This was the assessment of the Ho Chi Minh City Textile and Garment Association, which said it hoped that the new tariffs would be reduced to between 20 and 25% and that the implementation of the tariffs would be delayed by 30 to 45 days to minimize the impact on goods in transit.

The assessment was made public at a meeting organized by the Ho Chi Minh City Department of Industry and Trade at which the chairman of the Ho Chi Minh City Business Association, Nguyen Ngoc Hoa, considered the new tariff unavoidable, so the negotiation strategy should focus on achieving the most favorable level possible.

According to Ngoc Hoa, quoted by the VNA news agency, in order to adapt to the new taxes, companies must reduce production costs and receive government support.

Entities from various branches agreed that the United States is a crucial market, so it is necessary to comprehensively assess the impact of the new tariffs, and the government, ministries and local administrations should implement specific solutions for each affected sector.

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