Jul. 2 at 8:30 PM
Couple of things to note:
1) The avg monthly income for Vietnamese workers in 2024 was 7.7M VND/month (~
$310 USD/month) - only 18% of the population have monthly income above 25M VND/month.
An
$F F-150 price range is 688M VND to 1.685B VND - therefore, if costing at 1B VND w/ a 20% down payment (200M VND) & a 7-year loan at 8% interest would have monthly payments of approximately 13.5M VND
Current car ownership in Vietnam stands at 9% of households as of 2024
Affordability, practicality, & cultural preferences remain concerns
2) Deal means American businesses will pay a 20% tax on the
$140B imports from Vietnam, while Vietnamese businesses will pay no taxes on the
$13B export from US
Resulting in
$28B taxes for the Trump Admin vs
$13B exports from US (a lack of tariffs could incentivize Vietnamese businesses to buy more American products but unlikely to shift materially b/c of a low pre-deal tariff anyway)
Vietnam will buy 50
$BA aircraft for
$8B &
$2.9B in US ag products
$VNAM $VNM -
$SPY