Trump’s decision expected to hurt Vietnamese billionairesVietNamNet Bridge - The changes in policies being pursued by US President Donald Trump will have an impact on the pockets of Vietnamese billionaires. Chair of Hoa Phat Group Tran Dinh LongIn Vietnam, Hoa Phat Group of Tran Dinh Long, Hoa Sen Group of Le Phuoc Vu and Nam Kim are the biggest steel companies. HSG of Hoa Sen Group on March 5 fell by 4.9 percent in price, Nam Kim by 5.5 percent, Dana Steel 9.2 percent and POM 5.7 percent.Analysts give different forecasts about the impact of the anti-dumping duty on Vietnamese steel mills.In 2017, Hoa Phat Group exported 160,000 tons of bar and rolled steel products to some countries. ASEAN remains the biggest export market.Nevertheless, this is still bad news for domestic steel manufacturers in the long term.Hoa Phat, with large production capacity in the Hoa Phat Steel Complex in Dung Quat Industrial Zone, targets VND100 trillion in revenue. It may try to boost exports to the US, the world’s biggest steel import market, and one of the countries with high steel production costs.The US’s high tax imposition means that Vietnamese manufacturers will lose a vast market in the future.