Vietnam is now the second largest supplier of apparel, footwear, and travel goods to the US market (Photo: baodautu.vn)
Hanoi (VNA) - Vietnam is currently the 10th largesttrading partner of the United States and an important link in this country'ssupply chain.
Recently, 90 CEOs of leading US companies have urgedPresident Joe Biden to accelerate the donation of vaccines to Vietnam as it battlesits most serious COVID-19 outbreak, Dau tu (Investment) online newspaprer reported.
In a letter sent to the US President, the CEOs of companieslike Adidas, Coach, Gap, Hanesbrands, Nike, VF and Under Amour have emphasizedthat Vietnam is an important economic and supply chain partner of the US.
Vietnam “is now the second largest supplier of apparel,footwear, and travel goods to the US market. Further, Vietnam has become amajor supplier of crucial inputs for America’s small but important footwearmanufacturing industry,” the letter said, adding about 3 million US workers areconnected - through the value chains - to many millions more in Vietnam.
“The health of our industry is directly dependent on thehealth of Vietnam’s industry,” the CEOs wrote.
The CEOs have asked President Biden to accelerate thedonation of vaccines and other materials to help keep Vietnam on a strongfooting so it can quickly recover, noting that the crisis of their employees inVietnam is also their crisis.
Twenty-six years after the normalisation of bilateralrelations, economic and trade ties between Vietnam and the US have seen greatprogress, with two-way trade hitting an all-time high of 90.8 billion USD in2020, up 19.8 percent year-on-year, despite serious impacts of the COVID-19pandemic.
Since the Vietnam - US Bilateral Trade Agreement (BTA) tookeffect in December 2001, two-way trade has continuously increased.
Bilateral trade was maintained in the first seven months of2021 as the US continued to be Vietnam's largest importer with a turnover of53.7 billion USD, up 37.7 percent year-on-year./.
US Vice President Kamala Harris launched the US Centers for Disease Control and Prevention (CDC) Southeast Asia Regional Office in Hanoi at a ceremony on August 25 during her three-day visit to the country.
Prime Minister Pham Minh Chinh has affirmed that Vietnam treasures ties with the US and wants to foster bilateral comprehensive partnership in a practical, effective and stable manner, for the sake of peace, cooperation and development in the region and the world.
Since the normalisation of bilateral relations in 1995, economic and trade ties between Vietnam and the US have seen great progress, with two-way trade hitting an all-time high of 90.8 billion USD in 2020, up 19.8 percent year-on-year, despite serious impacts of the COVID-19 pandemic.
The White House on August 25 issued a statement highlighting the enhancement of the US-Vietnam Comprehensive Partnership, affirming that US Vice President Kamala Harris’s visit to Vietnam signifies the US’s deep commitment not only to the region, but also to the US-Vietnam relationship.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Vietnam is now the second largest supplier of apparel, footwear, and travel goods to the US market (Photo: baodautu.vn) 
