Among the seven countries surveyed by S&P Global in July, Vietnam led with a PMI of 52.4, well above the ASEAN average of 50.1. New export orders rose for the fourth straight month, reaching their fastest growth rate since November 2024.
The success of selling Vietnamese lychees at retail chains such as Safeway and Costco highlights the potential of Vietnam’s high-quality farm produce exports.
Exporting enterprises should capitalise on Vietnam’s 17 FTAs covering over 60 countries and territories, along with 70 bilateral cooperation frameworks.
At the event, both sides acknowledged the current state of agricultural trade cooperation while sharing information about business needs and collaboration potential. The discussions opened concrete pathways to promote high-quality agricultural exports from Iowa to Vietnam and vice versa.
The planned merger of Can Tho with the neighbouring provinces of Hau Giang and Soc Trang is expected to open up new opportunities and unlock local potential, a municipal official has said.
Rather than focusing solely on increasing export value, Vietnamese businesses should shift toward higher market segments and promote service exports as the US tariffs target goods, not services, an expert has said.
A leader of the Vietnam Leather, Footwear and Handbag Association (Lefaso) highlighted that a 46% tariff would severely affect an industry employing over 1.2 million workers, 90% of whom are women.
Vietnam should continue bilateral negotiations with the US administration on major export commodities while guiding businesses in diversifying markets, attracting more US investments, and increasing purchases of goods from the US, an analyst has said.
Minister of Industry and Trade Nguyen Hong Dien has sent a diplomatic note requesting US authorities delay the tariff imposition to allow for constructive dialogue to seek a reasonable solution for both sides.
Vietnam's steel and aluminum products are renowned for their competitive prices and high quality, offering significant value to the US economy by helping curb inflation and fostering stronger bilateral trade ties, a point echoed by many importing nations.
The US is currently one of the largest trading partners of Vietnam, and the coming State visit by President Joe Biden is expected to help further promote bilateral trade links.
Deputy Minister of Industry and Trade Do Thang Hai has called on the US Department of Agriculture (USDA) to promote the approval process for irradiation facilities so as to facilitate the export of Vietnam’s fresh fruits to the US.
Vietnam and the US have recorded impressive growth in their relations over the past years but they are also facing many challenges, so their state agencies and enterprises should actively exchange views and cooperate to help bilateral partnerships achieve balance and sustainability, heard a trade forum in Ho Chi Minh City on November 17.
US businesses assess Vietnam as a potential market with a strategic location in the region, COVID-19 pandemic brought under control, a stable business environment, and an extensive network of free trade agreements (FTAs), Vietnamese Ambassador to the US Nguyen Quoc Dung has said.
After over five years of negotiations, the US Department of Agriculture has officially licensed the import of fresh pomelo from Vietnam, an official has said.
Vietnam is ready to keep frequent contact with the US to deal with emerging issues, an official from the Ministry of Foreign Affairs said on August 11 regarding an official US launch of an anti-circumvention investigation into steel pipe imported from Vietnam.
Prime Minister Pham Minh Chinh’s working visit to the US and the United Nations from May 11 to 17 will be an occasion for the two countries to discuss ways for obtaining harmonious and sustainable trade relations.
Vietnam has set a goal of achieving an average export growth rate of 6-7 percent in the 2021-30 period, following the Government's strategy on import and export released recently.
The People’s Committee of northern Bac Giang province and the Ministry of Foreign Affairs held a teleconference on March 29 to promote the export of lychee, a local specialty, to the US.
