Recent U.S. trade policies will have some impact on Vietnam but no substantial influence is expected, according to Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan.

Vietnam is expected to be affected by several of the new US tariffs, but not as severely as many other nations, said Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan.

The $625 million project, and a planned new embassy building in Hanoi, symbolizes Washington's increased attention to Southeast Asia.