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Vietnamese stocks “on fire” after President Trump announced a 46% tax

(NLDO)- After President Donald Trump announced a 46% import tax on Vietnam, the stock market immediately turned red at the opening of the trading session on the morning of April 3.

Người Lao ĐộngNgười Lao Động03/04/2025

Specifically, VN-Index decreased by more than 45 points, down to 1,277 points with more than 440 stocks decreasing in price and 40 stocks hitting the floor, only 15 stocks increasing in price.

HNX-Index decreased by 10 points, to 228 points with 163 stocks decreasing in price, 5 stocks decreasing by the limit and only 6 stocks increasing in price.

Notably, the basket of large-cap stocks VN-30 decreased by 50 points, down to 1,325 points, of which 29 stocks decreased in price and only one stock increased in price (code SSB of Southeast Asia Commercial Joint Stock Bank) but only slightly.

Chứng khoán Việt “đỏ lửa” sau công bố áp thuế 46% từ Tổng thống Trump- Ảnh 1.

Vietnam's stock market is on fire, many stocks quickly 'hit the floor' right after the opening session

Chứng khoán Việt “đỏ lửa” sau công bố áp thuế 46% từ Tổng thống Trump- Ảnh 2.

The sharp decline of the Vietnamese market coincided with the decline of the Asia-Pacific market on the morning of April 3 after President Donald Trump announced a strong tax on more than 180 countries and territories on April 2.

Australia's S&P/ASX 200 fell 1.55%. Japan's Nikkei 225 fell 3.02% while the Topix index fell 3.19%. In South Korea, the Kospi fell 1.57% while the Kosdaq fell 0.55%.

US stock futures plunged as President Donald Trump announced sweeping tariffs of at least 10% and even higher on some countries, raising the risk of a global trade war that could hit the already sluggish US economy.

Apple shares fell more than 6% at the end of trading on April 2 (local time) and led the decline of technology stocks after President Donald Trump announced new tariffs ranging from 10% to 49% on imported goods.

This is considered the sharpest decline for Apple shares since September 2020. Most of Apple's revenue comes from devices manufactured mainly in China and some other Asian countries.

Shares of Nvidia, which makes chips in Taiwan and assembles artificial intelligence systems in Mexico and elsewhere, also fell about 4%, while shares of electric car company Tesla fell 4.5%.

  • President Donald Trump says reciprocal tariffs are "only about half" of what the US would pay?

US President Donald Trump has announced a 46% reciprocal tax on 90% of total imported goods from Vietnam.

Also in Southeast Asia, Thailand is subject to a 36% tax on 72% of total goods, followed by Indonesia (32%, 64%), Malaysia (24%, 47%), the Philippines (17%, 34%), and Singapore (10%, 10%).

In the list of countries and territories subject to this tax, the notable ones are China (34%, 67%), the European Union (20%, 39%), Sri Lanka (44%, 88%), Bangladesh (37%, 74%), Switzerland (31%, 61%), South Africa (30%, 60%), Pakistan (29%, 58%), India (26%, 52%), South Korea (25%, 50%), Japan (24%, 46%), Israel (17%, 33%).

Notably, Canada and Mexico are not on the list of countries subject to reciprocal tariffs by the US this time.

Source: https://nld.com.vn/chung-khoan-viet-do-lua-sau-cong-bo-ap-thue-46-tu-tong-thong-trump-196250403095627196.htm


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