The US Has Finalized a $14 Billion Order for Vietnam’s ‘Gold Mine’: A Zero-Tariff, 5th Largest Global Player.

According to preliminary statistics from the General Department of Vietnam Customs, exports of computers, electronic products, and components earned over $9.1 billion in May, a 12.4% increase from the previous month.

As of the end of May, this group of products achieved the highest export turnover among all export commodities in the country, reaching $38.4 billion, a 39.7% increase compared to the same period last year.

The significant growth was largely attributed to the United States, which remains the largest export market for this group of products from Vietnam. In the first five months of the year, export turnover to the US reached $14.6 billion, a 63% increase compared to the same period in 2024. The US alone accounted for a nearly 80% increase in imports in May.

This group of products also accounted for the highest export value among all commodities exported to the US, making up more than 25% of the export turnover.

It is worth noting that Vietnam’s export turnover to the US market in the first five months of 2025 exceeded $57.2 billion, with a trade surplus of $49.9 billion. This indicates a positive growth in Vietnam’s exports to the US, taking advantage of the 90-day tariff suspension granted by President Donald Trump.

Currently, more than half of Vietnam’s export value to the US consists of high-tech products (consumer electronics, smartphones), garments, and footwear, with the remaining comprising other products such as furniture and agricultural produce.

Prior to this, on the night of April 11, Washington time, the Trump administration officially excluded smartphones, computers, and other electronic devices from the list of reciprocal tariffs. The announcement was made by the US Customs and Border Protection, the agency responsible for collecting tariffs.

Specifically, smartphones, certain types of computers, hard drives, computer chips, and memory chips will be exempt from retaliatory tariffs. Products manufactured in China will also not be subject to the 125% tariff that the Trump administration is imposing on goods from the world’s second-largest economy. These key products are mostly not produced in the US. Building a domestic production chain for these items would take years and incur significant costs.

However, analysts warn that this tax exemption policy may only be temporary. This exemption stems from the initial regulation to avoid overlapping taxes, but it also leaves open the possibility that these products will soon be subject to a different tariff—albeit a lower one, especially for Chinese goods.

Computers and components have surpassed phones to become the largest export industry since 2023 and continue to lead today. While electronic exports, including computers and components, accounted for only 4.8% of total export turnover in 2011, that figure doubled to 9.6% in 2015 and has since maintained a level above 10%.

The export growth prospects for the electronics industry, including computers and components, are becoming increasingly clear as Vietnam has been and continues to be the investment destination of choice for major global technology corporations. Currently, tech giants such as Samsung, LG, Foxconn, Fukang Technology, LG, Canon, Intel, Compal, Pegatron, and Luxshare have a strong presence in Vietnam with billion-dollar factories, enhancing the country’s production capacity and solidifying its position as a critical link in the global value chain for this industry.