AsemconnectVietnam - According to the European and American Market Department, 2025 promises to be a year of strong growth in trade relations between Vietnam and the United States.

Vietnam's key export sectors such as textiles, wooden handicrafts, electronic machinery and equipment, and agricultural products will continue to maintain positive growth momentum.
The textile and garment industry’s exports are expected to reach 25 billion USD, growing thanks to the increasing demand for high-quality and environmentally friendly products.
Artistic wooden handicrafts, with strong growth potential, are predicted to reach 10 billion USD, an increase of more than 20% compared to 2024. The trend of consuming sustainable and recycled furniture products in the United States continues to be the main driving force behind this industry.
In addition, high-tech products such as electronic components and telecommunications equipment also contribute significantly to total export turnover, with the value expected to increase by 15-18% thanks to the expansion of production from corporations such as Samsung, Intel, and LG.
The agricultural and aquatic products industry, including key products such as shrimp, pangasius, and cashew nuts, is forecast to reach a turnover of over 7 billion USD. The stability of product quality and the ability to meet strict US food safety standards are key factors helping this industry continue to grow.
Commodities such as rubber and iron and steel are also expected to maintain stable growth, playing an important role in the US industrial production supply chain.
According to the European and American Market Department, analysis shows that Vietnam will continue to benefit from the global supply chain shift trend, in which Vietnam is considered an attractive destination thanks to its competitive labor costs, favorable investment environment and increasingly improved production capacity.
Consumers in the United States are shifting to using sustainable products, opening up great opportunities for Vietnamese enterprises to promote production innovation and increase supply chain value.
With positive trade forecasts, 2025 promises to be a year of strong development in trade relations between Vietnam and the United States, with total export turnover expected to reach about 125 to 130 billion USD.
However, to achieve these ambitious export targets, Vietnamese enterprises need to face and overcome a number of major challenges. Trade defense measures from the United States, especially in sectors such as textiles and steel, could increase pressure on exporters.
In addition, the requirement to comply with ESG standards and increasingly fierce competition from regional rivals such as China, Bangladesh and India also require businesses to invest heavily in technology and innovation to maintain a competitive advantage.
Mr. Do Ngoc Hung, Commercial Counselor, Head of the Vietnam Trade Office in the United States, said that the total two-way import-export turnover in the first 10 months of 2024 was 112 billion USD.
Vietnam's trade surplus with the United States was 102 billion USD, up by 26% over the same period and accounting for 29.5% of total export turnover. Vietnam is only behind China and Mexico in terms of trade surplus with the United States, accounting for 30% of total export turnover of ASEAN countries to the United States.
Mr. Hung commented that the viewpoint of the administration of President-elect Donald Trump is to return to the traditional energy sector, making the US a leading energy exporter. Therefore, we still have room to cooperate with the US in energy, especially in rare earth mining, helping to deepen economic and trade relations.
"The immediate task is to pay attention to solving the trade deficit, although this basically shows that the foreign trade structure of each country is complementary and not directly competitive. However, it is necessary to pay attention to the issue of labor, especially the Forced Labor Act," Mr. Hung noted and emphasized that the above factors could lead to the US Department of Commerce initiating an investigation, applying trade defense, as well as tax evasion on Vietnamese goods to prevent transshipment of goods as well as tax and origin fraud.
Therefore, Vietnamese enterprises need to pay attention to the origin of input materials for production and export. It is possible to consider importing raw materials from the United States, thereby balancing the trade balance. In addition, it is also necessary to improve technology, improve product quality, enhance competitiveness, and reduce product costs to create competitive advantages in the future.
CK
Source: VITIC/ haiquanonline.com.vn