trade

The Trade category covers import/export trends, trade agreements, and global market movements. It explores foreign direct investment, tariff policies, logistics, and international business relations, providing insights into market access, supply chain resilience, and regulatory impacts on trade flows.

 

What’s Next for Vietnam if Trump’s 46 Percent Tariff is Here To Stay?

Last week, the President of the United States Donald Trump announced sweeping tariffs on imports from all over the world. Among them was a 46 percent tariff on imports from Vietnam. This will have broad implications for Vietnam’s economy and the world economy more broadly. With this in mind, this article looks at what Trump hopes to achieve and the way he intends to achieve it, both of which make it look a lot like these tariffs are here to stay. That being the case, it also looks at the implications for Vietnam and ways it might be able to formulate an impact-mitigating response.

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Vietnam’s Q1 2025 trade turnover hits US$202.5 billion, up 13.7 percent

Vietnam’s total trade in goods reached US$202.52 billion in the first quarter of 2025, rising 13.7 percent year-on-year. While exports rose by 10.6 percent to US$102.84 billion, a faster 17.0 percent increase in imports narrowed the country’s trade surplus to US$3.16 billion, according to a press release from the General Statistics Office.

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Vietnam’s exports to China rise 16 percent in February

Vietnam exported US$4.24 billion worth of goods to China in February 2025, up 16.15 percent from US$3.65 billion in January, according to Vietnam’s General Department of Customs. This brought total exports to China in the first two months of the year to US$7.88 billion.

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Vietnam’s imports from Canada rise 13 percent in February

Vietnam imported US$77.80 million worth of goods from Canada in February 2025, up 13.17 percent from US$68.75 million in January, according to Vietnam’s General Department of Customs. This brought total imports from Canada for the first two months of the year to US$146.57 million.

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Vietnam’s exports to Indonesia climb 18 percent in February

Vietnam exported US$515.19 million worth of goods to Indonesia in February 2025, up 17.84 percent from January’s US$437.20 million, according to Vietnam’s General Department of Customs. This brought total exports to Indonesia in the first two months of 2025 to US$951.77 million.

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Vietnam’s imports from Australia fall 10 percent in February

Vietnam imported US$515.61 million worth of goods from Australia in February 2025, down 9.79 percent from January’s total of US$571.61 million, according to Vietnam’s General Department of Customs. This brought total imports from Australia for the first two months of the year to US$1.08 billion.

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Vietnam’s exports to the Philippines rise 9 percent in February

Vietnam exported US$442.63 million worth of goods to the Philippines in February 2025, an increase of 8.86 percent from US$406.61 million in January, according to Vietnam’s General Department of Customs. This brought total exports to the Philippines in the first two months of the year to US$849.44 million.

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Vietnam’s imports from New Zealand rise 4 percent in February

Vietnam imported US$63.73 million worth of goods from New Zealand in February 2025, a modest increase of 4.02 percent compared to US$61.27 million in January, according to Vietnam’s General Department of Customs. This brought year-to-date imports from New Zealand to US$124.95 million.

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Vietnam’s exports to the US rise 16 percent in February

Vietnam exported US$10.50 billion worth of goods to the United States in February 2025, up 15.79 percent from January’s total of US$9.07 billion, according to Vietnam’s General Department of Customs. This brought the total value of exports to the US in the first two months of 2025 to US$19.56 billion.

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Vietnam’s imports from Switzerland surge 43 percent in February

Vietnam imported US$65.71 million worth of goods from Switzerland in February 2025, marking a sharp increase of 42.94 percent from US$45.98 million in January, according to Vietnam’s General Department of Customs. This brought total imports from Switzerland in the first two months of the year to US$111.70 million.

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Trump’s 46% tariff on Vietnam imports shocks businesses, rattles markets

President Donald Trump has announced a sweeping 46 percent import tariff on goods from Vietnam, citing trade imbalances and currency manipulation. Vietnam’s current average MFN tariff rate is 9.4 percent, significantly higher than the U.S. average of 3.3 percent, according to a White House press release. The U.S. also criticised Vietnam for restricting imports of remanufactured goods.

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Vietnam’s imports from the Philippines up 6 percent in February

Vietnam imported US$232.45 million worth of goods from the Philippines in February 2025, a 6.01 percent increase from US$219.30 million in January, according to Vietnam’s General Department of Customs. This brought total imports from the Philippines over the first two months of the year to US$451.66 million.

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Vietnam’s imports from the UK edge down in February

Vietnam imported US$65.73 million worth of goods from the United Kingdom in February 2025, slightly down by 1.15 percent from January’s US$66.50 million, according to Vietnam’s General Department of Customs. This brought year-to-date imports from the UK to US$132.26 million.

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Vietnam’s imports from Indonesia soar 46 percent in February

Vietnam imported US$1.01 billion worth of goods from Indonesia in February 2025, a sharp increase of 46.36 percent compared to US$690.99 million in January, according to Vietnam’s General Department of Customs. This brought total imports from Indonesia for the first two months of the year to US$1.70 billion.

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