Vietnam PM seeks new trade deals to counter US tariff impact
Vietnam’s prime minister said Hanoi was pursuing new trade deals this year to mitigate the impact of tariffs imposed on its goods by the United States, its largest market. The statement came days after estimates by the United Nations Development Programme showed US duties risked slashing by up to one-fifth of Vietnam’s exports to the […]
Read MoreVietnam braces for Typhoon Kajiki as it nears coast
Vietnam has shut down airports, closed schools, and begun mass evacuations as it prepares for the most powerful storm so far this year. Typhoon Kajiki, with gusts of up to 166 kph (103 mph) at sea, was around 110 km (68 miles) off the northern part of Vietnam’s central coast as of 0300 GMT and […]
Read MoreFlash floods kill three in Vietnam, nine missing
HANOI: Flash floods struck Vietnam’s mountainous north overnight, killing at least three people while nine others are missing, disaster authorities said Friday. Heavy rain of up to 30 centimeters triggered the floods in the provinces of Son La, Phu Tho, Tuyen Quang and especially Dien Bien, isolating several communities. The ministry of agriculture said three […]
Read MoreVietnamese coastal provinces on emergency footing as Typhoon Wipha nears
Vietnam’s Prime Minister put coastal provinces on emergency footing for Typhoon Wipha, saying it could cause flooding and landslides, as airlines cancelled flights ahead of the storm’s expected landfall early on Tuesday. Wipha is expected to complicate the search for people still missing after a tourist boat capsized during a thunderstorm in Halong Bay in […]
Read MoreVietnam to introduce measures to cope with US tariffs: trade official
Vietnam will devise measures to improve product quality to cope with potential risks from US tariffs, as it seeks to expand exports to other markets and reduce its reliance on the United States, the country’s deputy trade minister said on Wednesday. The Ministry of Industry and Trade is coordinating with firms to work on the […]
Read MoreTrump’s Vietnam tariff pact challenges Asean unity as foreign ministers meet
Joseph Sipalan and Hadi Azmi Southeast Asian nations are scrambling to recalibrate their approach to US tariffs ahead of a key diplomatic gathering that starts in Kuala Lumpur on Tuesday, as Washington’s preference for one-on-one trade deals casts doubt over Asean’s collective bargaining power. US President Donald Trump on Sunday announced a delay to the […]
Read MoreVietnam’s new US trade deal sparks optimism despite tariff challenges
By Bac Pham and Bennett Murray Vietnam breathed a sigh of relief when US President Donald Trump announced a trade deal had been struck between Hanoi and Washington. The Vietnam Stock Index reached its highest level since April 2022, indicating confidence that export stability had been achieved. On the face of it, the deal is […]
Read MoreVietnam Q2 GDP growth quickens on strong exports, US trade deal brightens outlook
Vietnam’s economy grew at a faster pace in the second quarter of this year led by strong exports, in an encouraging sign just days after US President Donald Trump said he would place lower-than-threatened 20% tariffs on many Vietnamese products. Concerns over the Southeast Asian manufacturing hub’s outlook had been growing in the run up […]
Read MoreTrump says US has struck trade deal with Vietnam
US President Donald Trump said on Wednesday that the United States has struck a trade deal with Vietnam, after months of negotiations, that imposes a 20% tariff rate on many imports from the Southeast Asian country. The rate is lower than an initial 46% levy Trump announced in April on goods from Vietnam, largely as […]
Read MoreHanoi bans The Economist’s printed issue with Vietnam’s top leader on cover: distributor sources
The Economist’s latest printed edition for Asia featuring Vietnam’s top leader To Lam on its cover has been banned in Vietnam, sources at two local media distributors told Reuters, in a new instance of censorship in the Communist-run country. The May 24 issue, which is still available in the country in its electronic version, portrays […]
Read More