46% Tariffs: Vietnam's Economic Crossroads and Global Lessons from Canada and Mexico

The U.S. decision to impose a 46% import tariff on Vietnamese goods has shaken Vietnam's export economy in recent days. Vietnam must restructure its economic model if it wants to maintain global competitiveness.

Echoing the trade disruptions Canada and Mexico faced in previous years, Vietnam now stands at a critical crossroads: either continue to react passively to external shocks or take decisive steps toward resilience and transformation for more sustainable development.