Vietnam Girds for 20% Trump Tariff as Investors Back Deal (1)

Vietnam aims to sign more free trade agreements, improve supply chains, and diversify its export markets as it grapples with global uncertainty posed by the US tariff offensive.

“The global economy is being impacted by geopolitical competition, climate change, digital transformation, and especially tariff policies from major markets such as the United States,” deputy trade minister Phan Thi Thang said at an investment summit in Hanoi Wednesday. “However, Vietnam still has many opportunities to break through.”

Vietnam, an export powerhouse that last year had the world’s third-biggest trade surplus with the US, is trying to navigate Washington’s demands while keeping ...