Vietnam’s Ministry of Industry and Trade announced on Friday that the White House had published a decree signed by President Donald Trump adjusting reciprocal tariffs.

Containers at the Lach Huyen Port in Hai Phong City on Jan. 20, 2025.

According to the accompanying appendix, Vietnam is among the countries receiving a reduced tariff rate.

In late April, after the U.S. announced a postponement of the reciprocal tariff imposition and agreed to begin negotiations with Vietnam, Prime Minister Pham Minh Chinh established a government negotiation team led by the trade ministry and directed the formulation of a negotiation plan.

The ministry said during the negotiations, Vietnam and the U.S. made progress on a range of issues, including tariffs, rules of origin, customs procedures, agriculture, non-tariff measures, digital trade, services and investment, intellectual property, sustainable development, supply chains, and broader trade cooperation.

In the coming time, both sides will continue discussions and work toward finalizing a reciprocal trade agreement based on the principles of openness, constructiveness, equality, mutual respect, mutual benefit, and consideration of each country's level of development, the ministry said.

"The two sides will also strive to foster stable economic, trade, and investment relations that harmonize interests and reflect the spirit of the Vietnam–U.S. Comprehensive Strategic Partnership," it added.

According to data from U.S. Customs, two-way trade between Vietnam and the U.S. reached $149.7 billion in 2024. Vietnam exported $136.6 billion to the U.S. and imported $13.1 billion in return.

This resulted in a trade surplus of $123.5 billion for Vietnam, making it the U.S.'s third-largest trade surplus partner, following China and Mexico.

In the first five months of the year, two-way trade between Vietnam and the U.S. reached $77.4 billion, up 36.5% compared to the same period in 2024.

Vietnam’s exports to the U.S. totaled $71.7 billion, an increase of 37.3%, while imports from the U.S. reached $5.7 billion, up 30.7%.

Vietnam recorded a trade surplus of $64.8 billion with the U.S. during this period, up 29% year-on-year, ranking fourth globally, after China, Mexico, and Iceland.

Trade value reaches over 470 billion USD from January to mid-July

Of the total, exports were valued at 239.19 billion USD, up 14.7% over the same period in 2024, while imports reached 231.44 billion USD, up 17.7% year-on-year.

 

Trade unions accompany workers through practical actions

With a large workforce, Bac Ninh province consistently prioritises protecting and improving the lives of labourers through concrete, practical initiatives. 

Viet Nam, UK boost economic, trade ties

The meetings of the Viet Nam–UK Joint Economic and Trade Committee (JETCO) and the UK–Viet Nam Free Trade Agreement (UKVFTA) Trade Committee have delivered positive outcomes, helping to strengthen bilateral economic ties, resolve trade barriers, and create a more favourable business environment for enterprises from both countries.

 

Viet Nam, Pakistan seek sustainable trade growth

Viet Nam and Pakistan reaffirmed their commitment to advancing new initiatives and deepening practical, sustainable trade relations at the fifth meeting of the Viet Nam-Pakistan Joint Subcommittee on Trade in Ha Noi on July 11.

 

Viet Nam–China rail freight boosts ASEAN–China trade exchange

Freight transport via Viet Nam–China cross-border trains is bustling with impressive growth figures that have further driven trade exchanges between Viet Nam and China, as well as ASEAN countries in general.

 

Cross-border tourism, trade rebound at Huu Nghi int’l border gate

Statistics show that over 1.24 million people have completed immigration procedures at the Huu Nghi International Border Gate since January, including more than 430,000 with passports (up 5.8%) and over 810,000 with travel permits (up 22.5%). Most travellers are Chinese and Vietnamese citizens crossing for tourism, family visits, or business purposes.