Donald Trump's Re-Election: Challenges and Opportunities for Vietnam's Import-Export Sector

1. Impact on Vietnam's Import-Export Sector

• Industrial Real Estate Boom: Chinese companies are accelerating M&A activities in Vietnam's industrial zones, leading to a surge in demand for industrial real estate, especially in Binh Duong, Dong Nai, and Binh Phuoc. This trend is reflected in the growing number of inquiries from brokers looking to acquire import-export businesses.

• Supply Chain Shift from China to Vietnam: The ongoing shift in manufacturing is drawing significant FDI into Vietnam, creating opportunities for logistics companies as transportation demand rises.

• Tariffs and Trade Barriers: The Trump administration is likely to impose tariffs of 10-20% on imports from Vietnam, while tariffs on Chinese goods exceed 60%. This could reduce the competitiveness of Vietnamese goods in the U.S. market.

• Opportunities from Exports to the U.S.: Despite increasing barriers, Vietnam recorded a trade surplus of $83 billion with the U.S. in 2023, and within just the first nine months of 2024, this figure surpassed $88 billion. Key exports such as textiles, wooden furniture, seafood, stone, tires, and steel all show strong growth potential.

2. Growth Potential for Vietnamese Enterprises

Despite the challenges posed by U.S. trade policies, Real Logistics identifies several long-term growth opportunities for Vietnamese exporters:

• Strategic Position in the Global Supply Chain: The trade tensions between the U.S. and China provide Vietnam with an opportunity to enhance its position in the global supply chain. Many U.S. businesses are shifting production from China to Vietnam to avoid trade barriers, offering significant opportunities for Real Logistics to provide shipping solutions for American partners.

• Attracting FDI: With the influx of FDI and increasing demand for industrial zones, logistics has become a key industry. Exporters benefit if they can prove the Vietnamese origin of their products, reducing tax risks.

• Flexibility and Adaptability: Vietnamese exporters can quickly adjust to changes in U.S. trade policies. With professional transport routes and optimized logistics services, Real Logistics is confident in its ability to support businesses in maintaining and expanding their market share in the U.S.

3. Solutions for Real Logistics and Vietnamese Enterprises

To address challenges and seize opportunities, Vietnamese import-export businesses, especially Real Logistics' partners, should consider the following solutions:

• Diversify Markets: While the U.S. is a crucial market, Vietnamese businesses should expand to other regions such as the EU, Japan, and ASEAN to reduce dependence on a single market and mitigate risks from U.S. trade policy changes.

• Raise Product Standards: Adhering to international quality standards, particularly sustainability and food safety standards, will help Vietnamese goods overcome non-tariff barriers and enhance competitiveness in the U.S. market.

• Maximize Free Trade Agreements (FTAs): Agreements like the CPTPP and EVFTA open opportunities for Vietnam to boost exports to other major markets, minimizing risks from U.S. protectionist measures.

• Invest in Technology and Logistics Services: With Real Logistics' international shipping network and professional logistics solutions, Vietnamese businesses can optimize import-export processes, reduce shipping time and costs, and maintain business efficiency despite U.S. trade policy fluctuations.

4. Conclusion

Donald Trump’s re-election brings both challenges and opportunities for Vietnamese import-export businesses. While facing trade barriers from U.S. protectionist policies, companies can leverage their position in the global supply chain and flexible adaptability. Real Logistics is committed to supporting Vietnamese enterprises in finding optimal transportation solutions, ensuring sustainable growth and efficiency in import-export activities with the U.S. and globally.

Real Logistics Co.,Ltd

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