The structure of the deal, while imperfect, gives Vietnam a clearer outlook on trade policy and supports its positioning in global supply chains.

The United States announced it had reached a trade deal with Vietnam on Wednesday, which will see Washington impose a 20 per cent tariff on Vietnamese goods. Businesses in Vietnam's vast export sector initially reacted with relief to the news,

Vietnam’s trade deal with the US is a wake-up call for Asian governments grappling with the reality that higher tariffs are here to stay.US President Donald Trump announced a 20% tariff on imports from Vietnam,