Trade between Vietnam and the US reached over $22 billion in early 2025, despite a dip in exports, with key industries like textiles, electronics, and agriculture maintaining strong momentum. International buyers can access this growth through SourceVietnam.com, a trusted platform connecting them to reliable Vietnamese suppliers.
HÀ NỘI – The robust trade relationship between Vietnam and the United States continues to demonstrate its significance, with total trade surpassing $22 billion in the first two months of 2025. According to detailed data released by the General Statistics Office under the Ministry of Finance, Vietnam’s exports to the US reached $19.6 billion, while imports from the US saw a notable 17.4% year-on-year increase, totaling $2.6 billion. While exports experienced a 16.5% decline compared to the exceptional growth of the same period in 2024, the overall trade volume underscores the enduring strength of this bilateral partnership.
Key export sectors driving growth
Experts anticipate sustained positive growth in Vietnam’s key export industries throughout 2025, particularly in:
Textiles and garments
The US remains the largest market for Vietnamese textiles, accounting for approximately 40% of total exports. The industry is targeting $25 billion in exports to the US this year, driven by increasing demand for high-quality, sustainable, and ethically produced apparel. Vietnamese manufacturers are increasingly focusing on incorporating eco-friendly materials and advanced production techniques to meet evolving consumer preferences.
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Wooden furniture and handicrafts
Vietnam’s wooden furniture sector is experiencing significant expansion, with projected export turnover reaching $10 billion in 2025—a 20% increase from 2024. The growing US preference for sustainable and recycled furniture aligns perfectly with Vietnam’s increasing capacity to produce eco-conscious products. Furthermore, the rich tradition of Vietnamese handicrafts provides unique, high value products that are highly desired in the US market.
Electronic machinery and components
The high-tech sector is a critical driver of export growth, with projections indicating a 15-18% increase in electronic components and telecommunications equipment. The presence of major corporations like Samsung, Intel, and LG in Vietnam reinforces its position as a vital manufacturing hub for high-tech products. The increasing demand for electronics in the US, combined with Vietnam’s skilled workforce and competitive manufacturing costs, are significant contributing factors.
Agricultural products
Vietnamese agricultural products, including seafood, fruits, and rice, continue to gain traction in the US market. The application of advanced farming techniques and adherence to international quality standards are enhancing the competitiveness of Vietnamese agricultural exports. Continued investments in food safety and traceability are expected to further boost exports in this sector.
Government initiatives and policy framework
Deputy Minister of Industry and Trade Nguyễn Sinh Nhật Tân emphasized Vietnam’s role as a vital trade partner for the US at a recent government press conference. He highlighted that Vietnamese exports complement the US market, providing affordable, high-quality goods to American consumers without directly competing with domestic US industries.
The Vietnam-US Trade and Investment Framework Agreement (TIFA) establishes a crucial policy dialogue mechanism. The Vietnam-US Trade and Investment Council facilitates proactive discussions to address trade-related issues. The Vietnamese government is actively reviewing trade barriers and implementing solutions to address US concerns, ensuring a balanced and mutually beneficial trade relationship based on fair trade principles, reciprocity, and regulatory compliance.
Why international buyers should source from Vietnam through SourceVietnam.com
Vietnam has emerged as a premier sourcing destination for international buyers, offering a unique blend of competitive advantages:
- Strategic location and trade agreements: Vietnam’s strategic location in Southeast Asia, coupled with its extensive network of free trade agreements, provides access to a vast market and favorable trade conditions.
- Diversified manufacturing capabilities: From textiles and furniture to electronics and agriculture, Vietnam offers a diverse range of manufacturing capabilities, allowing buyers to source a wide variety of products.
- Competitive labor costs and skilled workforce: Vietnam boasts a competitive labor market with a skilled and adaptable workforce, ensuring cost-effective production and high-quality output.
- Focus on quality and sustainability: Vietnamese manufacturers are increasingly prioritizing quality control and sustainable production practices, meeting the growing demand for ethical and environmentally responsible products.
- Government support and investment incentives: The Vietnamese government actively promotes foreign investment and provides attractive incentives for international buyers, fostering a favorable business environment.
- SourceVietnam.com as the Ideal Partner: SourceVietnam.com provides a comprehensive platform that connects international buyers with reliable Vietnamese suppliers. We streamline the sourcing process, ensuring efficiency, transparency, and quality assurance. Our in-depth knowledge of the Vietnamese market and strong network of trusted partners make us the ideal choice for businesses seeking to source high-quality products from Vietnam.
By choosing SourceVietnam.com, international buyers can leverage Vietnam’s dynamic economy and gain a competitive edge in the global marketplace. We are committed to facilitating successful and sustainable sourcing partnerships, driving mutual growth and prosperity.
