In January, Vietnam’s export to the US reached 9.8 billion USD, while import stood at 1.3 billion USD, resulting in a trade surplus of 8.5 billion USD.
The US' official recognition of Vietnam’s tra fish food safety control system as equivalent to its own will facilitate access and market expansion for the Vietnamese products. (Photo: VNA)
Hanoi (VNA) – ♔Trade revenue between Vietnam and the US exceeded 11 billion USD in January, with Vietnam enjoying a trade surplus of 8.5 billion USD, a year-on-year fall of 3.5%, according to the General Statistics Office of Vietnam.
In the month, Vietnam’s export to the country accounted for 9.8 billion USD, while import stood at 1.3 billion USD.
ꦍ Trade experts said the US is a pivotal market for Vietnamese businesses seeking to expand their international operations. Notably, the Southeast Asian country has been attracting significant high-tech investment from the US, especially in microchips and semiconductors as it is jumping on the global science-tech innovation bandwagon. They stressed that Vietnam has emerged as a crucial player in the US global supply chain, while US enterprises have substantially contributed to Vietnam’s economic transformation and development.
The Vietnam Trade Office in the US suggested domestic firms coordinate with US importers and distributors to adopt flexible payment methods and risk-sharing strategies, particularly during initial market entry phases. With agricultural and food products, they should consider investing in cold storage facilities and distribution centres at major ports to serve multiple product categories, helping reduce costs and give Vietnamese firms more control over market access.
However, success in the US market requires strict compliance with trade regulations. Vietnamese businesses must carefully navigate potential trade defence and tax evasion measures as well as other restrictions that the US might implement to support domestic production.
Last year, two-way trade exceeded 132 billion USD, with Vietnamese shipment to the US worth nearly 119 billion USD, marking a 23.3% increase from 2023. Key Vietnamese exports to the US market included footwear, wooden furniture, machinery, and optical equipment./.
Statistics showed that since 2024, there have been 27 documented cases involving Sunview raisins, resulting in fines of over 536 million VND (21,440 USD), primarily due to the sale of smuggled goods and products of unclear origin.
A bilateral agreement between the Vietnamese and US Governments regarding anti-dumping duties on Vietnamese fish fillets was signed on January 20, marking the end of relevant disputes in Case DS536 at the World Trade Organisation (WTO).
A workshop themed US-Vietnam Getting to Net-Zero: Roadmap to Sustainable Industrial Development was held in Ho Chi Minh City on January 14 by the US Commercial Service in the city, in partnership with the International Financial Centre (IFC) and Saigon Tel.
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.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
