Garment and seafood are greatly affected
According to Ms. Nguyen Thi Thuong Linh - Deputy Director of Vietnam Trade and Industry Federation, the Mekong Delta Branch (Mekong Delta), through a quick survey of businesses in the Mekong Delta region, 84% of the units said, directly affected by the 2025 business plan by the US move.
In Can Tho, the report of the Department of Industry and Trade shows that in 2024, the city's export turnover to the US reached more than 192 million USD, accounting for 11% of the city's total export turnover. The main export items of agriculture - fishery, garment, handicrafts, steel and steel products ... Currently, the whole city has 28 enterprises exporting to this market.
Facing the new US reciprocal tax policy, many exporters in Can Tho have serious difficulties. In particular, two key export groups of garments and seafood are strongly affected. The 46% tax rate will lose the price competitive advantage compared to other countries that are not subject to tax or lower taxes.
Mr. Phan Hoang Duy - Deputy General Director of Can Tho Seafood Import Export Joint Stock Company - said that in recent days, businesses seem to "not sleep but have to be awake", then combined with lawyers and customers in the US to monitor the situation ...
The company identified the US as the most important market, stability and affecting other markets. Businesses are concerned about the possibility of the US that can apply reciprocal taxes at the same time, anti -dumping tax, ...
Mr. Ngo Van Chon - Deputy Director of Tay Do Garment Joint Stock Company - said that first of all, businesses must be proactive. When there is information that the US postponed 90 days, the company tried to join with partners, especially customers to quickly export to the United States. But in the long run, businesses will continue to have the worst case situation if the 46% tax is applied.
Flexible adaptation
Facing the pressures from the US reciprocal tax policy, at the meeting to meet export enterprises to the US market in the city, businesses have proposed the City People's Committee to propose the Government to have practical support policies for severe industries, especially garments and aquatic products.
Reducing land rent, wastewater treatment costs; promote trade promotion, expand export markets and domestic consumption; There are specific policies that help stabilize production, ensure employment and income for workers ... are also issues that many businesses want to be interested in supporting.
Accordingly, Mr. Duong Tan Hien - Permanent Vice Chairman of Can Tho City People's Committee - assigned the Department of Industry and Trade to preside over and coordinate with relevant departments and branches to urgently synthesize business opinions to advise the City People's Committee to propose the Central Government; Consider and propose support policies on land rent and environmental costs to create favorable conditions for businesses to recover and develop.
Permanent Vice Chairman of Can Tho City People's Committee also requested local agencies to continue promoting administrative procedure reform; Tighten the traceability of goods to improve the reputation and competitiveness of the product.
On the business side, it is necessary to improve the management capacity, optimize production costs, promptly update market information, take the initiative in forecasting and prepare flexible adaptive plans in the new context.
