Việt Nam is ready to further open its market and offer more incentives for US exports, hoping for reciprocal steps, Minister Nguyễn Hồng Diên told Senator Roger Marshall in Washington DC on June 11 (local time).
Marcus Yiu, Moody''s lead credit analyst for Asia, shares the agency''s latest views on Việt Nam’s sovereign rating and its economic outlook amid shifting US trade policies.
Thanks to a strong surge in exports, the trade balance for the second half of May posted a surplus of $2.94 billion, raising the total trade surplus for the first five months of this year to $4.67 billion.
Việt Nam’s garment and textile exports exceeded US$17.58 billion in the first five months of 2025, up 9 per cent compared to the same period last year.
According to market analysts, the medium-term uptrend remains intact, but the current correction is seen as a healthy phase for the VN-Index to consolidate momentum before potentially targeting the 1,398–1,418-point resistance zone in the weeks ahead.
The meeting took place as part of the ongoing intergovernmental negotiations aimed at building an agreement that aligns with the strategic interests of both parties, in accordance with the Việt Nam–US Comprehensive Strategic Partnership.
A Vietnamese delegation is visiting the US to strengthen bilateral trade relations and explore opportunities to expand imports of US agro-forestry-fishery products, in a move to balance bilateral trade.
The negotiations were characterised by goodwill, a frank and respectful dialogue, and a shared commitment to institutional integrity, mutual benefit and alignment with each country''s development level and international commitments.
Amid unpredictable fluctuations in US tariff policies, Vietnamese businesses must take a proactive and strategic approach to sustain their exports to this key market, experts emphasised at a workshop held in HCM City on May 9.
The conference underscored that while global tariff tensions are creating hurdles, they also present opportunities for Việt Nam to restructure its trade strategies, boost innovation and expand its global footprint.
Gaining a firm foothold in the domestic market of more than 100 million people is critically important to businesses as the domestic market, which, if properly leveraged, could help offset the decline in export orders.