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Vietnam’s state-owned shipbuilding company, SBIC, is facing imminent bankruptcy, prompting government intervention aimed at restructuring the corporation, MaritimeFairTrade.org reported. This decision follows a resolution approved by the Politburo, which has sanctioned the bankruptcy of SBIC and its seven subsidiaries. Leading this initiative is Deputy Minister of Transport Nguyen Xuan Sang, who has asserted that the bankruptcy has become unavoidable after failed restructuring attempts.
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Vietnam is planning to limit its crypto exchange pilot program to just five licensed operators, pointing to a cautious regulatory approach despite the country's status as a global crypto adoption leader, Decrypt reported. The framework would allow for only five licensed exchanges to operate during the pilot as the Ministry of Finance develops detailed regulations for taxation, compliance, and operational standards, Deputy Finance Minister Nguyen Duc Chi said at a government press conference on Monday, according to a VnEconomy report, a local media publication.
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Vietnam's exports to the United States fell 2% in August from July to $13.94 billion, Vietnamese customs data showed on Tuesday, as a tariff of 20% on shipments to the United States took effect, Reuters reported. Imports from China also fell 2% in August from July, the Customs Department said. The Trump administration has repeatedly accused Vietnam of being used as a transshipment hub for Chinese goods directed to the United States.
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President Donald Trump said on Wednesday he has reached a trade deal with Vietnam, just ahead of the 90-day pause on “reciprocal” tariffs ending for more than 90 countries that barter with the U.S., Freight Waves reported. Goods from Vietnam to the U.S. will now face a 20% import tax, instead of the 46% duty rate Trump said he would impose on merchandise from the country during his “Liberation Day” announcement on April 2. Trump paused the reciprocal tariffs on imports from most countries for 90 days on April 9, but kept a 10% baseline import tax in place for almost all U.S.
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