What goods does Vietnam open to the US?
With successful reciprocal tax negotiations, Vietnamese goods are facing a golden opportunity to penetrate deeper into the world's largest market.
Breakthrough in tax policy: Major barrier removed
For many years, Vietnamese enterprises have faced great challenges from US trade defense measures. Anti-dumping and countervailing duties applied to Vietnamese goods are often 10-20% higher than those of countries recognized as market economies. This has created a significant barrier to increasing market share in the US market.
However, President Donald Trump’s commitment to significantly reduce reciprocal tariffs has opened a new chapter. According to published information, the US will apply a 20% tariff on goods from Vietnam, significantly lower than the current tariff rate in trade defense lawsuits. This is a positive signal for Vietnam’s export turnover in the coming time.
Vietnam opens market to the US: Which products are prioritized?
According to the announcement, the US goods that Vietnam has opened its doors to include large-displacement motorcycles, one of the products that has been subject to many technical barriers and tariffs in the past. The removal of barriers for this item is considered a concession in exchange for incentives from the US.
In return, Vietnamese goods will have more favorable access to the US market, especially product groups with high added value such as agricultural products, consumer electronics, and precision mechanical products.
These are industries with strong development potential, and are also consistent with Vietnam's orientation of building a sustainable and in-depth economy.
Previously, many of Vietnam's key export items such as textiles, machinery and equipment, phones and components, wooden furniture, seafood... were still mainly processed, dependent on imported materials and easily affected by US trade defense measures.
With the commitment to open bilateral markets, these products have the opportunity to increase localization, improve standards and penetrate deeper into the global supply chain.
High-tech cooperation: Opportunity to participate in global supply chain
Promoting cooperation in the fields of high-tech science, digital transformation and clean energy will help Vietnam participate more deeply in the global technology supply chain. These high-level commitments are expected to attract US capital flows into high-tech industries, digital infrastructure, AI and green manufacturing.
This is an opportunity for Vietnam to not only be a processing place but also become a high value-added manufacturing center in the region. Being recognized as a market economy will create a new wave of investment in environmentally friendly manufacturing sectors, in line with the orientation of sustainable development.
New challenges and requirements for Vietnamese enterprises
Despite the huge opportunities, Vietnamese businesses need to be well prepared to make the most of the new incentives. US trade policy is still based on the principle of "reciprocity", requiring Vietnam to improve its legal environment, ensure transparency and protect intellectual property rights.
Businesses need to restructure their supply chains, upgrade product standards and increase compliance with origin regulations. The new game requires modern management capabilities and an export policy orientation based on value rather than focusing on quantity.
In the post-globalization context, Vietnam is proactively creating peace, cooperation and development based on dialogue and trust. This not only benefits the two countries but also contributes to the stability and common prosperity of the region.
