Vietnamese Firms Tackle US Tariffs with Smart Strategies
The US recently imposed a 20% reciprocal tax on goods originating from Vietnam, a level that presents challenges but remains manageable for domestic enterprises.
Many Vietnamese firms are responding proactively by restructuring operations, standardising production and diversifying export markets to maintain growth momentum amid these new trade barriers.
Nguyen Phuong Lam, Director of the Vietnam Chamber of Commerce and Industry’s Mekong Delta branch, noted that the tariff rate is a significant reduction from the previous 46%. He added that the gap between Vietnam and other Southeast Asian nations is now only around...
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