Lates News

UBS economist William Deng said in a research report that the 20% tariff imposed by the United States on Vietnamese goods is at the lower end of expectations. Vietnam's decision to allow US goods to enter the country duty-free is "largely expected" because greater access for American products in areas like technology and energy should benefit Vietnam's economic growth. The details of this trade agreement are crucial in determining the economic impact on Vietnam, especially regarding the impact on transshipped goods, which will face a 40% tariff. A key observation going forward will be whether there are further details on opening up financial markets to US and international capital.