Hanoi, April 3 -- In the wake of the US' fresh announcement of a 46% tariff on Vietnamese exports, Director of the Ministry of Industry and Trade (MoIT)'s Department of Foreign Market Development Ta Hoang Linh remains optimistic about the potential for negotiations to achieve a mutually beneficial outcome. Speaking to the press in Hanoi on April 3, Linh expressed the MoIT's regret over the US tariff decision, effective from April 9. Highlighting the complementarity of the two economies, including their export and foreign trade structures, he noted that Vietnam's exports to the US primarily compete with third-country goods, not US products, while providing US consumers with affordable, quality options. The most-favoured-nation (MFN) tariff...
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