VINACHEM

Sweeping tariffs across a range of goods entering the US come into effect Aug. 7, hampering global trade and upending markets for key trading partners as US President Donald Trump delivered on threats to impose higher import duties. 

Vietnam's imports of various fertilizers are expected to slow in the 3Q25, as strong arrivals in the 1H25 and slower domestic sales could weigh on import demand, according to Argus Media. 

Starting August 7, a 20% tariff combined with a series of technical barriers is putting heavy pressure on Vietnamese exports to the United States, forcing businesses to restructure production and business models to adapt. 

The Trump administration is proposing nearly $1 billion in funding to speed the development of US critical minerals and materials, used in everything from electric vehicle batteries to semiconductors, the Energy Department said on Wednesday. 

The US and China have extended their trade truce for another 90 days, just hours before the world's two biggest economies were set to raise tariffs on imports of each other's goods. 

The country's bold and effective development path has earned praise from international financial institutions, economists and diplomats amid global economic uncertainties. 

Prime Minister Pham Minh Chinh outlines decisive measures to hit Vietnam’s 2025 growth target of up to 8.5%.