The Permanent Mission of Vietnam in Geneva has recently organised a hybrid seminar on new developments in US tariff policy.

Delegates attend the seminar on new developments in US tariff policy organised by ermanent Mission of Vietnam in Geneva.

Attending the event were Ambassador Mai Phan Dung, head of the Mission; Minister-Counselor Pham Quang Huy; and Simon Evenett, founder of the St. Gallen Endowment and Professor of Geopolitics and Strategy at the International Institute for Management Development (IMD).

In his opening remarks, Ambassador Dung stated that the global and regional geopolitical situation has recently seen complex developments, posing increasing difficulties and challenges for trade and global supply chains, particularly the reciprocal tariffs imposed by the administration of US President Donald Trump in 2025.

In addition, recent adjustments to US tariff policy, following the US Supreme Court’s ruling rejecting reciprocal tariffs such as tariffs imposed under Section 122 of the Trade Act of 1974 (relating to international payments), and two cases under Section 301 concerning overcapacity and forced labour have increased uncertainty in global trade.

For Vietnam, a highly open economy, these developments may directly affect export prospects and the predictability of the business environment, as well as policy planning by relevant state agencies, he noted.

At the seminar, Professor Simon Evenett analysed several issues, including Vietnam’s exports and US imports in 2025; transshipment concerns; forecasts of upcoming US tariff policy trends in applying protectionist measures; analysis of recent investigations under Section 122 and Section 301; and recommendations for Vietnam in responding to the two Section 301 cases.

Participants also raised questions to the speaker on other notable topics, such as the impact of Malaysia’s recent decision to cancel its bilateral trade agreement with the US and possible US reactions; the relationship between the outcomes of bilateral trade negotiations and Section 301 investigations; predictions of sectors likely to face Section 301 actions; interpretations of overcapacity; and legal standing in initiating tariff-related cases.

In his closing remarks, Ambassador Mai Phan Dung emphasised the relevance, necessity, and timeliness of the seminar in updating information about new developments in US tariff policy, analysing impacts, and proposing recommendations for timely responses amid a highly volatile global trade environment.

Budget revenue from foreign trade rises 12.3% in Jan–Feb

The customs authority said it will intensify monitoring of revenue sources, tighten control over customs valuation, origin and tax policies, and strengthen risk analysis to prevent tax evasion and revenue losses.

 

Vietnam records nearly 3 billion USD trade deficit in two months

Vietnam’s total foreign trade value reached 155.7 billion USD in the first two months of 2026, up 22.2% year-on-year, while the country recorded a trade deficit of 2.98 billion USD.

 

Trade ministry to host livestream promoting Vietnamese goods

The second edition of the hybrid venue, titled 'Suc song hang Viet' (Vitality of Vietnamese Goods), will take place from March 7 to 9 at 62 Trang Tien Street, Hoan Kiem.

 

Vietnam, EFTA step up free trade agreement negotiations

The EFTA side highly appreciated Vietnam’s efforts and its market access proposals, while reaffirming the bloc’s traditional strengths in promoting private investment and technology transfer.

 

Vietnam, US step up dialogue to facilitate trade ties

Hung spoke highly of the role of the US Department of Commerce and relevant agencies in the overall bilateral relationship and in the negotiations on a reciprocal, fair and balanced trade agreement in particular, suggesting both sides accelerate talks with a focus on core economic issues.

 

Mong Cai smart border gate to open new era for cross-border trade

The smart border gate will be based on Industry 4.0 technologies, with cross-border data connectivity serving as its core. Beyond modernising a single customs checkpoint, the project aims to create a regional-scale “digital gateway” facilitating more efficient trade flows.