In the midst of the United States’ tariff “storm”, Vietnamese steel has been excluded because it has been already subjected to a 25% tariff since 2018. Nevertheless, over-optimism is ill-advised, as other countries facing barriers to the US market may redirect their low-priced steel to Asia and Vietnam, creating significant pressure on domestic steel.

Vietnam has affirmed its position as the world's leading exporter of raw coffee beans. However, to improve its position, increase revenue and diversify markets, the Vietnamese coffee industry needs to develop a broader range of new products. Positive signs have emerged in the field of finished coffee and instant coffee.

In recent years, the number of Vietnamese enterprises engaging in online exports has climbed sharply, mirroring the country’s fast-paced digital transformation.

Vietnam’s forestry industry is setting its sights on reaching an ambitious export target of USD 18 billion in 2025.

The US decision to temporarily suspend the 46% tariff on Vietnamese imports for 90 days has received positive reactions from the business community and economic experts. However, some analysts remain concerned about whether Vietnam can fully capitalize on the opportunity.

Being cautious and proactive at this time will help Việt Nam protect its exports to the EU and preserve the international reputation of Vietnamese goods amid an increasingly volatile global trade landscape.

As China halts timber imports from the US, Việt Nam eyes an opportunity to boost its own timber intake for processing and re-export — reinforcing its position as a key player in the global wood furniture market.

Exports were valued at 102.8 billion USD in Q1, while imports increased 17% to 99.68 billion USD, signalling rising demand for production inputs.