Mr. Nguyen The Minh, Director of Analysis of the Individual Client Division, Yuanta Securities Vietnam Company, said that, in general, there are still no specific application levels and detailed regulations for each taxable industry. However, President Trump's message this time is to significantly reduce tariffs on Vietnamese goods, showing a positive signal in the negotiations. The US wants Vietnamese goods to reduce their dependence on Chinese goods and control the origin of goods from China.
US significantly reduces tariffs on Vietnamese goods
PHOTO: DAO NGOC THACH
The reduction of the US reciprocal tariff on Vietnam from 46% to 20% under the new agreement is clearly a significant step, helping Vietnamese exporters avoid a greater financial burden. This could protect industries such as textiles, electronics, and footwear - which are heavily dependent on the US market - from serious losses. In the international market, Nike and other footwear stocks, Apple of the US have increased positively after this information, showing that investors are more optimistic about the results of the above preliminary negotiations.
In addition to detailing the goods that will have specific tax rates, another issue that needs to be considered is the tariff rates that the US applies to other countries in order to assess the impact of foreign direct investment (FDI).
"The performance of US stocks is also showing positive signs from this round of negotiations. At the same time, similar to other events, the impact of tariffs will gradually decrease because the impact level is still waiting for time and adaptation when there is a specific tax level, so investors should not sell off and the adjustment period can be seen as a buying opportunity. In addition, from a cautious perspective, investors should still limit stocks that are directly affected by tariffs such as exports (textiles, seafood, wood products, etc.) and FDI (industrial park real estate)," said Mr. Nguyen The Minh.
US stock indexes rose sharply after US President Donald Trump announced the US-Vietnam trade agreement. At the end of the trading session on July 2, the S&P 500 index increased by 0.47% to 6,227.42 points. This index reached a new all-time high during the session and recorded a record high closing level. The Nasdaq Composite index increased by 0.94% to 20,393.13 points, a new record high closing level.
Source: https://thanhnien.vn/co-phieu-viet-se-tich-cuc-truoc-thong-tin-thue-quan-tu-tong-thong-my-185250703092850477.htm
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