Want to be in the loop?
subscribe to
our notification
Business News
VIET NAM-U.S. TRADE EXCEEDS US$100 BLN MARK OVER NINE-MONTH PERIOD
The two-way trade between Viet Nam and the U.S. beat the US$100 billion mark over the first nine months of 2024, reported the Ministry of Industry and Trade.
This is the fourth consecutive year the bilateral trade reaching over US$100 billion.
Of the figure, the Southeast Asian nation earned US$89.4 billion from exporting to the U.S., accounting for 29.8 percent of the nation's total export value and up 27.4 percent against the same period last year.
As of September, there were 13 key Vietnamese commodities with export value over US$1 billion each. Computers, electronics and spare parts took the lead with US$17.32 billion; followed by machines, equipment and tools with US$15.5 billion; and garment with US$12 billion.
Viet Nam spent US$10.9 billion on imports from the U.S. in nine months, up 6.2 percent.
Regarding the two nations' economic cooperation prospects, U.S. Ambassador to Viet Nam Marc E. Knapper said, when the U.S. and Viet Nam announced the comprehensive strategic partnership in September 2023, both countries' leaders reaffirmed the importance of economic, trade, and investment cooperation and innovation-driven, inclusive economic growth as core foundations of the relationship.
The potential in the U.S.-Viet Nam trade and investment relationship has never been brighter, he noted.
The level of bilateral goods trade between the U.S. and Viet Nam stands at US$124 billion annually, approximately 300 times greater than it was in 1995. Viet Nam is the U.S. ninth-largest trading partner, and the U.S. is Viet Nam's largest export market, highlighted the diplomat.
Meanwhile, President and CEO of the U.S.–ASEAN Business Council (USABC) Ted Osius, who is former U.S. Ambassador to Viet Nam, held that the two nations have witnessed thriving trade and economic cooperation after upgraded the bilateral relations to a comprehensive strategic partnership for peace, cooperation and sustainable development.
Delegation exchanges as well as investment and cooperation activities have been vibrant over the past year, he stressed.
American corporations have been interested in the Vietnamese market, which boasts a young and industrious population, and sound economic growth, he said, highlighting studies showed that the Vietnamese economy could expand 6.6 percent in the next decade.
Source: VCCI
Related News
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HÀ NỘI'S BUSINESSES URGE ACTION ON CAPITAL, LOGISTICS BOTTLENECKS TO BOOST EXPORTS
Business associations and enterprises in Hà Nội have urged the city to tackle bottlenecks in financing, logistics, infrastructure and regulations to improve competitiveness, expand production and support export growth, as the capital seeks to sustain double-digit economic expansion. Mạc Quốc Anh, vice chairman and secretary general of the Hanoi Association of Small and Medium Enterprises (Hanoisme), said exports were not simply about selling goods overseas but also reflected a company's production capacity, management, ability to meet international standards and reputation.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
PORT THROUGHPUT IN HẢI PHÒNG EXCEEDS EIGHT-MONTH TARGET
Ports in the northern city of Hải Phòng handled an estimated 134.34 million tonnes of goods in the first eight months of 2026, exceeding the eight-month target of 115 million tonnes by 16.8 per cent and rising 11.74 per cent year on year, equivalent to 56.2 per cent of the full-year plan. The strong performance followed a series of measures to optimise port capacity and improve the competitiveness of the city’s seaport system, with a focus on maximising the efficiency of the Lạch Huyện international gateway port as new berths came into operation.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
LÂM ĐỒNG BUILDS TRANSPORT INFRASTRUCTURE AS FOUNDATION FOR GROWTH
With its mountains, highlands and long coastline brought together under one administrative roof, the enlarged Lâm Đồng is now Việt Nam’s largest province by area – and a place where stronger transport links could help turn its diverse economic strengths into a more integrated engine of growth. Against this backdrop, the province is prioritising an integrated transport network to strengthen regional connectivity, expand development space and lay the foundation for sustainable socio-economic growth.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
VIETNAM LOGISTICS COSTS ACCOUNT FOR 16 PER CENT OF GDP
Speaking at a logistics conference on August 26, Ho Thi Quyen, deputy director of the Ho Chi Minh City Investment and Trade Promotion Centre, said that Vietnam is now home to more than 34,000 logistics companies, with the sector contributing around 4.5-5 per cent of GDP. However, logistics costs remain high at approximately 16 per cent of GDP.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
DOMESTIC DEMAND DRIVES STEEL GROWTH AS CONSTRUCTION GATHERS PACE
The steel industry recorded double-digit growth in both production and sales in the first seven months of 2026, while export remained more subdued, highlighting the increasing importance of domestic demand as public investment and construction activity expand. According to the World Steel Association, Việt Nam produced around 15.2 million tonnes of crude steel in the first half of 2026, up 26.9 per cent year-on-year, keeping the country among the world's 10 largest steel producers.
VIETNAM MONTHLY STATISTICAL DATA
INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN AUGUST OF 2026
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
Events Sponsors
