Vietnam and the United States have negotiated, and as a result, the stock prices of clothing brands with factories in Vietnam have generally risen!

Finance Network News on April 5th (Editor: Ma Lan) U.S. President Trump hinted on Friday that the U.S. is in negotiations with Vietnam regarding lowering the U.S. tariff rates on Vietnam. This news boosted confidence in companies operating factories in Vietnam. On Thursday, after Trump announced a 46% tariff on imported goods from Vietnam, the stock prices of many global companies experienced significant declines, while Vietnam's benchmark index VNI recorded a 6.68% drop at the close. Clothing and footwear manufacturers with significant production capacity in Vietnam were particularly affected. Nike's stock price dropped by 14% on Thursday, while On Holding and Skechers both saw declines of over 10%. However, these stocks all saw a recovery on Friday, with Nike rising by 3%, On Holding by 5.2%, and Skechers by 2.5%. Vietnam's General Secretary of the Communist Party, Su Lin, stated on Friday that Vietnam is willing to negotiate with the U.S. to reduce Vietnam's import tariffs on the U.S. to 0%, and has requested the U.S. to take the same approach on export tariffs to Vietnam. Analysts pointed out that multinational companies are currently unable to reduce costs under comprehensive tariff policies, which is fundamentally impossible. Overall Rise Vietnam's trade surplus with the U.S. exceeds $123 billion, and the U.S. is Vietnam's largest export market. Since Trump's return to the White House, the Vietnamese government has been trying to appease the U.S. government and seek tariff exemptions, especially in products such as automobiles. According to Finance Network tracking, most international brands with factories in Vietnam saw a slight increase in stock prices on Friday, with clothing brand Gap witnessing the most significant increase (7.23%). Last week, Gap's CEO Richard Dickson pointed out that Vietnam is currently Gap's largest supplier country, followed by India and Indonesia. Nike, in its latest annual report, stated that its Vietnamese factories produce more than half of its shoes and over a quarter of its clothing. In addition to clothing and footwear manufacturers, furniture manufacturers also saw a rebound in stock prices. After a 19% decline on Thursday, U.S. brand Wayfair saw a 3.8% increase at the close on Friday, while SharkNinja's stock price rose by 0.86% and RH company's intraday drop exceeded 17% before narrowing to 2.5%. This article is a reprint from Finance Network, edited by GMTEight, by Chen Yufeng.