“All people was anticipating issues however frankly we have been stunned by the so-called reciprocal tariffs as it’s a very odd measure,” stated an funding adviser with a protracted expertise in Vietnam. He declined to be named to talk extra freely.
A number of analysts have stated Vietnam might develop into a goal of latest duties attributable to its large commerce surplus with the US, the fourth largest amongst US companions, and could also be hit laborious by tariffs on semiconductors because it is without doubt one of the prime chip exporters to the US.
Buyers in Vietnamese shares accelerated gross sales in current weeks.
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The survey, carried out by the AmCham part in Vietnam’s enterprise hubs of Ho Chi Minh Metropolis and Danang, discovered that 81 per cent of respondents expressed concern about potential tariffs, with the share rising to 92 per cent amongst producers.
“Many companies concern that elevated prices attributable to tariffs may disrupt provide chains and drive them to rethink their operations,” AmCham stated in a press launch, noting 94 per cent of producers anticipated a damaging impression.
AmCham stated 41 per cent of respondents had been contemplating diversifying their enterprise away from the US market, which is a very powerful for Vietnam in the mean time.
“This shift may see firms redirecting exports to different markets or adjusting provide chains to cut back their reliance on the US,” AmCham stated.
Corporations in different nations are additionally expressing concern concerning the impression of US tariffs. Nearly 9 out of 10 Japanese companies anticipate Trump’s insurance policies to negatively have an effect on enterprise, a Reuters survey confirmed on Thursday.
