Vietnamese firms are facing steeper cost increases than the global average due to tariffs and trade uncertainty, according to HSBC’s Global Trade Pulse 2025 survey.

Vietnam reported a year-on-year surge of 23.5 percent in exports of textile and garment to earn 18.7 billion USD in the first five months of this year in the midst of lingering market uncertainties coupled with rising prices of inputs.

After a year full of difficulties caused by the COVID-19 pandemic, many enterprises are still trying to provide their workers with rewards and gifts for the Lunar New Year (Tet) festival, to encourage their spirit and enhance bonds with the enterprises, helping to quickly restore production and maintain jobs and incomes for their employees.

Singapore Airlines has spent 4.4 billion SGD (more than 3.2 billion USD) over the last two months as a result of the COVID-19 pandemic that has forced governments to close borders to stem the spread of the coronavirus.

Several toy makers of the US are intending to move their production facilities in China to other markets, including Vietnam, due to concerns about negative effects from the US-China trade war.