On September 9, the Ministry of Industry and Trade held a trade promotion conference with the Vietnamese trade offices abroad to discuss solutions to promote import and export activities.
Mr. Do Ngoc Hung, Director of the Vietnamese Trade Office in the US |
According to Mr. Do Ngoc Hung, Director of the Vietnamese Trade Office in the US, with the recent changes in US tariff policies, businesses have been rushing to take advantage of the opportunities to boost exports and stock up on goods.
As a result, export growth has been exceptionally high in the past period. However, many reports predict that after the November and December holidays, the purchasing pace of US distributors will slow down.
The Director of the Vietnamese Trade Office in the US pointed out several challenges related to tariffs and countervailing duties.
Currently, the countervailing duty rate applied by the US on Vietnamese goods is 20%, and the transhipment tax rate is 40%. However, Mr. Hung informed that the US is still considering and has not yet provided a clear definition or guidelines on determining transhipment goods and the rules of origin.
In addition, Vietnamese goods also face challenges due to trade remedy investigations on anti-dumping and countervailing measures. As of September 2025, the US has investigated 77 cases. In the first seven months of 2025 alone, there were seven investigations, averaging one per month.
Moreover, the Department of Commerce has also initiated investigations under Section 232 for a range of products, including trucks, minerals, and civilian aircraft.
Risks of export bans and restrictions on some Vietnamese seafood products
Technical barriers have also been erected in the US market. Recently, the National Oceanic and Atmospheric Administration (NOAA) implemented the Marine Mammal Protection Act of 2025, which does not recognize the equivalence of Vietnam’s marine mammal conservation measures in 12 fisheries and seafood exploitation sectors. As a result, seafood products from these sectors are at risk of being banned from export to the US or facing export restrictions from January 1, 2026.
Given this situation, the Director of the Vietnamese Trade Office in the US recommended that the Ministry of Agriculture and Environment promptly engage in discussions with the US regarding NOAA’s conclusions to clarify their impact on Vietnam’s seafood exports and develop responsive measures.
Vietnam should continue to promote exchanges and negotiations to reach an agreement with the US, creating a stable environment and improving market predictability, thereby contributing to sustaining Vietnam’s export growth in the last months of the year.
Additionally, it is crucial to enhance communication about the agreement to ensure that businesses understand and comply with the regulations.
On a positive note, Mr. Hung shared that through interactions with US senators, representatives, industry associations, and agencies, Vietnam is highly regarded as a friendly and complementary economy to the US.
Le Thuy
– 14:11 09/09/2025
The US Just Spent Over $5 Billion on a Strategic Product from Vietnam: A Global Export Powerhouse.
The golden opportunity has struck a chord with Vietnam, raking in a staggering $14 billion since the start of the year.
The Unloved Export Stock: FPTS Divests from May Song Hong
FPT Securities (FPTS, HOSE: FTS) seeks to further divest its stake in May Song Hong (HOSE: MSH) amidst a cautious market sentiment towards stocks of exporting businesses.
“What’s Next for the Stock Market in August After Hitting a New Peak?”
The Vietnamese stock market, after a robust rally and hitting new highs in late July, is expected to remain promising in August, according to experts. However, investors should brace for more frequent bouts of volatility and turbulence.
The Economy Lights Up in Vibrant Shades of Optimism
According to the Ministry of Planning and Investment, Vietnam’s GDP growth in 2024 is estimated to surpass 7%, outperforming the set target range of 6%-6.5%.
The Global Ambition of RYG: A Promising Newcomer on the HOSE Floor
With a robust foundation, experienced leadership, and strategic vision, RYG is poised to soar and cement its position in the tile industry, both in Vietnam and on the global stage.
