As of August 7, 2025, the US has officially imposed a 20% reciprocal tariff on many Vietnamese exports. It seems to have come as a shock, however, for entrepreneurs and experts, it is a turning point that could help Vietnamese enterprises strengthen their resilience, restructure their value chains, and gradually assert their position in the global marketplace.

Prime Minister Pham Minh Chinh chaired a meeting in Ha Noi on 28 June to continue reviewing and resolving US concerns regarding trade and tariffs.