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US imposes 20% tax
News update related to US imposing 20% tax
US imposes 20% tax, Nghe An businesses respond flexibly
On August 1, the White House published President Donald Trump's Executive Order adjusting the reciprocal tax rates for 69 countries and territories. The reciprocal tax rate for Vietnam has been reduced from 46% to 20%. Thus, from August 7, 2025, goods exported from Vietnam to the US market will be subject to a tax rate of 20%. Nghe An businesses have been and are having many flexible response solutions.
Television
Nghe An businesses 'turn pressure into motivation' as US imposes 20% tax
The US imposing a 20% tax on a series of products originating from Vietnam instead of the initially planned 46% has helped businesses "breathe easier". And to develop sustainably, the Nghe An business community is adjusting production and export strategies to cope with the new situation.
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