Story perspectives

U.S. Firms in Vietnam Fear Tariffs, Yet Remain Optimistic

2/21/2025

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Summary

Story summary

U.S. companies in Vietnam are anxious about potential tariffs from President Trump, with 81% concerned about business impacts.
Nearly 50% of firms expect layoffs if tariffs are enacted, especially in manufacturing, where 92% express concern.
Despite these worries, 94% of businesses maintain a positive outlook on Vietnam for operations due to its infrastructure and skilled workforce.
Trade between the U.S. and Vietnam hit $149.6 billion in 2024, underscoring the need for strong relations.

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Story summary

U.S. companies in Vietnam are anxious about potential tariffs from President Trump, with 81% concerned about business impacts.
Nearly 50% of firms expect layoffs if tariffs are enacted, especially in manufacturing, where 92% express concern.
Despite these worries, 94% of businesses maintain a positive outlook on Vietnam for operations due to its infrastructure and skilled workforce.
Trade between the U.S. and Vietnam hit $149.6 billion in 2024, underscoring the need for strong relations.