Vietnam was one of only two countries that Trump said has clinched a deal with the US by a July 9 deadline to avoid his so-called reciprocal tariffs. This week, many of its neighbours received letters from the White House threatening, in some cases, higher levies.

Vietnam's economy benefits from the deal, but the VanEck Vietnam ETF's limited manufacturing exposure means the news isn't a strong buy catalyst. Learn more on VNM ETF here.

Vietnam shipped $137 billion worth of goods to the USA last year, making them the sixth-highest exporter, with high quantities of computers, electronics, apparel, and furniture were among the key categories. However, details are at a premium, and it’s not clear just how the tariffs will affect prices at this stage.

U .S. tariffs on Vietnam, imposed under the trade deal President Donald Trump unveiled on Wednesday, are expected to do relatively little damage to Apple’s margins, even though the company is shifting production of many devices there.

Which publicly traded companies are likely to benefit from the recently announced trade deal between the United States and Vietnam? Seeking Alpha analysts Far Horizon and Grassroots weigh in. Far Horizon: The Vietnam trade deal is definitely a positive for apparel retailers like Nike (NYSE:NKE),

Vietnam rushed to meet the July 9 trade deadline set by U.S. President Donald Trump, hoping to escape a round of harsh reciprocal tariffs. But that early move has now left officials in Hanoi and major manufacturers facing more confusion than clarity.