Reported 1 day ago
The U.S. trade deficit with Vietnam surpassed $110 billion in the first 11 months of 2024, marking an 18% increase from the previous year. This surge is attributed to increased exports from Vietnam amid a significant depreciation of its currency, the dong. Analysts express concern over the risks posed by the rising deficit, especially with potential tariffs from the incoming Trump administration, and the U.S. government's scrutiny of Vietnam's currency practices.
Source: YAHOO