The Commercial Counsellor and Head of the Vietnam Trade Office in the US pointed out that US producers have yet to meet domestic steel demand fully, leaving room for Vietnam’s exported steel and aluminium products in the market.

VN steel and aluminum products are renowned for their competitive prices and high quality, offering significant value to the US economy by helping curb inflation and fostering stronger bilateral trade ties, a point echoed by many importing nations.

The U.S. government's decision to impose a 25% tariff on imported steel sent shockwaves through Vietnam’s steel industry, causing Hoa Phat Group chairman Tran Dinh Long to lose $80 million in a single trading session.