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.
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.
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.
Despite growing uncertainty in global trade, Việt Nam is on track to maintain solid economic growth through 2025 and beyond, according to the latest ASEAN+3 Regional Economic Outlook (AREO) from the ASEAN+3 Macroeconomic Research Office (AMRO).
“The SBV also needs to effectively use management tools to appropriately regulate foreign exchange rates and interest rates with an aim to meet capital needs for the economy and maintain stability in the monetary, foreign exchange and gold markets, besides...
This is a critical time to intensify efforts against origin fraud and illegal transshipment, as some foreign exporters have taken advantage of Việt Nam as a transshipment point to reroute goods and avoid trade remedies in third countries.