The recent landmark trade and tariff agreement between the United States and Vietnam has sent ripples through global markets, creating new opportunities for multinational corporations while significantly impacting domestic industries. The deal, which establishes a 20% tariff on Vietnamese exports to the U.S. and a steeper 40% rate on transshipped goods, has already produced measurable effects across technology, steel, and textile sectors.

Tech Sector Leads the Charge

Taiwan Semiconductor Manufacturing Company (TSMC), a critical player in the global electronics supply chain, saw its American Depositary Receipts (ADRs) reach record highs following the announcement. This momentum carried over to domestic markets, with TSMC's shares rising by $5 to close at $1,090 today. The broader market followed suit, with the benchmark index gaining 135.23 points to close at 22,712.97, accompanied by robust trading volume exceeding $374.3 billion.

The positive sentiment extended throughout the tech sector, particularly among ABF substrate manufacturers. Nan Ya Printed Circuit Board surged to its daily limit of $124, while competitors Kinsus Interconnect Technology and Xinxing also posted significant gains amid optimistic projections about future demand.

Steel Industry Shows Resilience

Steel producers emerged as unexpected beneficiaries of the trade agreement. Hai Duong Steel led the charge with gains exceeding 5%, followed by Hsin Kuang Steel and Chung Hung Steel , which both posted substantial increases. Other major steel players including Century Steel and China Steel recorded gains above 2%, reflecting renewed investor confidence in the sector.

Textile and Footwear Sectors Rally

The trade deal's implications were particularly pronounced in Vietnam-dependent industries like textiles and footwear. Major textile firms Eclat Textile and Li Peng Enterprise saw shares rise more than 2%, while footwear manufacturers Lai Yi-KY and Chih Kang-KY posted even stronger performances.

Market analysts note that the agreement has effectively created a new growth paradigm for export-oriented industries. "What we're seeing is a strategic realignment of supply chains," noted one industry expert. "Companies that can navigate these new tariff structures stand to gain significant competitive advantages."

As the U.S.-Vietnam trade relationship enters this new phase, investors continue to monitor secondary effects across related sectors, with many anticipating further market adjustments in the coming weeks.