New US policy and its trade and investment impacts

On January 8, the Ho Chi Minh City Trade Promotion Center - US-Vietnam Business Council - Vietnam Innovation Institute organized a workshop on New US Policy and its impacts on trade and investment. The workshop attracted the direct and online participation of many domestic enterprises, manufacturers and exporters. BAC A BANK continues to win the Vietnam Golden Star Award in 2024, affirming the reputation of an enterprise with more than 30 years of development with a stable growth rate, along with positive contributions to the community and society. On the morning of January 8, at the Government Headquarters, General Secretary To Lam attended and directed the National Online Conference summarizing the work in 2024, deploying the tasks in 2025 of the Government and local authorities organized by the Government. Like a gift of life, the relief-like paintings are hand-carved on coconut fiber paper, through thousands of pressures of fire, water, and sun with the talent of the artisans, they have transformed into unique and strange works of art. Carrying out a peak period of attacking and suppressing crime to ensure security and order before, during and after the Lunar New Year of At Ty year 2025, the entire Quang Ninh province has been mobilizing maximum forces, simultaneously launching campaigns to suppress all types of crimes. In particular, focusing on drastic implementation of preventive solutions, fighting against violations of the law on firecrackers during Tet. Phuoc Chien is a safe zone commune (ATK) in Thuan Bac district, Ninh Thuan province. Over the past years, local Party committees and authorities have mobilized many support resources, especially from the National Target Programs to build new rural areas and improve the lives of ethnic minorities. The Ministry of Health requires early detection of epidemics at border gates, ensuring medical examination and treatment, strengthening food safety inspections, preventing drug shortages, and pushing up drug prices... on the occasion of Tet At Ty 2025. Krong Ana District Police, Dak Lak Province informed that in a short time, the unit discovered and prevented many groups of students from illegally making firecrackers, confiscating 8,285 kg of chemicals and many items to make firecrackers. General news of the Ethnic and Development Newspaper. This afternoon's news on January 8, 2025, has the following notable information: Promoting the beauty of Tet tree planting. "Swallow village" on the plateau. Unique Cap sac ceremony of the Dao people wearing short pants. Along with other news in ethnic minority and mountainous areas. Information from the Organizing Committee of Lang Chanh District Party Committee, Thanh Hoa province said: Up to this point, Lang Chanh district has had 1 Standing Committee of the District Party Committee, 3 District Party Committee members and many other officials voluntarily apply for early retirement, to implement the Party's ongoing streamlining of the apparatus. Regarding the serious labor accident that killed 5 people at Dak Mi 1 Hydropower Plant, Dak Choong Commune, Dak Glei District (Kon Tum), on January 6, the Ministry of Construction issued Document No. 77/BXD-GD to the Kon Tum Provincial People's Committee regarding the appraisal of the cause of the construction incident. Adding magnesium-rich foods to the diet in winter helps prevent and combat conditions related to cold weather... On January 8, the Ho Chi Minh City Trade Promotion Center - US-Vietnam Business Council - Vietnam Initiative Institute organized a workshop on New US Policy and its trade and investment impacts. The workshop attracted the direct and online participation of many domestic enterprises, manufacturers and exporters. On January 8, Lieutenant Colonel Pham Thanh Trun - Head of the My Quy Tay Border Guard Station, Long An Border Guard (BĐBP), said: Implementing the peak plan to fight against crime, drugs, smuggling, trade fraud and counterfeit goods, ensuring security and order in the border area before, during and after the Lunar New Year 2025, the unit has coordinated with functional forces to detect and arrest a subject illegally transporting drugs from Cambodia across the border into Vietnam.

Workshop on New US Policy, Trade and Investment Impacts

The US is a large market, and it is predicted that when the new government of President-elect Donald Trump takes office, many policies on trade and investment will change. The presentations and opinions of domestic and foreign economic experts presented at the conference showed that Vietnam is ranked 3rd after China and Mexico, but the export turnover of Vietnamese goods to the US market has increased continuously every year.

This shows the advantage of stability along with effective policies that the Vietnamese Government is applying. Another important sign of Vietnam's important role in the global value chain is that before being elected President, the Group owned by Donald Trump invested over 1.5 billion USD in high-end hotel and golf course projects in Vietnam.

Besides the advantages, experts also predict that "The basic economic policy of the US remains unchanged (quality standards of goods, taxes). Depending on the management style of each President, the policy will be loosened or tightened."

Going deeper and clarifying the forecasts, expert Huynh The Du - Indiana University (USA) said: The US government has seen the downside of the policy of outsourcing production, which has caused an imbalance in social security, and the unemployment rate in the US has increased. Meanwhile, Americans always have the mentality of "easy work, high salary". The slogan "America First" of President-elect Donald Trump opens up opportunities for Vietnam, businesses that have a firm grasp of the law, are transparent about the origin of goods, documents, and know how to establish buying and selling relationships, exchange and cooperate with US businesses, in line with the goal of "sharing benefits" of the new administration.

Ms. Cao Thi Phi Van, Deputy Director of Ho Chi Minh City Trade Promotion Center, spoke at the workshop.

As a country with strengths in agriculture, Vietnam's agricultural and aquatic products, wooden products, leather and garments are popular and have the potential to develop strongly in the US market. However, for many reasons, our manufacturers and exporters do not have enough documents to prove their origin, and are suspected of transiting goods from other countries, swapping their origins, causing great disadvantages in international trade and business.

In order to avoid being affected by changes or lack of legal knowledge, Vietnamese manufacturers and exporters when choosing to sell goods to the US market need to consult trade promotion agencies, diplomatic missions, industry associations, etc.

Ms. Cao Thi Phi Van - Deputy Director of the Ho Chi Minh City Trade Promotion Center, highly appreciated the significance and forecasts presented by experts and speakers at the Workshop, helping the business community in general, including manufacturers and direct exporters to the US market, to prepare early to promote advantages and avoid risks and legal issues.

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Source: https://baodantoc.vn/chinh-sach-moi-cua-my-va-nhung-tac-dong-thuong-mai-dau-tu-1736324747030.htm