Vietnam turns to neighbours as Trump strikes blow to trade
Hanoi
AFTER years of relying on American consumers, Vietnam is turning to its Asian neighbours after US President Donald Trump dashed hopes for a Pacific trade deal that stood to benefit the export-reliant nation the most.
The end of the Trans-Pacific Partnership (TPP) "will push us to expand in other markets", Nguyen Duc Kien, deputy head of the National Assembly Economic Committee, said on Wednesday. "We have a lot of potential to increase exports" to markets in Asean and some "regional countries where we have bilateral trade agreements such as South Korea, Japan", he said.
TRENDING NOW
Most buyers of million-dollar HDB flats paid no COV in 2025: PropNex
Philippines’ income upgrade hides grim reality for most Filipinos
‘We are all Korean investors now’: Why South Korea’s AI-heavy market is setting the tone for global stocks
Vietnam’s island megaproject races towards Apec deadline, but demand test looms