In the first four months of this year, the US continued to be the biggest importer of Vietnamese goods, buying 4.42 billion USD worth of garment-textile, up 9.1 percent year-on-year. (Photo: VNA)
Hanoi (VNA) - Vietnam was one of the fastest-growing importsources of the US in Asia in the first quarter of 2019, according to Bloomberg.
The Southeast Asian country could leapfrog Italy, France, the UKand India to rank seventh in the top exporters to the US if its pace of growthcan be sustained for a full year, Bloomberg said, forecasting Vietnam’s exportsto the US could hit nearly 69 billion USD this year.
It citeddata from the US Census Bureau which showed that imports from Vietnam jumped40.2 percent year-on-year in the first three months of 2019.
Vietnamhas become a standout in a region where the world’s export engines are heavilyhurting amid the trade-war tensions between China and the US, and a slowingelectronics cycle, according to Bloomberg.
Exportsof Japan, the Republic of Korea, Singapore, and Taiwan all saw declines in April,while in the same month Vietnam’s exports gained 7.5 percent from a yearearlier.
Bloombergsaid Vietnam offers low-cost labor and an improving business climate alongsideboasting one of the fastest growth ratesin the world.
According tothe General Department of Vietnam Customs, in the first four months of thisyear, the US continued to be the biggest importer of Vietnamese goods, buying4.42 billion USD worth of garment-textile, up 9.1 percent year-on-year; 2billion USD worth of footwear, up 13.5 percent; 1.3 billion USD worth of machinery,equipment, and spare parts, up 54 percent; and 1.42 billion USD worth of woodand timber products, up 34.7 percent.-VNA
Vietnam and the US reiterated their commitments to deepening cooperation in energy security during their second energy security dialogue in Washington D.C on April 12.
The US Consulate General in Ho Chi Minh City on April 18 held a workshop on boosting Vietnam-US cooperation in airport infrastructure development in Vietnam, gathering 80 representatives of the public and private sectors of both nations.
A seminar to promote exchange and cooperation among sectors, enterprises, and organisations of Vietnam and the US was held in Hanoi on May 23 by the Vietnam-US Society under the Vietnam Union of Friendship Organisations (VUFO).
Deputy Prime Minister and Foreign Minister Pham Binh Minh had meetings with several US officials in Washington DC on May 23 as part of his official visit to the North American nation.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
In the first four months of this year, the US continued to be the biggest importer of Vietnamese goods, buying 4.42 billion USD worth of garment-textile, up 9.1 percent year-on-year. (Photo: VNA) 
