Tax suspension for 90 days, Ha Tinh businesses still proactively respond

On April 9, US President Donald Trump unexpectedly announced a 90-day postponement of the plan to impose reciprocal tariffs on goods from countries and territories, including Vietnam. Previously, according to the plan, the reciprocal tariff on Vietnamese goods was expected to be up to 46%. Despite the "extension" of the tax imposition period, many export enterprises in Ha Tinh still proactively implemented solutions to respond early and minimize negative impacts later.

Workers of Ha Tinh Garment Factory 10 urgently complete export orders to the US market.

Ha Tinh Garment Factory 10 - a member of Vietnam Garment Corporation 10, located in Vung Ang Economic Zone, Ky Anh town - is one of the units that will be clearly affected if the tax is applied. In the first quarter of 2025, the Factory exported 122,000 products to the US market, accounting for 40% of export output. Facing the risk of the tax rate increasing from 18.8% to 46%, the unit has proactively sought orders in other markets such as the EU and Japan to reduce dependence on the US market.

Not only the garment industry, many other export enterprises in the area are also indirectly affected by the new US trade policy. Sao Mai Joint Stock Company (Bac Cam Xuyen Industrial Park), specializing in manufacturing packaging for export to Southeast Asian countries and South Korea, although not exporting directly to the US, is concerned that fluctuations in the dollar exchange rate after the tax increase may affect costs and order plans.

Vung Ang Economic Zone - where many key export enterprises of Ha Tinh are concentrated such as textiles, steel billets

According to statistics from the Ha Tinh Department of Industry and Trade, in the first 3 months of 2025, the province's total export turnover reached 376 million USD, equal to 15% of the annual plan. Exports to the US market alone reached 80 million USD, with key products such as steel billets and textiles. The US's 90-day tax suspension is an opportunity for businesses to "buy some breathing space", but also poses an urgent need for a long-term strategy to adapt in the context of increasingly fierce trade competition.

Currently, Ha Tinh businesses are continuing to improve product quality, improve production processes, reduce costs and expand export markets. The Department of Industry and Trade is also coordinating with businesses to review products at risk of being taxed, to have appropriate response scenarios if the new US tax policy officially takes effect after a delay.

According to Bach Hop - Truong Bien - Manh Hai/HTTV

Source: https://hatinhtv.vn/tin-bai/kinh-te/tam-hoan-ap-thue-90-ngay-doanh-nghiep-ha-tinh-van-chu-dong-ung-pho