Products exhibited at the Investment and Trade Promotion Center in Ho Chi Minh City. — Photo nhandan.vn
HOI NOI — Trade cooperation between Vietnam and the United States presents both enormous opportunities and significant challenges, but Vietnam has entered a new phase of significant economic and foreign policy adjustments, with widespread implications for the entire world. expected to have an impact. Trade and investment activities.
Currently, the United States is Vietnam’s main trading partner, while the Southeast Asian country continues to attract high-tech investment from the United States, particularly in areas such as microchips and semiconductors.
According to statistics, two-way trade in 2024 amounted to about 132 billion USD. Of this, Vietnam’s exports to the United States increased by 23.3% to approximately $119 billion, while imports increased by 7.3% to more than $13 billion. As of November, the United States had more than 1,400 investment projects in Vietnam, with total capital approaching $12 billion.
Kevin Morgan, chairman of the U.S.-Vietnam Economic Council, said that although the details of new trade and tariff policies remain unclear under the new U.S. administration (President Donald Trump’s second term), companies should prepare for the following policies. He said it is wise to plan. Different scenarios to effectively continue operating in the market.
Experts argue that changes in US trade policy pose both opportunities and challenges for Vietnam, whose participation in a number of free trade agreements (FTAs) has become a key factor in strengthening export competitiveness. There is.
However, the United States’ complex legal framework means the market is inherently risky. To increase exports, Vietnamese companies should work with U.S. importers and distributors to explore flexible payment methods and risk-sharing mechanisms, especially in the early stages of market entry.
For produce and food products, companies should consider investing in cold storage facilities and establishing distribution centers at major U.S. ports that can handle a variety of product categories. This approach helps reduce costs and improve supply chain control when exporting to market.
Furthermore, experts predict that the new trade policy could affect Vietnamese businesses in areas such as trade, customs, technology, finance and investment. Therefore, domestic enterprises, especially small and medium-sized enterprises, need to stay aware of new trends, develop appropriate plans, and strengthen connections to facilitate future business collaborations. —VNS
