Manufacturing machinery components for export to the US at Boss Industrial Company Limited, Song May Industrial Park (Trang Bom district). Photo: K.Minh |
For Dong Nai, the US is also the largest export market, accounting for nearly 33% of the province's total export turnover. In the first quarter of 2025, Dong Nai exported more than 1.93 billion USD to the US.
Dong Nai exports a lot of products to the US such as textiles, footwear, wood products, computers, electronic components, machinery and equipment, textile fibers, machinery and equipment and spare parts, iron and steel products... In the future, when the export tax on goods to the US increases, it will directly affect many businesses in the province. Especially businesses that have signed orders with US partners until the end of the second, third and fourth quarters of 2025.
Tax costs will be included in the product cost and the product cost will be pushed up. With the contracts Dong Nai enterprises have signed with American partners, if they cannot negotiate an increase in selling price, the possibility of loss will be very high.
Dong Nai's textile and garment exports more than 30% to the US. Export clothing production at Dong Tien Joint Stock Company, Amata Industrial Park (Bien Hoa city). Photo: K.Minh |
As product prices increase, many businesses will have difficulty competing with similar goods from other countries exporting to the US. At the same time, the possibility of orders from the US market will decrease.
According to the list of reciprocal tax rates of the US with other countries, Vietnam is subject to the 3rd highest tax rate. Much higher than the tax rates of other countries. Specifically, Chinese goods exported to the US are subject to a tax rate of 34%, India 26%, Korea 25%, Japan 24%, Thailand 36%, EU 20%...
Khanh Minh
Source: https://baodongnai.com.vn/kinh-te/202504/my-ap-thue-doi-ung-46-len-hang-hoa-viet-nam-dong-nai-lo-lang-don-hang-xuat-khau-se-giam-91234a4/
Comment (0)