“Everyone was anticipating issues however frankly we have been stunned by the so-called reciprocal tariffs as it’s a very odd measure,” mentioned an funding adviser with an extended expertise in Vietnam. He declined to be named to talk extra freely.
A number of analysts have mentioned Vietnam might grow to be a goal of latest duties as a consequence of its large commerce surplus with the US, the fourth largest amongst US companions, and could also be hit onerous by tariffs on semiconductors because it is among the prime chip exporters to the US.
Buyers in Vietnamese shares accelerated gross sales in latest weeks.
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The survey, carried out by the AmCham part in Vietnam’s enterprise hubs of Ho Chi Minh Metropolis and Danang, discovered that 81 per cent of respondents expressed concern about potential tariffs, with the share rising to 92 per cent amongst producers.
“Many companies worry that elevated prices as a consequence of tariffs may disrupt provide chains and drive them to rethink their operations,” AmCham mentioned in a press launch, noting 94 per cent of producers anticipated a destructive impression.
AmCham mentioned 41 per cent of respondents had been contemplating diversifying their enterprise away from the US market, which is an important for Vietnam in the meanwhile.
“This shift may see firms redirecting exports to different markets or adjusting provide chains to cut back their reliance on the US,” AmCham mentioned.
Corporations in different international locations are additionally expressing concern in regards to the impression of US tariffs. Virtually 9 out of 10 Japanese companies count on Trump’s insurance policies to negatively have an effect on enterprise, a Reuters survey confirmed on Thursday.
