Vietnam is different from the rest of Asia in that it does not depend on the U.S. for security and China for trade. In fact, the opposite is true.

Vietnam on Thursday hailed as a breakthrough a long-awaited trade deal with the United States and said its negotiators were coordinating with U.S. counterparts to formalise terms with Washington, Details on the deal announced by U.

An initial trade deal with Vietnam offers a glimpse of how President Trump is pushing countries to cut back on trade with China.

The 90-day reprieve Trump granted to most nations including Vietnam provides room for potential trade deals, and the negotiations are already getting under way.

Amid ongoing global uncertainties and economic slowdown, Vietnam recorded GDP growth of 7.52% in the first half of 2025, the highest six-month rate in the 2011-2025 period.

The president said he had agreed to initial trade terms with Vietnam, the second country to strike a limited deal after Mr. Trump threatened steep tariffs.

President Donald Trump announced a trade deal with Vietnam Wednesday that would allow U.S. goods to enter the country duty-free. Vietnamese exports to the United States, by contrast, would face a 20% levy. On his Truth Social platform, Trump declared the pact “a Great Deal of Cooperation between ...

The president said the levy will apply to "any country aligning themselves with the Anti-American policies of Brics".