Vietnam: Biggest ASEAN winner from US tariffs – ING

💡 DMK Insight

Vietnam’s rise as ASEAN’s top beneficiary from the US tariff shift is a game changer for traders. With the US implementing a flat Section 122 tariff, Vietnam’s export-driven economy stands to gain significantly, especially in sectors like textiles and electronics. This could lead to increased foreign investment and a stronger VND, impacting forex traders looking for opportunities in emerging markets. Traders should keep an eye on Vietnam’s trade balance and export growth rates, as these will likely influence the VND’s strength against major currencies. Additionally, this shift could ripple through regional markets, affecting neighboring countries like Thailand and Malaysia, which may see competitive pressures in their own export sectors. However, it’s worth noting that while Vietnam benefits, other ASEAN countries might struggle to keep pace, leading to potential volatility in regional currencies. Watch for any economic data releases from Vietnam in the coming weeks, particularly export figures, as they could provide actionable insights into market movements.