What Vietnam is considering to avoid US tariffs

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HANOI: US President Donald Trump has announced plans for prices that can put exports of all Vietnam’s goods into its highest market, which is more than $ 142 billion last year, according to UN data, 30 % of Vietnam’s total domestic products.

Vietnam, in his first term, took advantage of Trump’s start against China, but Vietnamese officials and foreign companies are uncertain about the results of the White House’s growing protection stance. Vietnam has the largest surplus with the United States and meets numerous standards of mutual rates.

The following are some steps in which Vietnamese officials have flagged, considering, or can help us avoid revenue.

Duties, obstacles to non -trade

Vietnam’s average Levies are more than US duties, and Southeast Asian country also receives value added tax on goods. However, some economists have calculated that effective bilateral tariff rates are low in Vietnam.

It is unclear what rate the Trump administration is considering setting possible mutual rates, but so far the average duties have been used by US officials as benchmarks.

Vietnam has indicated openness to find a compromise, but reducing duties on US goods can force the country to reduce other business partners. In its latest report in 2024, the United States Trade Representative’s office developed a long list of obstacles to non -trade through Vietnam, including import restrictions, complex requirements of registration, and technical and sanitary barriers.

Energy Imports

Officials have said that Vietnamese officials have repeatedly discussed US counterparts with Vietnam’s newborn LNG industry on the purchase of US liquid natural gas, but no concrete action has been taken so far.

The country is also planning to re -launch its nuclear power program and is looking for suppliers of nuclear energy technology.

Farmers’ goods

The Vietnam Minister of Commerce has said it is open to import more US farm products. Imports of agriculture are unlikely to significantly correct the trade imbalance as Vietnam’s imports of farm products from the United States last year were $ 3.4 billion.

Transplant, steel

Given large quantities of intermediate equipment from China, Vietnam has long been suspected of being a transplant center for Chinese goods. Some products like the solar panel have already been approved.

Last week, Vietnam has decided to impose temporary duties of anti -dumping on Chinese steel products, as it faces 25 % of revenue risks on steel exports, which Washington already imposes on Vietnamese Steel on Washington.

Defense, Star Link

According to information officials with information about the matter, Hanui is talking with US defense firms for the possible purchase of security equipment, according to information officials about the matter, with Lockheed Martin C -130 Herculus Hercules on a high -level discussion with military transport aircraft.

In February, the Vietnamese parliament approved a legal framework for the pilot scheme, which could allow Elon Musk’s star link to provide satellite internet and security services in Vietnam. Prime Minister Fam Minh Chen said on Saturday that the government was working to immediately issue a license to the star link.

Aircraft

The Vietnamese budget carrier Viet Jet agreed to buy 200 Boeing 737 Max Jets in a multi -billion dollar deal, which was previously signed in 2016 and was subsequently revised.

No aircraft has been supplied, though the company said it was expected to receive the first jet last year. It has also expressed interest in expanding the agreement without any detail.

Flag carrier Vietnam Airlines also has a contract to buy 50 Boeing 737 Max Jets.

Exile

A US lawyer said that Vietnam is issuing travel documents for Vietnamese citizens for their return.

Monetary policy

Trump ended his first term in the White House as a currency manipulation with the Vietnam Treasury Declaration.

The country is now on the American Watch List for possible manipulation. In recent months, the central bank has allowed Vietnamese Dong to weaken against the dollar, and the country’s bold growth goals may indicate the intention of tolerating weak currency, said Oxford Economics.

However, the exchange rate is in the flexibility and the central bank has said it will monitor and adjust Trump’s policies.

Golf Diplomacy

Its local partner said in October that the Trump organization agreed to develop a $ 1.5 billion golf course in Vietnam.