
Trade officials announce plans to mitigate impact of higher duties
Vietnam's government has confirmed it will roll out measures to address newly announced US tariffs that threaten key export sectors.
Trade officials say the strategy will focus on diversifying markets, upgrading product quality, and strengthening domestic production to ensure resilience against the 50% tariff rates due to take effect on certain goods starting August 1.
Trade officials say the strategy will focus on diversifying markets, upgrading product quality, and strengthening domestic production to ensure resilience against the 50% tariff rates due to take effect on certain goods starting August 1.