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Vietnam shrugs off Trump tariffs as US exports surge
Vietnam's trade surplus with the US rose to $134 billion as exports grew 28% last year, driven by electronics, footwear, textiles, and agriculture despite 20% tariffs.
- Official figures released this week show Vietnam's exports to the United States rose 28 percent last year and the trade surplus reached $40 billion, according to HSBC's Yun Liu.
- Following investment shifts from China after the 2018 trade war, analysts say Vietnam's export rise partly reflects increased final-stage assembly and re-exports, Linh Nguyen said.
- Electronics producers dominated by Samsung and Apple saw US shipments surge, while a furniture factory outside Ho Chi Minh City filled high-end orders for the US, Europe and the Middle East.
- Some smaller producers announced layoffs or scaled back operations and Thanh Cong Group reported shipments dipped last year, while firms reporting US orders remained steady in 2025.
- Policywise, HSBC's Liu expects AI-driven electronics demand to sustain Vietnam's exports this year, while the US administration warns of a 40 percent levy on alleged transshipment amid ongoing US-Vietnam trade negotiations.
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Coverage Details
Total News Sources25
Leaning Left3Leaning Right3Center8Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 22%
C 57%
R 21%
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