Trump’s New Tariff Blitz Shakes Global Markets — Could Vietnam-Linked Stocks Be the Temporary Safe Haven? (台股週一恐迎大殺盤，越南概念股是否可能是資金暫時的避風港？)

• 前半段為文章的英文版本 (The first half is the English version)
• 後半段為中文版本 (The second half is the Mandarin version)

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U.S. President Donald Trump’s latest sweeping tariff policy has once again heightened global trade tensions and sent shockwaves through international capital markets. On Thursday and Friday, U.S. stocks witnessed massive capital outflows, triggering a wave of panic that spread across the globe.

With Taiwan’s stock market closed for the Tomb-Sweeping Day holiday during this period, it has yet to digest the impact of this financial epicenter. As such, Monday’s (April 7) opening is widely expected to be a pivotal moment — and potentially a sharp sell-off.

In this context, the movements of U.S. markets on Thursday and Friday will be closely watched by Taiwanese investors. Among global responses to Trump’s tariff policy, Vietnam has stood out as the country showing the clearest goodwill and willingness to cooperate with Washington.

Hit with 46% Tariffs, Vietnam Becomes the Biggest Victim

According to the newly announced U.S. tariff rules, exports from Vietnam to the U.S. are now subject to punitive tariffs of up to 46% — one of the steepest hikes among all targeted countries. Such a drastic increase places tremendous pressure on Vietnam’s export-driven economy.

The impact was immediately felt in the financial markets. On Thursday, April 3, Vietnam’s VN-Index plunged nearly 80 points, marking a sharp single-day drop of around 6% — one of the most significant crashes in recent years. Investor panic, foreign capital flight, and mounting uncertainty only compounded the downturn.

Vietnam Reacts Swiftly, Signals High-Level Cooperation with U.S.

Faced with the shock, Vietnam’s leadership moved quickly. On April 4, General Secretary of the Communist Party of Vietnam, To Lam, held a phone call with Donald Trump. The two discussed future trade cooperation, with Vietnam expressing a clear willingness to address tariff issues.

Trump later told the press: “We had a great conversation. He said he wants tariffs on U.S. goods to be zero. He wants a free trade agreement. That’s very good.” He added that a face-to-face meeting would be arranged soon.

Vietnam’s rapid engagement and show of goodwill is widely seen as a proactive step to stop the bleeding in both its capital markets and export lifelines.

Vietnam’s Sincerity Boosts U.S. Stocks with Vietnam Exposure

These diplomatic signals quickly lifted market sentiment, particularly among U.S. companies heavily reliant on Vietnamese production — such as Nike, Lululemon, and Skechers. On Friday, their share prices rebounded notably. Nike, for instance, rose nearly 4.5% after plunging 14% the day before — a positive bellwether for investor sentiment.

This market movement has sparked speculation: as Taiwan faces a potentially brutal sell-off on Monday, could Vietnam-related stocks emerge as a surprising safe haven — alongside traditional defensive sectors like bonds, inverse ETFs, and consumer staples?

Vietnam Concept Stocks: A Possible Bright Spot in a Sea of Red?

Based on the above analysis, I fed the information into AI, which then compiled a list of Taiwanese publicly listed companies that currently have key production bases or large-scale operational deployments in Vietnam, for investors’ reference:

➤ Apparel Manufacturing

• Eclat Textile (1476)
  Global leader in performance apparel manufacturing, key supplier to Nike and Adidas, with major production in Vietnam.
• Makalot Industrial (1477)
  Major OEM for global fashion brands, with full-scale and stable production in Vietnam.

➤ Footwear Supply Chain

• Feng Tay (9910)
  Long-term Nike contractor with extensive manufacturing operations in Vietnam.
• Pou Chen Corporation (9904)
  One of the world’s largest shoe manufacturers, with Vietnam as a key production hub.

➤ Electronics Assembly & Contract Manufacturing

• Pegatron (4938)
  Apple supplier expanding its Vietnam footprint to diversify from China.
• Compal (2324)
  Major laptop maker with production lines already running in Vietnam.
• Quanta (2382)
  Leading laptop and server manufacturer, with established Vietnam operations.
• Inventec (2356)
  Apple Watch and iPad supplier with facilities in Vietnam to manage geopolitical risks.

➤ Industrial & Automation

• Airtac International (1590)
  Pneumatic components specialist, with a growing manufacturing base in Vietnam serving the Southeast Asia market.

However, the above is for reference only; investors should still make their own independent judgments when making investment decisions.

Searching for Shelter Amid the Storm

Trump’s sweeping global tariff policy may be unprecedented for most investors — myself included. Frankly, I don’t yet know what the most appropriate response will be.

After a few days of reflection and deliberation, I’ve personally decided to temporarily park my funds in relatively safer assets and gradually increase my positions in fundamentally strong stocks that have been unfairly sold off during market downturns — rather than exiting the market entirely. That’s why identifying these so-called “safer” targets is the direction I’m currently focusing my efforts on.

Do you have other ideas or strategies? Feel free to leave a comment and let’s tackle this storm together, one step at a time.

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美國總統川普最新宣布的關稅新政，再度掀起全球貿易緊張局勢，引發國際資本市場劇烈震盪。美股在週四、週五接連上演資金大逃殺，恐慌情緒蔓延至全球。台股因清明連假休市兩天，尚未反映這場金融震央的衝擊，週一（4/7）開盤勢必成為市場關注焦點，預期可能出現大幅回檔甚至崩跌。

在這樣的背景下，美股週四與週五的走勢將成為台股投資人極為重要的參考指標。而從各國對川普關稅政策的第一時間反應來看，越南無疑是目前最明確釋出善意、也最積極配合美方要求的國家。

被課46%關稅，越南成最大「受災戶」

根據美方公布的新關稅政策，越南對美出口的商品面臨高達46% 的懲罰性關稅，為此次貿易行動中受衝擊最嚴重的國家之一。如此高額的關稅勢必對越南出口導向型經濟造成極大壓力。

這一打擊立刻反映在金融市場上。越南股市在4月3日（週四）大跌近80點，VN指數單日跌幅約6%，創下多年來罕見的崩跌幅度。資金恐慌外逃、外資拋售，加重市場不安。

越南主動出擊，釋放配合美國的高度善意

面對如此重擊，越南政府火速啟動外交動作。4月4日，越共中央總書記蘇林（To Lam）與川普總統進行電話通話，雙方就未來貿易協定進行初步溝通，並表達希望改善關稅問題的意願。

川普隨後在公開場合表示：「我們談得非常好。他說他希望對美國徵收的關稅為零。他希望有一個自由貿易協定，這非常好。」並補充表示雙方近期將安排會面，展開實質協商。

這樣快速與美國磋商並釋放善意，也被視為越南試圖止血資本市場與出口命脈的積極作為。

越南誠意帶動美股概念股反彈

這番外交動作迅速在市場引發正向反應，尤其對那些以越南為主要生產基地的美國公司，如 Nike、Lululemon、Skechers 等，週五美股股價紛紛出現反彈。例如 Nike 在週四暴跌 14% 後，週五回彈近 4.5%，成為市場信心的觀察樣本之一。

此一現象讓市場開始聯想：在即將到來的台股週一大殺盤中，除了債券型ETF、反向ETF、民生與防禦性類股之外，越南概念股是否也可能成為潛在資金的暫時避風港？

越南概念股：台股可能的「綠中帶紅」新焦點？

以下是我將上面的分析餵給AI後，AI整理出目前在越南具備關鍵生產基地或大規模營運佈局的台灣主要上市櫃企業，提供投資人朋友們參考：

➤ 成衣代工

• 儒鴻企業（1476）
  全球機能服飾代工龍頭，Nike、Adidas 長年夥伴，越南是主要生產據點。
• 聚陽實業（1477）
  歐美大型服飾品牌代工主力廠，越南布局完整且產能穩定。

➤ 鞋類供應鏈

• 豐泰企業（9910）
  Nike 長期代工廠，在越南設有大型製造基地。
• 寶成工業（9904）
  全球最大製鞋代工廠之一，越南為主要生產重鎮。

➤ 電子組裝與代工

• 和碩（4938）
  Apple 筆電與iPhone供應鏈成員，在越南擴建新廠作為中國替代方案。
• 仁寶（2324）
  筆電大廠，在越南有生產線進行產能分散。
• 廣達（2382）
  筆電與伺服器製造龍頭，越南基地已投入營運。
• 英業達（2356）
  Apple Watch、iPad等供應鏈成員，在越南設廠因應地緣風險。

不過以上僅供參考，投資時還是需要自己獨立判斷。

努力在風暴中尋找資金落腳處

川普這波橫掃全球的全面性關稅政策，相信對於包括小弟在下絕大多數的投資朋友們而言，都是此生從未見過的，因此不可否認的，我自已也真的不確定接下來該怎麼應對才是最適當的。

只是經過了幾天的思考和沉澱，我個人會暫時選擇將資金停放在較安全的標的，並且逢低逐步加碼被錯殺的標的，而不會清空離開市場；也因為如此，尋找所謂”較安全”的標的，是小弟我個人正在努力的方向。

你有其他的想法和建議嗎? 歡迎留言一起分享和討論，大家一起面對和克服這次的股災。