Amid unpredictable fluctuations in US tariff policies, Vietnamese businesses must take a proactive and strategic approach to sustain their exports to this key market, experts emphasised at a workshop held in Ho Chi Minh City on May 9.
Executive Director of the American Chamber of Commerce (AmCham) in Ha Noi Adam Sitkoff voiced his support the removal of all trade barriers between Viet Nam and the U.S.
Currently, the agreement covers a market of approximately 2.3 billion people, representing around 30% of the global population and GDP. Notably, five of its 15 members are members of the G20.
Viet Nam's trade with the rest of the world in January-March period reached US$202.5 billion, an increased of 13.7 percent from the same period last year.
Vietnam’s trade sector continues to be a driving force in economic growth, with total import-export turnover reaching an impressive 163 billion USD as of March 15, a 12% surge year-on-year.
Viet Nam is projected to rank among the top 30 globally in both trade-growth speed and absolute volume increase, the Business Times highlighted in its recent article.
Viet Nam’s total exports and imports in the first two months of 2025 hit US$127.07 billion, a year-on-year increase of 12 percent, reported the General Statistics Office (GSO).
Viet Nam stood out among its Southeast Asian peers last year with robust export growth, outpacing peer manufacturing hubs Malaysia and Thailand as the country benefited from supply chain shifts away from China, according to Nikkei Asia.
In 2024, Viet Nam issued 1.8 million certificates of origin (COs) for US$100 billion worth of goods exported to the members of free trade agreements to which Viet Nam is a signatory.