Vietnam and the US have huge potential to boost cooperation in trade and supply chains after COVID-19 is brought under control, which opens up many opportunities for Vietnamese firms to increase exports to this major market.
Vietnam and the US have huge potential to boost cooperation in trade and supply chains after COVID-19 is brought under control (Illustrative photo: VNA)
HCM City (VNA) -Vietnam and the US have huge potential to boost cooperation in trade and supplychains after COVID-19 is brought under control, which opens up manyopportunities for Vietnamese firms to increase exports to this major market.
Director of the Investment and TradePromotion Centre of Ho Chi Minh City (ITPC) Nguyen Huu Tin said Vietnam and theUS have enjoyed impressive strides forward in economic cooperative ties, withthe US being Vietnam’s largest export market and Vietnam being the US’s6th-largest importer.
According to Tin, Vietnam has affirmed itsposition as an important trade partner of the world’s largest economy.
Thanks to the good control of COVID-19 inVietnam, Vietnamese firms have a huge advantage over foreign rivals strugglingto fight the pandemic, he said, while suggesting that improving business andproduction capacity and capitalising on the US market will provideopportunities for Vietnam’s economy to develop further in the time to come.
In the first quarter of this year, two-waytrade between the two countries topped 25.9 billion USD, up 33.5 percentyear-on-year, with Vietnam’s exports estimated at 22.2 billion USD.
The two governments and business communitieshave made efforts in the past to bolster cooperation in a practical fashion andbased on the complementary nature of the two economies.
A factory of Samsung in Vietnam (Illustrative photo: VNA)
Experts said the US’s demand for high-qualityVietnamese products has been increasing due to changes in the global supply chain,and US firms sees Vietnam as a potential, safe investment destinationpost-pandemic.
They noted the complementary nature of the twoeconomies, with Vietnam having good production capacity in the fields ofagriculture, seafood, and wood processing, among others, while the US is theworld’s leading materials supplier and has the strongest purchasing power.
However, they advised Vietnamese firms to selectsuitable measures to effectively access the US market, and strictly followquality requirements of the US./.
Vietnam’s fruit exports reached about 1 billion USD in the first quarter of this year, up 10 percent compared to the same period last year. Of the figure, exports to the US - Vietnam’s second-largest fruit and vegetable market - accounted for 30 percent. The market’s potential is expected to grow in the time to come.
Vietnam’s success in the fight against COVID-19 and its overall stability have increased its competitiveness and resulted in positive outcomes in foreign direct investment (FDI) attraction since the start of the year, Director of the Foreign Investment Agency under the Ministry of Planning and Investment, Do Nhat Hoang, has said.
The import-export value of agro-forestry-fisheries products in the first four months of 2021 stood at about 32.07 billion USD, with exports estimated at 17.15 billion USD, a 24.2 percent increase year-on-year, the Ministry of Agriculture and Rural Development (MARD) has reported.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Vietnam and the US have huge potential to boost cooperation in trade and supply chains after COVID-19 is brought under control (Illustrative photo: VNA) 
A factory of Samsung in Vietnam (Illustrative photo: VNA) 
