Vietnam to introduce measures to cope with US tariffs: trade official | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
July 10, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JULY 10, 2025
Vietnam to introduce measures to cope with US tariffs: trade official

Asia

Reuters
09 July, 2025, 01:05 pm
Last modified: 09 July, 2025, 05:00 pm

Related News

  • Asian shares up on Nvidia high, investors unfazed by Trump's tariff moves
  • After US tariffs, jobs hang by a thread in Bangladesh's garments sector
  • World's top copper producer Chile in wait-and-see mode after Trump tariff bombshell
  • China's factory-gate deflation worst in two years as trade war bites
  • US could collect $300 billion in tariff revenue this year: US Treasury chief

Vietnam to introduce measures to cope with US tariffs: trade official

The Ministry of Industry and Trade is coordinating with firms to work on the measures, Phan Thi Thang told an investment conference in Hanoi

Reuters
09 July, 2025, 01:05 pm
Last modified: 09 July, 2025, 05:00 pm
A container ship is seen near the Hai Phong International Container Terminal, after US President Donald Trump announced a 90-day pause on tariffs for many countries, in Hai Phong, Vietnam, April 16, 2025. Photo: REUTERS/Athit Perawongmetha/File Photo
A container ship is seen near the Hai Phong International Container Terminal, after US President Donald Trump announced a 90-day pause on tariffs for many countries, in Hai Phong, Vietnam, April 16, 2025. Photo: REUTERS/Athit Perawongmetha/File Photo

Vietnam will devise measures to improve product quality to cope with potential risks from US tariffs, as it seeks to expand exports to other markets and reduce its reliance on the United States, the country's deputy trade minister said on Wednesday.

The Ministry of Industry and Trade is coordinating with firms to work on the measures, Phan Thi Thang told an investment conference in Hanoi.

The Southeast Asian country reached an agreement with the Trump administration that saw a 20% tariff slapped on its products and a 40% levy on transhipments through Vietnam from third countries.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Thang said the tariffs offer a chance for Vietnam to improve its product quality and diversify its export markets, with a focus on markets it has free trade agreements with.

"With 16 free trade agreements, Vietnam is expanding its export markets to reduce its reliance on the United States market," she said.

Vietnam's gross domestic product grew 7.96% in the second quarter, up from 6.93% in the first quarter, but it remains short of the country's full-year growth target of at least 8%.

Prime Minister Pham Minh Chinh said at a separate meeting on Wednesday that reaching that target is a "big challenge."

Top News / World+Biz / Global Economy

Vietnam / Trump Tariffs / Trump Trade War

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: Mohammad Minhaj Uddin/TBS
    SSC, equivalent results: Pass rate drops to 68.45%, GPA-5 also declines
  • In terms of stream of education, girls maintained their excellence as well. Photo: TBS
    SSC 2025: Girls dominate boys by over 5%
  • BBC reported that the phone call took place on 18 July last year while Hasina was at Ganabhaban in Dhaka. Photo: TBS
    How BBC verified Hasina’s leaked audio ordering deadly crackdown during July Uprising

MOST VIEWED

  • Graphics: TBS
    BB raises startup fund limit, drops upper age barrier
  • Workers pack undergarments at the packing section of a garment factory in Ashulia, on the outskirts of Dhaka, Bangladesh, April 19, 2025. Photo: REUTERS/Fatima Tuj Johora
    After US tariffs, jobs hang by a thread in Bangladesh's garments sector
  • Global Islami Bank rectifies 2023 figures, reports Tk2,259cr loss instead of Tk128cr profit
    Global Islami Bank rectifies 2023 figures, reports Tk2,259cr loss instead of Tk128cr profit
  • Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch
    Audit reports of most banks contain cooked up data: BB governor
  • File photo of containers at Chattogram port/TBS
    US buyers push Bangladeshi exporters to share extra tariff costs
  • CA orders law enforcers to complete all election preparations by December
    CA orders law enforcers to complete all election preparations by December

Related News

  • Asian shares up on Nvidia high, investors unfazed by Trump's tariff moves
  • After US tariffs, jobs hang by a thread in Bangladesh's garments sector
  • World's top copper producer Chile in wait-and-see mode after Trump tariff bombshell
  • China's factory-gate deflation worst in two years as trade war bites
  • US could collect $300 billion in tariff revenue this year: US Treasury chief

Features

Women are forced to fish in saline waters every day, risking their health to provide for their families. Photo: TBS

How Mongla’s women are bearing the brunt of rising salinity

19h | Panorama
Dr Mostafa Abid Khan. Sketch: TBS

Actual impact will depend on how US retailers respond: Mostafa Abid Khan

2d | Economy
Thousands gather to form Bangla Blockade in mass show of support. Photo: TBS

Rebranding rebellion: Why ‘Bangla Blockade’ struck a chord

2d | Panorama
The Mitsubishi Xpander is built with families in mind, ready to handle the daily carpool, grocery runs, weekend getaways, and everything in between. PHOTO: Akif Hamid

Now made-in-Bangladesh: 2025 Mitsubishi Xpander

3d | Wheels

More Videos from TBS

How S Alam’s Global Islami Bank cooked Tk2,259cr loss into Tk128cr profit

How S Alam’s Global Islami Bank cooked Tk2,259cr loss into Tk128cr profit

1h | TBS Insight
Trump has been nominated for the Nobel Peace Prize before

Trump has been nominated for the Nobel Peace Prize before

1h | TBS World
Trump threatens to impose 50 percent tariffs on Brazil

Trump threatens to impose 50 percent tariffs on Brazil

4h | TBS World
Can India stop water flow to Pakistan?

Can India stop water flow to Pakistan?

5h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net