China Issues Stern Warning to US Over Looming Tariff Reinstatement

Advertisements

Despite a framework trade agreement reached in June aimed at de-escalating tensions between Washington and Beijing, significant details remain unresolved.

This fragile truce now faces renewed jeopardy as China issues a direct warning to the Trump administration against re-igniting trade hostilities through a potential reinstatement of tariffs.

On July 8, China publicly cautioned the US against reigniting trade tensions, specifically in response to the possibility of Washington reinstating a range of tariffs on Chinese goods next month. This warning comes after President Trump initiated notifications on July 7 to various trading partners regarding increased import tariffs, effective August 1. Earlier, in April, Trump had largely suspended higher tariff rates, retaining only a 10% levy to create an environment for negotiations with the US.

For China, which had previously been subject to tariffs exceeding 100% on certain goods, a critical deadline of August 12 looms. Beijing must reach an agreement with the White House by this date to avert the re-imposition of import restrictions that were first implemented during the trade confrontations in April and May.

Reflecting Beijing’s official stance, an editorial published by the People’s Daily, the official newspaper of the Communist Party of China, on July 8 unequivocally stated: “From the current situation, a clear conclusion can be drawn: dialogue and cooperation are the only correct path.”

This strong statement highlights the persistent threat of a renewed tariff war, especially if President Trump continues his “deadline” approach, as characterized by Chinese media.

The potential re-escalation of tariffs between the world’s two largest economies carries significant implications for global trade and, by extension, for economies like Vietnam. As a key manufacturing hub and a nation deeply integrated into global supply chains, Vietnam is particularly vulnerable to disruptions caused by major trade conflicts. A renewed US-China tariff war could lead to shifts in production, increased supply chain costs, and uncertainty for businesses operating in or trading with the region. Investors and businesses with interests in Vietnam will be closely monitoring these developments, as they directly impact market stability and export dynamics.

According to data from the Peterson Institute for International Economics, the average tariff rate currently applied by the United States on Chinese exports stands at 51.1%, while China imposes an average tariff of 32.6% on US goods. Notably, both nations have applied tariffs to nearly the entirety of their bilateral trade. These figures underscore the extensive reach and economic impact of the existing trade measures, and the potential for even greater disruption if further tariffs are imposed. Analysts suggest that continued trade friction could compel companies to further diversify supply chains away from China, potentially benefiting countries like Vietnam, but also bringing their own set of challenges.

The coming weeks will be critical as the August 12 deadline approaches for China to reach an agreement with the US. The trajectory of US-China trade relations will continue to be a dominant factor shaping global economic sentiment. For Vietnam, maintaining its strategic positioning amidst these trade currents will be paramount, requiring agile policy responses and continued efforts to attract diversified investment. The international business community will be watching closely to see if dialogue prevails or if a new chapter of trade confrontation unfolds.

VinFast Accelerates India Market Entry with Strategic Partnership for EV Infrastructure

Advertisements

VinFast, the prominent Vietnamese electric vehicle (EV) manufacturer, has signed a strategic cooperation agreement with India’s RoadGrid. This partnership, formalized on July 8, aims to bolster service capabilities and enhance customer experience in preparation for VinFast’s expansion into India’s rapidly growing EV market.

The move underscores VinFast’s commitment to establishing a robust presence in one of the world’s most promising automotive sectors.

In its commitment to elevating customer experience, VinFast is actively collaborating with potential partners to establish a network of affiliated service workshops, thereby expanding its aftermarket service footprint across India. This extensive network is crucial for supporting the anticipated launch of VinFast’s products in the Indian market.

The collaboration with RoadGrid, a leading entity in India’s EV ecosystem, is a pivotal component of VinFast’s strategy to ensure accessible, reliable, and convenient product and service access for customers nationwide. RoadGrid’s expertise in developing scalable and intelligent EV ecosystems, with a presence in numerous major cities, will be instrumental in supporting the broader expansion of the EV infrastructure. The company’s integrated approach combines modern charging infrastructure with comprehensive service solutions, catering to both individual users and commercial fleet operators, promising a swift and seamless experience.

This strategic alliance carries significant implications for both VinFast’s market entry and the broader Indian EV landscape. For VinFast, securing a robust charging and service network pre-launch is vital for building customer confidence and mitigating common EV adoption barriers. This proactive approach aims to position VinFast as a reliable and customer-centric brand in a competitive market. For India, the partnership signifies further investment and development in its burgeoning EV infrastructure, which is essential for achieving its ambitious e-mobility goals. The collaboration is poised to accelerate the transition to electric vehicles by providing more comprehensive and accessible charging and maintenance solutions.

Pham Sanh Chau, CEO of VinFast Asia, emphasized the company’s vision to build a comprehensive EV ecosystem in India, with quality, convenience, and long-term support at its core. He stated that the partnership with RoadGrid is a strategic step to ensure all VinFast customers in India have access to reliable charging services and timely support, aiming to provide an easy and worry-free EV ownership experience.

Deepesh Shrinath, CEO of RoadGrid, echoed this sentiment, highlighting that VinFast’s entry marks a turning point in the Indian EV market. He expressed pride in partnering with VinFast to redefine the EV ownership experience through intelligent infrastructure, real-time connected services, and a robust aftermarket system. These statements underscore a shared commitment to innovation and customer satisfaction, crucial elements for success in the rapidly evolving EV sector.

With a shared vision for a greener mobility future, VinFast and RoadGrid will collaboratively provide proactive service support to customers, ensuring optimal operation of the VinFast EV ecosystem. This integrated approach will deliver a seamless user experience through features such as real-time charging station search, intelligent diagnostics, and comprehensive support services. The strategic partnership is expected to accelerate VinFast’s market penetration in India and contribute significantly to the growth and maturity of the country’s EV infrastructure. As India continues its push towards sustainable transportation, collaborations of this nature will be instrumental in driving widespread EV adoption and fostering a more environmentally conscious future.

Vietnam Prioritizes Growth Amidst Global Economic Headwinds

Advertisements

The State Bank of Vietnam (SBV), the nation’s central bank, announced on Tuesday its commitment to maintaining flexible monetary policies throughout the remainder of the year, with a clear emphasis on fostering economic growth.

This directive comes as global economic uncertainties continue to cast a shadow, influencing Vietnam’s economic trajectory and posing challenges to its ambitious growth targets.

Deputy Governor Pham Thanh Ha articulated that persistent global financial and monetary market risks are exerting pressure on Vietnam’s monetary policy management, particularly concerning exchange rates and interest rates. Despite these external pressures, the SBV remains resolute in its pursuit of an economic growth rate of at least 8% for the current year.

To facilitate this growth, the central bank plans to intensify efforts to encourage commercial banks to reduce operational costs and accelerate their digital transformation initiatives. These measures are intended to create a conducive environment for further reductions in lending rates, thereby making capital more accessible and affordable for businesses. Concurrently, the SBV will guide banks to boost lending in a “safe and effective” manner, specifically channeling funds towards productive and business-oriented projects. This strategic allocation of credit aims to stimulate key economic sectors. As of the end of June, total outstanding loans from banks had already seen a robust increase of 9.9% compared to the end of last year, indicating an active lending environment.

The SBV’s proactive stance highlights a critical balance Vietnam aims to strike: safeguarding macroeconomic stability while aggressively supporting economic expansion. The emphasis on lowering lending rates and directing credit towards production and business activities is a direct effort to inject liquidity into the economy, stimulate investment, and bolster domestic demand. For international investors and businesses, this signals a government keen on maintaining a supportive financial environment, even in the face of global volatility. The focus on digitalization within the banking sector also suggests a long-term commitment to enhancing efficiency and streamlining financial services, potentially benefiting foreign enterprises operating or planning to operate in Vietnam.

Analysts are closely watching how Vietnam’s monetary policy flexibility will navigate the delicate interplay of global financial shifts and domestic growth imperatives. The push for cost-cutting and digitalization within banks is seen as a necessary structural reform to enable sustainable interest rate reductions without compromising financial stability. The robust credit growth observed in the first half of the year indicates a healthy appetite for borrowing, which, if channeled effectively into productive sectors, could indeed contribute significantly to the 8% growth target. However, managing exchange rate stability amidst external pressures will remain a key challenge for the central bank.

Looking ahead, the SBV’s commitment to prioritizing growth, coupled with its flexible monetary policy approach, sets a clear direction for Vietnam’s economic management in the latter half of the year. The upcoming months will reveal the effectiveness of these measures in mitigating external risks and realizing the ambitious growth target. Continued efforts to optimize lending conditions and strategically direct capital will be crucial for maintaining Vietnam’s economic momentum and solidifying its position as an attractive destination for business and investment.

Vietnam Strengthens China Ties Amidst New US Tariffs

Advertisements

In a significant diplomatic and economic development, Vietnamese Prime Minister Pham Minh Chinh and Chinese Premier Li Qiang recently convened on the sidelines of the BRICS summit in Brazil, agreeing to enhance trade and investment between their two nations. This comes at a critical juncture for Vietnam, just days after the United States, under President Donald Trump, announced new trade terms that introduce a 20% tariff on all Vietnamese exports to the US, alongside a substantial 40% levy on transshipments originating from third countries and routed through Vietnam.

The newly imposed US tariffs, while lower than an initial threat of 46%, mark a notable shift in Vietnam’s trade landscape. The 40% tariff on transshipments is particularly impactful, primarily targeting components and materials from China—Vietnam’s largest source of inputs for its robust manufacturing industries. This measure aims to counteract circumvention of existing US tariffs on Chinese goods. In a reciprocal gesture within the US-Vietnam trade deal, Vietnam has also committed to importing US products at a zero-percent tariff rate.

During his meeting with Premier Li, Prime Minister Chinh underscored the importance of accelerating cooperation in railway construction. He specifically highlighted Vietnam’s intention to commence building a new rail link connecting the two countries in December. This initiative signals a strategic push by Vietnam to bolster its logistical connectivity with its northern neighbor, potentially creating new avenues for trade and supply chain resilience.

The confluence of these events presents a complex scenario for Vietnam. The increased tariffs from the US, a major export market, could necessitate adjustments within Vietnamese supply chains and manufacturing strategies. The explicit targeting of transshipments originating from China highlights a growing scrutiny over product origin and aims to prevent goods from bypassing tariffs through intermediary countries. This could compel Vietnamese manufacturers to diversify their input sources or invest more heavily in domestic production capabilities.

Conversely, the renewed commitment to stronger trade and investment ties with China, coupled with the ambitious railway project, offers a strategic counter-balance. Deeper integration with China’s vast economy, facilitated by improved infrastructure, could help mitigate some of the potential adverse effects of the new US tariffs. It underscores Vietnam’s pragmatic approach to international trade, seeking to maintain balance and leverage multiple economic partnerships amidst global trade uncertainties.

While details on the precise implementation of the 40% transshipment tariffs are yet to be fully disclosed, analysts suggest this policy is a direct response to concerns about Chinese goods being rerouted through Vietnam to evade US duties. This places an onus on Vietnamese customs and regulatory bodies to ensure stricter enforcement of origin rules, potentially increasing compliance costs for businesses. However, the Vietnamese government’s proactive engagement with China on trade and infrastructure suggests a calculated effort to fortify its economic resilience and expand market access in various directions.

The upcoming railway construction, slated to begin in December, is a concrete manifestation of Vietnam’s long-term vision for enhancing regional connectivity and trade facilitation with China. This infrastructure development, along with broader trade agreements, could solidify Vietnam’s position as a vital hub in regional supply chains, even as it navigates the complexities of evolving global trade policies. The focus on railway infrastructure also aligns with Vietnam’s ambition to modernize its logistics and reduce transportation costs, making its exports more competitive and attracting further foreign direct investment. The coming months will reveal how effectively Vietnam can manage these converging trade dynamics to sustain its impressive economic growth trajectory.

Vietnam and Indonesia Ink Landmark Rice Trade Deal Amidst Export Volatility

Advertisements

Vietnam and Indonesia are poised to formalize a significant long-term agreement aimed at bolstering rice trade, a move announced by the Vietnamese government on Tuesday.

This development follows a dramatic 97% decline in Vietnamese rice exports to Indonesia during the first half of the year, with shipments plummeting to just 19,000 metric tons. The agreement emerges from discussions held between Vietnamese Prime Minister Pham Minh Chinh and Indonesian President Prabowo Subianto on the sidelines of the BRICS summit in Brazil.

Indonesia has historically been a crucial market for Vietnamese rice. However, a combination of factors, notably Indonesia’s substantial domestic rice inventories, led to a sharp reduction in its purchases from Vietnam in recent months. This downturn has been a cause for concern for Vietnam, the world’s third-largest rice exporter, trailing only India and Thailand. The impending agreement seeks to reverse this trend and establish a more predictable and sustainable framework for future rice transactions between the two nations.

For Vietnam, this agreement is expected to contribute to the stability and longevity of its rice export sector, a cornerstone of its agricultural economy. A consistent demand from a major market like Indonesia will provide Vietnamese farmers and exporters with greater certainty. From Indonesia’s perspective, the deal is framed as a crucial step in “ensuring food security,” highlighting the strategic importance of reliable rice imports for the archipelagic nation. This bilateral commitment underscores a shared understanding of the vital role that agricultural trade plays in regional stability and national well-being.

Beyond the immediate scope of rice trade, Prime Minister Chinh indicated a broader commitment to fostering economic cooperation. He stated that he would direct Vietnam’s trade ministry to collaborate with Indonesian authorities to further open their respective markets. This suggests a potential for expanded trade and investment opportunities across various sectors, signaling a deepening of economic ties between the two Southeast Asian nations. The long-term rice trade agreement, therefore, could serve as a precursor to more comprehensive economic integration and partnership.

Strategic Tokenization Initiative: Unlock New Capital and Global Reach

Advertisements

As a leading multi-industry investment group, our core focus is on creating sustainable value across our diverse ventures.

We are excited to announce a strategic initiative to tokenize ownership of company shares and/or real-world assets (RWAs) for a private company limited by shares, headquartered in Gibraltar – a jurisdiction renowned for its crypto-friendly regulatory environment. This endeavor is designed to unlock novel capital formation opportunities and significantly broaden our reach to the global investor community.

We are committed to developing a robust tokenization framework that will enable qualified investors to engage with a diversified portfolio, underpinned by two key pillars:

  • Profit-generating luxury residential developments situated in prime international locations.
  • Capital appreciation from crypto-linked investment vehicles seamlessly integrated within a compliant digital asset ecosystem.

Through this initiative, we aim to achieve several critical objectives:

  • Enhance liquidity and investor accessibility through blockchain-based Security Token Offerings (STOs) or Asset-Backed Tokens.
  • Deliver compelling, risk-adjusted returns via profit-sharing mechanisms tied to real estate cash flows and digital asset performance.
  • Ensure rigorous legal and regulatory adherence across key jurisdictions, including the EU, Central Asia, and other relevant international markets.
  • Foster transparency, trust, and operational efficiency through on-chain governance and smart contract automation.
Advisor’s Role & Deliverables

We are actively seeking a highly experienced advisor to collaborate with us in developing and executing this comprehensive tokenization strategy. The scope of engagement is extensive and includes, but is not limited to, the following critical deliverables:

  • Structuring tokenized shares and/or asset-backed tokens in full compliance with applicable securities laws and digital asset regulations.
  • Designing a compelling investment framework with clearly defined Return on Investment (ROI)potential for an international investor base.
  • Developing robust tokenomics, outlining utility features and mechanisms for yield distribution (e.g., rental income, profit sharing, or capital gains).
  • Assessing Decentralized Finance (DeFi) integration opportunities to amplify token liquidity and investor access.
  • Mapping a comprehensive go-to-market and fundraising strategy, encompassing STO execution, reputable exchange listings, and streamlined investor onboarding processes.
  • Providing expert counsel on legal, tax, and regulatory implications across relevant jurisdictions.
  • Identifying and managing strategic partnerships with leading technical, legal, and custodial service providers within the digital asset ecosystem.

We firmly believe this strategic tokenization initiative will position us at the forefront of digital asset innovation. We eagerly anticipate reviewing proposals from qualified advisors who can demonstrate a deep understanding of the crypto landscape and a proven track record in similar tokenization projects.

To learn more and submit your proposal, please contact Dung Duong, Chief Investment Officer, at dungdn@rox.vn.

Vietnam’s Stock Market Surges Past Historic 1,400-Point Milestone as Bank Stocks Soar

Advertisements

HANOI — Vietnam’s stock market kicked off the new week on a positive note, with a wave of gains spreading across the board. At the close of trading on July 7, the VN-Index officially surpassed the 1,400-point mark, a historic level last reached in 2021.

Investor sentiment remained upbeat, buoyed by favorable tariff developments announced late last week. The VN-Index gained more than 15 points, or 1.09%, to end the session at 1,402 points. The VN30-Index rose by 19.89 points, while the HNX-Index and UPCoM-Index added 3.39 points and 0.44 points respectively.

Strong capital inflows targeted key sectors such as banking and securities, helping sustain the market’s upward momentum. Trading activity was largely centered on bank, brokerage, and steel stocks. Leading the charge were bank stocks—often referred to as the “king stocks”—with names like SHB, VPB, LPB, HDB, and ACB driving the market higher.

One standout was SHB, the Saigon – Hanoi Commercial Joint Stock Bank, which recorded an extraordinary trading volume of 250 million shares. SHB also hit its daily ceiling price, becoming the focal point of market liquidity.

Across the market, total matched order value exceeded VND 25 trillion. The trading screen was awash in green, with 224 stocks advancing, including 9 that hit their ceiling prices, while 60 stocks closed flat and 87 declined.

Foreign investors were net buyers, with a net purchase value of over VND 1.2 trillion. SHB attracted the largest foreign net inflow at more than VND 550 billion, followed by FPT, SSI, HPG, CTG, and HDB. On the flip side, foreign investors sold off stocks such as GEX, VCB, MWG, and FTS.

In a recent directive, Prime Minister Pham Minh Chinh urged rapid implementation of measures to upgrade Vietnam’s stock market from frontier to emerging status. The call came as part of Official Telegram 104, which focuses on enhancing the effectiveness of monetary and fiscal policy management and reviewing the country’s economic performance in the first half of the year. The Prime Minister instructed relevant ministries and agencies to work closely to swiftly remove existing barriers, including those related to trading processes, settlement procedures, foreign investor rights, and market transparency.

He also tasked the Ministry of Finance with urgently submitting a draft resolution on piloting a digital asset market—a sector that, despite being recognized in the Law on Digital Industry, still lacks a clear legal framework—by July 15.

Former TPBank Vice Chairman Do Anh Tu Indicted

Advertisements

HANOI — The Ministry of Public Security’s Investigation Police Agency has officially charged Do Anh Tu, former Vice Chairman of the Board of Directors at Tien Phong Commercial Joint Stock Bank (TPBank), with fraud and appropriation of property.

The announcement was made by a representative of the Department for Economic, Corruption, and Smuggling Crime Investigation during a press conference on July 7, where the ministry reported its performance for the first half of the year.

Born in 1962, Do Anh Tu holds a Doctor of Science degree in energy machinery from the Czech Technical University in Prague. He previously served as Vice Chairman of TPBank’s Board of Directors and Chairman of Tien Phong Securities (TPS). Tu joined TPBank in 2012 and was officially elected Vice Chairman in April 2023. However, in March 2025, he unexpectedly resigned from all positions at both TPBank and TPS, citing personal reasons and affirming that he would not contest or intervene in the decision.

In addition to Tu, 14 other individuals have been indicted on similar charges of fraud and appropriation of property. Among them is Nguyen Ho Nam, former Chairman of Bamboo Capital Group.

Vietnam Achieves Highest H1 GDP Growth in Nearly Two Decades, Breaks Multiple Economic Records

Advertisements

Vietnam’s economy not only recorded its strongest first-half GDP growth in nearly 20 years, but also set new records across a range of key economic indicators.

GDP Growth Reaches 7.52% — Best First-Half Performance Since 2011

According to the General Statistics Office, Vietnam’s gross domestic product (GDP) expanded by 7.52% in the first six months of 2025 compared to the same period last year. This marks the highest first-half growth rate since 2011. In the second quarter alone, GDP rose 7.96% year-on-year, the second highest growth rate for this period in the 2020-2025 timeline, following 8.56% in the second quarter of 2022.

The agriculture, forestry, and fisheries sector grew by 3.89% in the second quarter, contributing 5.19% to the overall increase in added value. Industry and construction rose 8.97%, contributing 43.63%, while the services sector expanded 8.46%, contributing 51.18%. For the first half overall, agriculture, forestry, and fisheries increased by 3.84%, contributing 5.59%. Industry and construction grew 8.33%, contributing 42.20%. Services rose 8.14%, contributing 52.21%. Minister of Finance Nguyen Van Thang highlighted that this is the strongest first-half economic growth Vietnam has experienced in nearly two decades.

Service Sector Posts Fastest Growth Since 2011

The service sector saw outstanding performance in the first six months of 2025. Strong external trade, transport, and tourism activities fueled an 8.14% year-on-year increase, the highest first-half growth rate since 2011. Wholesale and retail trade expanded 7.03% year-on-year, while transportation and warehousing grew 9.82%. Financial, banking, and insurance activities rose 6.53%, and accommodation and food services increased 10.46%. Public service sectors also achieved notable gains, with administrative and support services rising 14.58%, and activities related to state management, defense, and mandatory social security up 13.09%.

Industrial Production Sees Strongest Growth Since 2020

Vietnam’s industrial production continued its positive trajectory in the second quarter of 2025. The Industrial Production Index (IIP) is estimated to have grown 10.3% year-on-year, driven by a 12.3% increase in manufacturing. For the first half of 2025, the IIP rose 9.2% — the highest rate since 2020. Manufacturing output rose 11.1%, electricity production and distribution increased 4.5%, and water supply, waste management, and wastewater treatment rose 11.3%. The mining sector, in contrast, declined by 3.0%.

Record Number of New Business Registrations

Vietnam recorded 24,400 new business registrations in June 2025, more than double the monthly average from 2021 to 2024. The total registered capital reached nearly VND 176.8 trillion, with 137,200 new jobs created. Compared to May 2025, this represents a 61.4% increase in the number of enterprises, a 12.8% rise in capital, and a 39.8% increase in jobs. Compared to June 2024, the number of new businesses rose 60.5%, registered capital increased 21.2%, and jobs grew 49.9%.

In the first six months of 2025, 91,200 new enterprises were established, with total registered capital of nearly VND 820.9 trillion and 591,100 new jobs. This represents year-on-year increases of 11.8% in the number of businesses, 9.9% in registered capital, and 13.9% in employment. More than 61,500 businesses resumed operations during the period, a 57.2% increase over the same period last year. The combined total of newly established and returning businesses exceeded 152,700, a 26.5% increase. On average, nearly 25,500 businesses were either newly established or resumed operations each month.

FDI Disbursement at Five-Year High

Foreign direct investment (FDI) disbursement in Vietnam reached an estimated USD 11.72 billion in the first six months of 2025, the highest first-half figure in five years and an 8.1% increase compared to the same period last year. Of this total, manufacturing attracted USD 9.56 billion, accounting for 81.6% of disbursed FDI. Real estate received USD 932.2 million, or 8.0%, while electricity, gas, steam, and air conditioning supply attracted USD 444.7 million, or 3.8%.

What Does the U.S.-Vietnam Trade Deal Reveal About the Future of Global Tariffs?

Advertisements

HO CHI MINH CITY — The global spotlight turned to Vietnam this week as U.S. President Donald Trump announced a trade deal with Hanoi, just days before Washington’s reciprocal tariffs are set to return in full force. The agreement offers insight into how America’s evolving tariff policy could reshape global trade relationships.

Under the new deal, the United States will apply a 20% duty on Vietnamese imports — a significant reduction from the 46% rate imposed by Trump in early April. Meanwhile, U.S. exports to Vietnam will not face tariffs. The agreement also includes a 40% duty on goods originally produced in other countries but routed through Vietnam for final shipment to the U.S., a practice known as transshipping, which Washington has accused China of using to bypass trade barriers.

Vietnam is among the few nations that has managed to secure a trade deal with the White House as the clock runs down on Trump’s 90-day reprieve on new tariffs. The outcome has left other countries analyzing what this could mean for their future trade relations with the world’s largest economy.

According to Sebastian Raedler, head of European equity strategy at BofA, the deal signals that tariffs are unlikely to ease anytime soon. “What we learned from the Vietnam deal is, if anything, the tariffs are going to go up from here, not down,” Raedler told CNBC. However, others see a potential opening for further talks. Mark Williams, chief Asia economist at Capital Economics, noted that other countries might now negotiate more favorable terms than Vietnam did, given what he described as Vietnam’s limited leverage due to its heavy reliance on trade with the U.S.

The agreement has sparked concern among other emerging market economies in Asia. Analysts at Citi warned that the terms of the Vietnam deal — particularly the higher-than-expected 20% duty and the 40% rate on transshipped goods — could set a precedent that leaves other countries with little room to negotiate softer terms. Citi experts pointed out that while the deal removes some uncertainty and could pave the way for additional agreements in the days ahead, the rates agreed upon were steeper than many had anticipated.

BofA’s Raedler added that tariffs are likely to rise further after July 9, a risk the market has yet to fully price in. Economists suggest that countries like Thailand and Malaysia, along with exporters who have invested heavily in manufacturing facilities in Vietnam, could be particularly exposed. There are also concerns about spillover effects on nations such as South Korea, which have deepened their manufacturing ties with Vietnam in recent years.

Despite the challenges, experts believe more trade deals are likely in the coming days, although these agreements may resemble rough frameworks rather than comprehensive treaties. Trinh Nguyen, senior economist for emerging Asia at Natixis CIB, identified India as a possible next candidate for an agreement, though she highlighted that agriculture could be a sticking point given the domestic sensitivities around opening up India’s market to U.S. agricultural products.

While the Vietnam deal could mark the start of a wave of new agreements across Asia, it does not necessarily signal progress for Europe. Lavanya Venkateswaran, senior ASEAN economist at OCBC Bank, noted that Vietnam and other regional economies had been proactive in engaging the U.S. even before Washington’s tariff announcements in April. In contrast, she said, negotiations between the U.S. and the European Union have been more contentious, with the U.S. repeatedly criticizing the EU on various fronts in recent months.

Nguyen at Natixis CIB added that Vietnam’s experience underscores how difficult it may be for Europe to achieve tariff-free access to the U.S. market. She expects that some level of duties will be imposed and predicts the EU might accept a 10% tariff while trying to secure gains in specific sectors. Trade talks between the U.S. and EU have been slow and complicated, with little progress on key issues such as tech regulation and taxation. Trump has called for tariffs of up to 50% on EU imports, while the bloc has prepared countermeasures that remain on hold — for now.

As the July 9 deadline looms, the global trade community is watching closely to see how this new era of tariffs will take shape — and what it will mean for economies that depend on open access to U.S. markets.

What’s Driving Vietnam Airlines’ Revival of the Osaka–Đà Nẵng Route?

Advertisements

Vietnam Airlines has officially resumed direct flights between Osaka and Đà Nẵng, reconnecting central Vietnam with one of Japan’s major cities after a period of suspension. The national carrier is now operating seven flights per week on this route, with departures on Mondays, Thursdays, Fridays, and Sundays.

According to the airline, the restoration of this service reflects its strategy to expand air connectivity between Đà Nẵng and key Japanese cities. Japan remains one of Vietnam Airlines’ most important markets, recording annual growth of around 20 percent. The renewed route is expected to further strengthen links between the two countries and support growing travel demand.

Nguyễn Thị Hoài An, vice director of Đà Nẵng’s tourism department, emphasized that the flights will make travel between Japan and Đà Nẵng more convenient, helping attract both leisure and business visitors. She noted that Đà Nẵng has actively promoted its tourism offerings in Japan through programs in Tokyo and Osaka, as well as press trips and familiarization tours for Japanese partners.

In the first half of this year alone, Đà Nẵng welcomed 108,000 visitors from Japan. The city’s ties with Japan are set to deepen further with the upcoming Japan–Vietnam Cultural Festival, scheduled for July 4–6.

Đà Nẵng has also forged important partnerships with Japanese cities such as Yokohama, Kawasaki, and Sakai through memorandums of understanding on investment and cooperation. The city has built relationships with 15 other cities in Japan, facilitating numerous agreements and exchange programs in tourism, culture, education, and environmental protection.

Notably, the region’s first faculty dedicated to Japanese language and cultural studies was established at Đà Nẵng–Đông Á University in 2020. This initiative has strengthened educational and employment ties between central Vietnam and Japan, with at least nine Japanese cities and more than 100 businesses signing agreements to recruit students from the university and surrounding areas. Currently, over 162,000 Vietnamese students are studying Japanese, while 40,000 have participated in training programs in Japan.

Vietnam Airlines’ renewed Osaka–Đà Nẵng route is expected to play a key role in supporting these growing connections across sectors and further integrating Đà Nẵng into the network of Japanese partnerships.

What’s Behind America’s Surprise Tax Letters to the World?

Advertisements

Washington is taking a bold new step that could reshape global trade dynamics. On July 4, U.S. President Donald Trump announced that the United States will begin sending official letters to countries around the world, detailing the tariffs they will face when exporting goods to the American market.

Speaking to reporters on July 3, President Trump acknowledged the complexity of negotiating trade deals with more than 170 nations. According to him, starting today, the U.S. will begin issuing formal tariff notices in batches of ten countries at a time. Each letter will specify the exact tariff rates that will apply to exports entering the United States.

“We have over 170 countries. How many agreements can we realistically reach? These deals are very, very complicated,” the President remarked. He noted that while he hopes to achieve “a few” more detailed agreements with certain nations, he prefers the approach of notifying most countries of clear, specific tariff levels rather than engaging in lengthy, detailed negotiations.

Trump’s comments underscored the significant challenges of securing comprehensive trade deals, not just on tariffs but also on non-tariff barriers, including agricultural import bans. His remarks reflect a shift in strategy toward a more direct, unilateral approach in managing America’s vast trade relationships.

Senior White House officials had previously stated in April that they aimed to finalize 90 agreements in 90 days, an ambitious target that has drawn skepticism from trade analysts who question whether such rapid progress is achievable given the complexities involved.

Meanwhile, Treasury Secretary Scott Bessent said yesterday that around 100 countries are likely to face a standard 10% retaliatory tariff rate. He added that a wave of new trade agreements could be announced ahead of a key July 9 deadline.

The coming days may reveal whether this strategy of direct tariff notifications can deliver the clarity and leverage Washington seeks — or whether it will further complicate an already challenging global trade landscape.

What’s It Like to See Da Nang From Above? Helicopter Tours Are Back

Advertisements

After a two-year pause, Da Nang has officially relaunched its aerial tourism service, offering helicopter sightseeing tours over the vibrant coastal city.

On July 3, a representative from Northern Helicopter Company confirmed that the helicopter tours, suspended since the pandemic, resumed operations on July 2. The tours are operated using the EC 155B1, a twin-engine helicopter manufactured by Airbus Helicopters in France, capable of carrying between 10 and 12 passengers.

From the air, visitors can take in spectacular views of Da Nang’s iconic landmarks, including the Dragon Bridge, the Love Bridge, and the marina, offering a fresh perspective on the city’s dynamic landscape.

Travelers can choose between two tour options. The basic tour lasts 10 minutes, departing from Nuoc Man Airport and following a route along the Han River, past Linh Ung Pagoda, Son Tra Peninsula, and My Khe Beach before returning to the airport. The price is just under 3 million VND per person.

For those seeking a more expansive experience, the premium tour offers a 20-minute flight along the same initial route before continuing on to the ancient town of Hoi An, before heading back to Da Nang. This tour is priced at nearly 6 million VND per person.

Sources tell Vietnam Insider that the operator also offers customizable flights. Passengers can request routes from Nuoc Man Airport to destinations such as Cham Islands, Ly Son, the My Son Sanctuary, and even the imperial city of Hue, creating unique experiences tailored to their interests.

Da Nang’s helicopter tours were first launched in February 2015 but were suspended due to the COVID-19 pandemic. The service briefly resumed in 2022 before being halted again for various reasons. Now, with demand for unique travel experiences rising, the city’s skies are once again open for exploration.

Is Bitcoin About to Break Its All-Time High? How Wall Street and Major U.S. Banks Are Quietly Fueling the Rally

Advertisements

In the quiet of summer, a wave of capital from Wall Street and the behind-the-scenes stable-coin strategies of major U.S. banks may be silently pushing Bitcoin toward a new record. The question on everyone’s mind: Could Bitcoin set a fresh all-time high as soon as this July?

As July unfolds, the global crypto investment community is closely watching every move Bitcoin makes. After a period of sideways trading, the key question is whether Bitcoin now has the strength to break through its historical peak and establish a new price milestone during these summer months.

While typical factors such as market sentiment and sector-specific events still attract attention, some of the strongest forces driving Bitcoin’s rise appear to be coming from unexpected sources: giant investment funds on Wall Street and banking titans like JPMorgan.

Bitcoin, once a niche asset available only on specialized crypto exchanges, has become significantly easier to access. Since the start of the year, the introduction of spot Bitcoin ETFs has opened a new gateway for investors. These financial products enable everyone—from trillion-dollar pension funds to everyday retail investors—to buy Bitcoin easily and securely on the stock market, just like purchasing shares of Apple or Google. The launch of these ETFs has sparked a wave of enthusiasm. Data shows continuous inflows into these funds, with a recent streak of 15 consecutive days of net buying. This demonstrates that major institutions, managing vast pools of assets, have strong confidence in Bitcoin’s potential and are actively accumulating it.

Markus Thielen, head of research at 10x Research, describes this institutional demand as one part of a “perfect storm” that could push Bitcoin to $116,000 as early as this month. The other elements of this storm include an unprecedented tightening of supply and growing expectations of looser U.S. monetary policy. The amount of Bitcoin available for trading on exchanges has fallen to record lows. As supply becomes scarce and demand surges—thanks in large part to ETF buying—prices are under upward pressure. At the same time, speculation is growing that the U.S. Federal Reserve may ease monetary policy in the months ahead. This would inject additional liquidity into the economy, making traditional currency cheaper and boosting the appeal of scarce, store-of-value assets like Bitcoin.

These combined forces—strong institutional inflows and a shrinking supply—are creating an exceptionally solid platform for Bitcoin’s price in the short term.

Beyond these immediate drivers, an ambitious plan by America’s largest banks may shape Bitcoin’s trajectory over the longer term. Arthur Hayes, one of the crypto sector’s most influential figures, has outlined a scenario in which the U.S. government seeks new ways to finance its enormous national debt, with major banks like JPMorgan playing a key role. In this scenario, banks would issue their own stablecoins—digital tokens pegged 1:1 to the U.S. dollar—and shift a portion of their massive customer deposits into these digital dollars. To back these coins, the banks would purchase U.S. government bonds, creating a perfect cycle in which the government gains a reliable buyer for its debt and banks earn safe returns.

This quiet injection of liquidity into the system could drive investors to seek out reliable stores of value, with Bitcoin standing out thanks to its fixed 21 million coin supply. The result would be sustained, long-term demand for Bitcoin—not just a short-term price boost, but a structural growth driver for years to come.

Despite these bullish signals, investors should maintain a realistic perspective. While the upside potential is significant, the path to a new peak is unlikely to be a straight line. Historically, the July-to-September period tends to see lower trading volumes and a more subdued market. On-chain data from analytics firm CryptoQuant shows that the average unrealized profit among long-term Bitcoin holders stands at around 220 percent—an impressive figure, but still below the 300 to 350 percent levels seen during previous cycle tops in March and December 2024. This suggests the market remains in a bullish phase but has not yet reached the kind of euphoria that typically accompanies major peaks. Analysts believe Bitcoin may need to approach the $140,000 mark to trigger that kind of sentiment.

For now, Bitcoin trades near $107,000, just 4 percent below its all-time high. However, the decline of the Bull Score index to a neutral reading of 50 indicates that upward momentum may be pausing in the short term. While the market could take a breather over the summer, the signals from Wall Street and America’s banking giants are clear: Bitcoin is gaining deeper acceptance and becoming more integrated into the global financial system.

For investors, this is a critical moment to stay vigilant. The most significant moves may be unfolding quietly behind the apparent calm of summer.

Low Cost Furniture : Sourcing and Manufacturing in 2025 Made in Vietnam Products

Advertisements

Labor costs in Vietnam remain significantly lower than in China, with monthly wages for factory workers ranging from $250–$450. However, the cost advantage is no longer the only selling point. Vietnamese factories are increasingly investing in CNC wood routers, robotic sanding arms, automated kilns, and PU foam injection systems to scale production efficiently while maintaining high consistency.

This blend of affordable labor and modern automation allows manufacturers to offer the best furniture at low price without sacrificing durability, customization, or aesthetics. Whether it’s ceramic-glass tabletops, travertine dining sets, or molded PU chairs, the production quality is now competitive across global markets — particularly for mid-market brands and private label furniture programs.

Inside a Vietnam Furniture Factory Tour: What Global Buyers Can Learn

The Hue factory tour showcases a vertically integrated facility that starts with raw mineral extraction — including silicate and natural stone — and ends with assembled, export-ready furniture. This indoor-outdoor facility combines ceramic frit production, tabletop polishing, foam molding, and frame assembly, all under a single production flow.

What stands out is the factory’s ability to manage a diverse product mix, optimize container loading, and maintain quality across ceramic, metal, and wood components. For sourcing managers evaluating Southeast Asia, a Vietnam furniture factory tour like this offers clear insight into material origin, production speed, and the real-world capabilities behind B2B export offers.

How to Find Furniture Manufacturers in Vietnam: Practical Sourcing Insights

If you’re wondering how to find furniture manufacturers in Vietnam, the key is to look beyond big names. Many of the most capable suppliers are medium-sized, family-owned factories located in sourcing clusters like Binh Duong, Dong Nai, and the increasingly popular central region of Hue.

Here’s a quick strategy:

  • Start with site visits or virtual tours: Seeing real production processes — like in the Hue factory video — gives you better visibility than brochures or catalogues.

  • Assess vertical integration: Favor factories that control materials, production, and packaging in-house.

  • Check certifications: Look for ISO 9001, FSC, BSCI, and REACH compliance, especially for EU or US markets.

  • Evaluate sampling speed and MOQ flexibility: This is crucial for agile brands or new market launches.

  • Work with local sourcing partners: On-ground support ensures smooth negotiation, QC, and logistics planning.

Many buyers also explore sourcing partnerships through exhibitions (e.g. VIFA Expo) or industry consultants who specialize in Vietnam furniture export supply chains.

>> The related article: Exporting Furniture from Vietnam in 2025: Opportunities for SMEs

Vietnam vs China Furniture: Where the Value Really Lies in 2025

China still leads in terms of production volume and depth of component ecosystems. However, Vietnam is rapidly gaining ground in categories where customization, material variation, and design agility are more important than scale.

Key comparative advantages of Vietnam:

  • Lower labor and production costs

  • Greater design flexibility for small-to-mid batch production

  • Strong capabilities in outdoor furniture, minimalist design, and mixed-material construction

  • Tariff advantages via EVFTA and CPTPP

  • More transparent, responsive supplier relationships

As global brands diversify their sourcing strategies post-pandemic, Vietnam is not just the “Plus One” — it is becoming the “Plan A” for many product lines.

Integrated Quality in Vietnam: The Backbone of Reliable Furniture Export

Vietnamese furniture manufacturers increasingly understand that pricing alone is no longer enough — quality assurance and export reliability are now critical. That’s why top-tier factories are upgrading their quality control systems: in-line inspections, moisture level checks, VOC testing, drop tests, and barcode tracking are now standard. These systems not only enhance consistency but also provide traceability and compliance with global standards.

In parallel, packaging capabilities have advanced significantly. Many factories now offer flat-pack solutions optimized for container space, as well as fully labeled, retail-ready cartons with barcodes, QR codes, and multilingual manuals. For international buyers — especially those running DTC brands or omnichannel fulfillment — this integrated packaging service reduces lead times, repackaging needs, and logistical complexity.

Additionally, digital tools like ERP systems and RFID tracking are being adopted to monitor materials and production flow. With this level of control and visibility, Vietnamese manufacturers are positioning themselves not just as low-cost suppliers, but as export-ready partners capable of meeting the demands of today’s fast-moving global furniture market.

>> The related article: From Factory to Market: A 2025 Guide to Furniture Quality Inspection in Vietnam

Conclusion: Why Vietnam Is the Best Source for Affordable, Export-Ready Furniture

Vietnam’s ability to deliver best furniture at low price no longer relies on labor cost alone. It is the result of strategic investments in automation, factory integration, material sourcing, and export compliance. From Vietnam furniture factory tours to full-scale OEM partnerships, the country is proving itself as a modern, resilient, and forward-looking manufacturing hub.

For buyers seeking cost-effective production, fast prototyping, and container-optimized fulfillment, Vietnam now offers a sourcing opportunity that combines value and reliability. Knowing how to find furniture manufacturers in Vietnam — and choosing the right ones — is key to unlocking long-term supply chain efficiency.

Exit mobile version