Most US goods exported to Vietnam are subject to a tax of about 15%.

Deputy Minister of Finance Nguyen Duc Chi.

At the Ministry of Finance press conference on the afternoon of April 3, answering questions related to the US Government's reciprocal tax rate, Mr. Truong Ba Tuan said that according to the upcoming announcement, goods exported to the US will be subject to a tax rate of 46%. This tax rate is much higher than the current tax rate. This tax rate will negatively affect Vietnam's production, especially industries with large export turnover to the US such as: Electronic components, agriculture, textiles, footwear. The Department will conduct further research to advise the Government and competent authorities on appropriate solutions in the coming time.

Mr. Truong Ba Tuan, Deputy Director of the Department of Tax Policy, Taxes and Fees (Ministry of Finance).

Responding to this issue, Deputy Minister of Finance Nguyen Duc Chi said that Vietnam has proactively reviewed and aimed to balance the trade balance with the US. Vietnam will persistently discuss with its US trade partner, aiming to balance trade in the sense of development so that consumers of both countries can benefit. The Government will also send a Government leader and a working delegation to the US, including the content of directly resolving tax issues.

Previously, the Ministry of Finance advised the Government to issue Decree 73/CP/2025 to reduce import tax rates on 16 groups of goods. This is a great effort by Vietnam to balance trade with comprehensive strategic partners in general and the US in particular.

"We have proactively reviewed import tax rates, especially on imports from the US, to move towards trade balance. The tax rate announced by the US on the morning of April 3, 2025, Vietnam time, is the maximum rate expected to be applied. There is no information yet on each item and the roadmap for application. This weekend, the leaders of the Vietnamese Government will visit the US Government to work with the US Government. We believe that when both sides persistently seek solutions and share information with each other, they will find a suitable balance," said Deputy Minister of Finance Nguyen Duc Chi.

According to VNA

Source: https://doanhnghiepvn.vn/kinh-te/phan-lon-mat-hang-my-xuat-sang-viet-nam-chiu-thue-khoang-15/20250404081208015