Rice for export (Illustrative image - Source: VNA)
HCM City (VNA) – The US has been a leading importer of food and agricultural products fromVietnam and the export growth is forecast to reach 11 percent this year, heard aseminar in Ho Chi Minh City on December 7.
According to theMinistry of Industry and Trade, the US is a potential export market of Vietnam withexport turnover increasing over recent years. However, Vietnam’s exportearnings to the US market currently account for only 2 percent of the US’stotal import turnover.
Participants noted thatthe US market’s attraction is posing fiercer competition to Vietnameseexporters in addition to the country’s strict regulations on food safety setout by the US Food and DrugAdministration (FDA) and the FoodSafety Modernisation Act (FSMA).
A representative of Vietnam's Trade Office in the US said the agency willcontinue updating information about the FSMA as well as the US’s economic and tradepolicy on its portal, while providing legal assistance and export-procedureconsultancy, making it easy for Vietnamese exporters to understand more aboutthis market.
It has also assisted businessesof the nations in seeking cooperation opportunities in business, investment andexport-import, while working with ministries and sectors to resolve tradedisputes concerning Vietnam.
Trade ties betweenVietnam and the US have been growing as bilateral relations have witnessedfruitful development in recent years.
The US has remained thelargest importer of Vietnamese products, with Vietnam’s export turnover to themarket hitting 38.45 billion USD last year, and 34.7 billion USD in the first10 months of 2017.
Vietnam currently ranks 16th among the US’ leading trade partners.Bilateral trade grows 20 percent annually and Vietnam has enjoyed a tradesurplus with the US in the past 10 years.-VNA
On the occasion of US President Donald Trump’s tour of Asia, as well as his attendance in the APEC Economic Leaders’ Meeting and State visit to Vietnam, the Vietnam News Agency's resident correspondent in Washington D.C had an interview with David Shear, former US Ambassador to Vietnam and former Assistant Secretary of Defense. Following is the content of the interview.
Since Vietnam and the US established a comprehensive partnership in July 2013, they have gained new and practical achievements in bilateral, regional and multilateral cooperation.
President Tran Dai Quang and President Donald Trump witnessed the signing of cooperation agreements between Vietnam and the US after their talks in Hanoi on November 12.
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.
Rice for export (Illustrative image - Source: VNA) 
