PLF Law Firm Joined HUBA “20% Countervailing Tax” Event

On August 16, 2025, the Ho Chi Minh City Union of Business Associations (HUBA) hosted its regular Business Café program under the theme “20% Countervailing Tax – Impacts and Response Solutions for Vietnamese Enterprises”. The event brought together leading experts, policymakers, and business representatives to discuss the U.S.’s newly imposed 20% countervailing tax on Vietnamese goods and its implications.

Representing PLF Law Firm, Mr. Bao Nguyen (Ronny Nguyen), Business Development, joined the event to connect with industry peers and exchange perspectives during the networking sessions.

Key Highlights of the Event

• Economic Impact: Experts emphasized that while the 20% tariff applies broadly, the total tax burden for sectors such as textiles and footwear is much higher—posing significant challenges for exporters.

• Industry Challenges: Business leaders in textiles, footwear, agriculture, and machinery reported immediate slowdowns in orders and rising costs.

• Opportunities Ahead: Increasing localization, diversifying markets, and accelerating sustainable and digital transformation were underlined as essential strategies for adaptation.

PLF’s Participation

By attending the event, PLF gained valuable insights into the regulatory and business landscape affecting Vietnamese exporters. The firm continues to monitor these developments closely to support clients in making informed decisions, while strengthening its network within the business community.