In the first two months of 2025, Vietnam–U.S. bilateral trade exceeded USD 22 billion, reaffirming the United States’ position as Vietnam’s largest export market.
Export Momentum Strengthens
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According to data from the General Department of Statistics under the Ministry of Finance, Vietnam’s exports to the U.S. reached USD 19.6 billion, down 16.5% year-on-year, while imports from the U.S. rose 17.4%, totaling USD 2.6 billion.
Experts forecast that in 2025, Vietnam’s key export industries — including textiles and garments, wooden furniture, electronic equipment, and agricultural products — will continue to expand strongly in the U.S. market, supported by growing consumer demand and green consumption trends.
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Textiles and Garments: Exports to the U.S. account for 40% of Vietnam’s total textile export value. The industry aims to reach USD 25 billion in U.S. exports in 2025, driven by the rising demand for high-quality, eco-friendly products.
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Wood and Handicraft Products: Expected to grow over 20%, reaching USD 10 billion in 2025, benefiting from the sustainable and recycled furniture trend among U.S. consumers.
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High-tech Products: Exports of electronic components and telecommunications equipment are projected to increase 15–18%, supported by expanded production from global corporations such as Samsung, Intel, and LG.
The United States Remains a Strategic Partner
At the February Government Press Conference, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tanemphasized that Vietnam is a key partner of the United States.
Vietnam’s exports to the U.S. primarily compete with third countries, not directly with U.S. domestic producers, thus providing American consumers with affordable, quality products.
Vietnam continues to pursue an open trade policy with low tariff differentials, and plans to further reduce MFN (Most-Favored Nation) tariffs on several goods, creating new opportunities for U.S. exports to Vietnam.
Products where the U.S. holds a strong competitive advantage — such as automobiles, agricultural goods, liquefied natural gas (LNG), and ethanol — are expected to benefit from these tariff reductions, contributing to a more balanced trade relationship between the two nations.
Institutional Cooperation Through the Vietnam–U.S. TIFA Framework
Vietnam and the U.S. have established a Trade and Investment Framework Agreement (TIFA) as a platform for regular policy dialogue.
This mechanism enables both sides to proactively address trade and investment issues through the Vietnam–U.S. Trade and Investment Council, ensuring continued cooperation and strengthening strategic trust.
The TIFA mechanism serves as an effective and stable foundation to foster a long-term economic and trade partnership, guide future cooperation, and support the sustainable development of bilateral relations.
Vietnam’s Commitment to Balanced and Fair Trade
The Vietnamese Government has tasked relevant ministries and agencies to review and resolve trade-related challenges, ensuring that all issues raised by the U.S. are addressed based on fair, reciprocal, and lawful trade principles.
This approach aims to create mutual benefits, reinforce policy transparency, and uphold Vietnam’s commitment to open, rules-based trade integration.