Vietnam was one of only two countries that Trump said has clinched a deal with the US by a July 9 deadline to avoid his so-called reciprocal tariffs. This week, many of its neighbours received letters from the White House threatening, in some cases, higher levies.

Britain said it would strike an agreement with Vietnam to make it easier for pharmaceutical firms to sell UK-made medicines in the Southeast Asian nation, under a new trade strategy that emphasises quick,

President Donald Trump has officially announced a new trade agreement with Vietnam. The agreement introduced a 20% tariff on imports from Vietnam and imposes a 40% tax on goods involved in transshipping.