Facing a 46 per cent tax on export, Hanoi is one of the most striking victims of Trump’s take-no-prisoners trade war.
Hoang Cuong started buying shares five years ago in the hope that he could one day afford to buy a flat in Hanoi.
Fuelled by an economic boom that has transformed Vietnam into one of Southeast Asia’s growth stars, the value of the swimming instructor’s portfolio grew until his dream was within sight.
But on Thursday morning, he woke up to the news that US President Donald Trump had slammed Vietnam with some of the most punitive tariffs in his “Liberation Day” package.
