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Samsung, Foster Electric supply chains secure as Vietnam reaches currency deal

Info Tech - Comms Equip 184 Info Tech - Tech Hardware 735 Tariffs 1768 Trade Deals 976 U.S. 5193 Vietnam 342

The State Bank of Vietnam has agreed with the U.S. Treasury that the former “will continue to improve exchange rate flexibility over time”. That addresses U.S. concerns about alleged currency manipulation to support exports and reduces the risk of tariffs being applied after a section 301 investigation of the matter. U.S. imports from Vietnam increased by 35.7% year over year in the 12 months to May 31 and surged 64.4% higher compared to the same period of 2019. The expansion has been led by a 1,170% rise in imports of audio equipment and a 126% jump in shipments of semiconductors, inclu...

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