Representatives from various Ministries, including Foreign Affairs, Finance, Construction, Agriculture and Rural Development, Science and Technology, as well as associations and export businesses in key sectors such as textiles, footwear, electronics, steel, aluminum, cashew, and mechanics, gathered for a conference hosted by the Ministry of Industry and Trade. The event also saw the participation of members of the Government Negotiation Delegation on trade issues with the United States and the Delegation’s support team.
– The US is a comprehensive strategic partner and a significant export market for Vietnam. Reciprocally, Vietnam is the 8th largest trading partner of the US. American consumers are familiar with and favor Vietnamese products for their quality and competitive pricing.
– Vietnamese goods do not directly compete with domestically produced American goods, thus not harming the interests of American manufacturers and businesses. Instead, they offer American consumers access to quality products at reasonable prices.
– Vietnam’s key export products to the US generally comply with US technical standards regarding specifications and origin. Vietnam is also prepared to address any concerns raised by US importers regarding products made in Vietnam.
– While the US market offers significant potential and advantages for Vietnamese goods, with its large scale and high annual growth rate, it is not the only market with such prospects. Vietnam has 17 free trade agreements with nearly 70 major economies worldwide, providing diverse opportunities for cooperation and trade with other countries and markets.
Through this conference, representatives from central ministries and functional units of the Ministry of Industry and Trade shared information on new regulations and policies in various global markets, provided updates on the US market, and acknowledged the challenges faced by industry associations and major exporters to the US market. They also took note of the associations’ and enterprises’ proposals to address difficulties and obstacles in production and export activities in the coming time.
“Vietnam Seeks to Purchase Large Quantities of Goods from the US: Minister of Industry and Trade”
“Vietnam is poised to be a significant buyer of American goods, equipment, and services, emphasized Minister of Industry and Trade Nguyen Hong Dien. The country’s demand for these imports is substantial, consistent, and of high value.”
The Great Tariff Tightrope: Strategies for Businesses to Navigate the Complex World of Tariffs.
The recent wave of import tariffs imposed by the US administration on China and a host of other countries is sending shockwaves through the business community. In Vietnam, large companies are realigning their operational and financial strategies to mitigate the risks that are beginning to spread.
Unlocking Opportunities: Minister of Industry and Trade Emphasizes on Removing Barriers for US Agro-Forestry-Aquatic Products
“Vietnam’s Minister of Industry and Trade, Nguyen Hong Dien, is taking swift and decisive action to remove technical barriers and open up opportunities for the country’s agricultural, forestry, and aquatic products in the lucrative American market. With a firm directive, Minister Dien underlines the urgency and importance of overcoming these hurdles, paving the way for a brighter future for Vietnam’s farmers, producers, and traders.”
A Bright Outlook for Exports to the US Market
In Q1 of 2025, Vietnam’s exports to the United States soared to a remarkable $31.4 billion, reflecting a 22% increase compared to the same period last year. Imports also witnessed a significant surge, reaching $4.1 billion, a 21% rise year-over-year.
“South Korea Optimistic About Reaching Trade Deal With US After Initial Talks”
Despite the optimism following the meeting, neither side disclosed details on the areas where an agreement could be reached.
