As one of the important factors determining quality, price and competitiveness, raw material sources are becoming the biggest bottleneck hindering the growth of the handicraft industry.

US President Donald Trump has just signed an executive order adjusting reciprocal tariffs on 69 countries and territories, with Viet Nam’s tariff set at 20%, effective from August 7, 2025.

Vietnam is facing an important turning point as the world enters the stage of restructuring the global supply chain. 

The pause could disrupt signed contracts, increase inventories and create pressure on exporters' liquidity as well as directly impact farmers’ incomes, as the Philippines accounts for 40-45 per cent of Việt Nam’s annual rice export value.

India, the world's second-biggest producer of crude steel, has imposed anti-dumping duty on some steel shipments from Vietnam, the Ministry of Commerce and Industry said.

Vietnamese Prime Minister Pham Minh Chinh has ordered the Ministry of Industry and Trade to continue tariff negotiations with the United States.

Starting August 7, a 20% tariff combined with a series of technical barriers is putting heavy pressure on Vietnamese exports to the United States, forcing businesses to restructure production and business models to adapt.

Vietnam’s garment industry faces U.S. tariff hike, turning challenges into opportunities.