Vietnam is one of 69 countries and territories whose reciprocal tax rates have been adjusted by the United States. Specifically, the reciprocal tax rate for goods originating from Vietnam will be reduced from 46% as originally announced in early April 2025 to 20%.
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| The US's reciprocal tax policy affects businesses in Dong Nai . In the photo: Label production line of an FDI enterprise in Dong Nai. Photo: Ngoc Lien |
This is the result of high-level negotiations between Party and State leaders as well as central ministries and branches over the past 4 months. During the negotiations, Vietnam and the United States focused on discussing and making progress on issues such as: Tariffs, rules of origin, customs, agriculture , non-tariff measures, digital trade, services and investment, intellectual property, sustainable development, supply chains, trade cooperation, etc.
According to information from the Ministry of Industry and Trade , in the first 5 months of 2025, two-way trade between Vietnam and the United States reached 77.4 billion USD, an increase of 36.5% over the same period in 2024, of which Vietnam exported 71.7 billion USD (up 37.3%) and imported 5.7 billion USD (up 30.7%). Vietnam's trade surplus with the United States was 64.8 billion USD (up 29% over the same period in 2024), ranking 4th among countries with large trade surpluses with the United States (after China, Mexico and Iceland).
In Dong Nai province, also in the first 5 months of 2025, the export turnover of goods from Dong Nai to the US market is estimated at nearly 3.8 billion USD, accounting for 35% of the province's total export turnover of goods.
According to the forecast in the 2025 trade and export growth scenario of the province, developed by the Dong Nai Department of Industry and Trade after the conclusion of the Vietnam - US bilateral trade negotiations in early May 2025, the US application of a 20% reciprocal tax rate will affect the competitiveness and export orders of many enterprises in Dong Nai.
Specifically: The textile and footwear industry is expected to see a 5-10% reduction in orders from the US market; the wood industry has some lines of wooden furniture products subject to higher taxes, forcing businesses to adjust prices or find alternative markets; the coffee, cashew and seafood industries are less affected, but will face strong price competition...
In response to the above impacts, the Department of Industry and Trade has proactively developed plans such as: Supporting businesses to maintain and renegotiate orders; encouraging businesses to renegotiate export prices, delivery times and transportation policies to minimize the impact of increased costs due to taxes; promoting the exploitation of alternative markets, especially markets that have signed trade agreements with Vietnam (FTA) such as: EU, Korea, Japan... to reduce dependence on the US market.
Ngoc Lien
Source: https://baodongnai.com.vn/tin-moi/202508/tinh-dong-nai-chu-dong-ung-pho-chinh-sach-ap-thue-doi-ung-20-tu-hoa-ky-7e804da/
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