April and early May have been a very busy time for AmCham and its members. We have continued our efforts to forge relationships and partnerships within both the U.S. and Vietnam governments. Our business programing and committee work have also remained robust. I am pleased to report on a few of the highlights of the past month and look ahead to some upcoming events.
As Vietnam’s cities and provinces are ramping up efforts with new action plans to realise the smart city dream, international tech giants are moving faster with new ambitious business plans. Bich Thuy reports.
The transformation of Vietnam’s healthcare sector is racing forwards after successes in the past year, but the country’s lofty goals are still some way off. Deputy Minister of Health Nguyen Viet Tien discussed with VIR’s Bich Thuy the readiness of a legal framework, and future opportunities for private businesses that may wish to forge partnerships and expand operations in the Vietnamese healthcare system.
In China, some exporters were taken by surprise by the latest List No. 4. “Frankly, I am super upset, because this will completely kill my US market,” said one, whose company exports video game console controllers, 85% of which are sourced and manufactured in mainland China. This will kill our market because our products have
Lists of products imported from China to U.S. that are subject to high tariffs. A 4th list, covering about $300 billion of U.S. imports from China was announced on May …, after China’s last-minute refusal of an agreement negotiated over several months. Below are the four lists, according to the order they were announced
The State and private sectors must comprehend the importance of the investment in science and technology and should prioritize investing in science and technology more effectively.
Escalations in its trade dispute with the U.S. not only could dent China’s economy but also negatively impact its credit standing, according to ratings agencies. China’s faces a weakening economy and a high-stakes tariff battle with the U.S.Should the impasse linger on, the damages could become greater and start having some deeper impacts.
The U.S. Trade Representative is taking the necessary steps to impose tariffs on the remaining $300 billions worth of Chinese goods coming into the U.S. The USTR plans to hold a public hearing on June 17, followed by at least a week of discussions. This gives the White House a window of time leading up
Two top Senate Democrats, including longtime free-trade foe Sherrod Brown, are crafting a labor enforcement proposal that could help ease the way for passage of President Donald Trump’s new North American trade agreement
The Trump administration has reached a deal to lift tariffs on steel and aluminum imports from Canada and Mexico, in a move that could put the three nations a step closer to ratifying the USMCA trade deal that would replace NAFTA.
“As chairman of the Finance Committee, I’m leading the Senate effort . I’ve been involved in the passage of every U.S. free-trade agreement, and it’s never easy. Reorganizing a massive economic relationship affects many constituencies, and that’s inevitably complicated.
American investors are ramping up their interest in Vietnam in order to mitigate the risks of the ongoing US-China trade dispute, as well as capitalise on one of the fastest-growing economies in the ASEAN bloc. Thanh Van and Bich Ngoc report.