US President Donald Trump said he plans to limit exceptions to his tariff push, the latest cryptic hint about a planned April 2 announcement of reciprocal duties on global trading partners.

Vietnam’s finance ministry has put forward a proposal to cut preferential import tariffs on a range of products including LNG, cars, wood and agricultural products, as the nation seeks to avoid the imminent threat of US tariffs.

Vietnam will cut its tariffs on several U.S. products including LNG and cars, the head of the Finance Ministry's tax policy department said, as the country tries to avoid being hit with U.S. tariffs because of its large bilateral trade surplus.

At the signing ceremony, Deputy Minister Phan Thi Thang affirmed that the MoU not only represents a milestone in the cooperation between the two sides but also demonstrates the ministry’s commitment to protecting consumer interests in an increasingly interconnected global marketplace.

Strict regulations in key export destinations require businesses to meet international standards, while the country's reliance on raw material exports limits value-added opportunities.

Standard Chartered Bank forecasts GDP growth of 6.7 per cent for 2025. However, the bank predicts that the first half of the year will experience a stronger growth rate of 7.5 per cent.

The Regional Comprehensive Economic Partnership (RCEP) has emerged as an important anchor for global free trade, injecting momentum into the world economy amid rising protectionism and geopolitical uncertainties, according to sources from the Boao Forum for Asia (BFA) conference.

Hessen is readiness to support Vietnam in developing international finance centres and share its experience in financial market management, Minister-President of the German State Boris Rhein has affirmed.

Amidst rising protectionism and retaliatory trade measures around the world, the future of multilateralism appears uncertain, if not troubled.

Vietnam’s seafood industry faces potential export bans to the U.S. due to the United States’ Marine Mammal Protection Act (MMPA), requiring urgent changes in fishing practices and negotiations to avoid severe economic impact.