD. This is a highly challenging goal, as it requires an average monthly export turnover of approximately 38 billion USD.

Southeast Asian nations reeled on Thursday as they were hit with some of President Donald Trump's heftiest tariffs, which now threaten the economies that have benefited from investment since he imposed levies on China during his first term.

The most immediate impact of Trump’s tariffs will be inflation, both in the US and worldwide. As import costs rise, businesses will pass these costs onto consumers, driving up prices, said Professor Phar Kim Beng of ASEAN Studies at the International Islamic University of Malaysia (IIUM).

In an unexpected move, the administration of US President Donald Trump announced it would impose a “reciprocal tariff” rate of 46 percent on Vietnam’s imports. As developments related to this news unfold, we provide preliminary evaluations of the tariff plan’s impact on Vietnam’s trade and economy.

In response to US' announcement of "reciprocal tariffs" on all its trade partners, China's commerce ministry (MOFCOM) said on Thursday that China strongly opposes the move and will firmly take countermeasures to safeguard its own interests.

Malaysia, as the Asean chair this year, will prioritise the importance of deepening regional economic ties following the announcement of sweeping US tariffs on the bloc’s member nations as well as leading them in engaging Washington in talks to potentially reduce retaliatory tariffs on imports into America.

China on Thursday urged the US to immediately cancel its latest tariffs and vowed countermeasures to safeguard its own interests, after President Donald Trump declared sweeping levies on US trading partners around the world.

According to the latest data from the General Department of Vietnam Customs under the Ministry of Finance, Vietnam’s import-export value reached US$35.66 billion in the first half of March, taking the total to US$162.78 billion in the period from January to March 15, up 12% from the same time last year.

French President Emmanuel Macron was quick to respond to US President Donald Trump’s punitive tariffs on the European Union (EU) by urging businesses in the world’s largest trading bloc to halt spending on the US.

Minister of Industry and Trade Nguyen Hong Dien has sent a diplomatic note requesting US authorities delay the tariff imposition to allow for constructive dialogue to seek a reasonable solution for both sides.