Increasing Vietnam - US trade and investment

After 30 years of establishing diplomatic relations, Vietnam and the United States have had a large and rapidly growing economic trade relationship. The United States is Vietnam's largest export market and also an important import market for our country with advanced technology products.

Deputy Prime Minister Nguyen Chi Dung (middle) and delegates perform the inauguration ceremony of Coherent Group's factory in Nhon Trach 1 Industrial Park. Photo: Vuong The

For Dong Nai, exports to the United States account for 32-33% of the province's total export turnover. Economic cooperation and attracting investment from US businesses with new, high-quality technology are what Dong Nai is interested in.

Vietnam's major import and export markets

In 1995, when the two countries normalized relations, two-way trade turnover only reached about 450 million USD. By 2024, the total two-way trade turnover reached nearly 150 billion USD, of which Vietnam's exports to the United States were nearly 130 billion USD. Thus, from 1995 to 2024, trade growth between the two countries increased about 300 times. In the first half of 2025 alone, the United States was Vietnam's largest export market with 70.9 billion USD out of a total of more than 219.8 billion USD in export turnover.

Similarly, in Dong Nai , in the first 7 months of 2025, export turnover reached nearly 17.9 billion USD, an increase of 17.36% over the same period in 2024. In which, the United States is also the largest market with nearly 6.3 billion USD, accounting for nearly 35.1% of export value.

Dong Nai established the Vietnam - US Friendship Association in 2018 with more than 400 members and 3 affiliated branches; organized many events to exchange, connect, and deepen relations between the two countries.

Previously, Vietnam mainly exported to the US market industrial products processed according to orders from foreign companies such as textiles, footwear, wood, etc. Currently, in the list of important export products to the US, there are groups of processed and manufactured industrial products, agricultural, forestry and fishery products with increasingly high levels of processing and added value. At the same time, Vietnam also imports many products from the US with high technology content and added value and groups of raw materials used as inputs for production such as: computers, electronic products and components, etc.

Vinastar Technical Plastic Production and Trading Company Limited (Trang Dai Ward, Dong Nai Province) is one of the supporting industry enterprises with products exported to demanding markets such as Japan and the United States. Mr. Mai Khanh, Director of the company, shared: This is thanks to the company's efforts to innovate technology, apply advanced processes to production, thereby improving product quality.

According to experts, the import and export structure between Vietnam and the United States shows a very important feature of bilateral economic and trade relations, which is the complementary nature of the two economies. Although the current imposition of a 20% tax rate from the United States on Vietnamese goods is creating pressure, this is also an opportunity for domestic enterprises to transform and adapt better to the market.

Attracting investment and expanding cooperation

Currently, the United States ranks 11th among the largest foreign investors in Vietnam with a total registered capital of nearly 12 billion USD. US investment capital not only brings technology, but also governance standards, ESG and connections to the global market. The presence of large corporations such as Boeing, Apple, Intel... shows confidence in the investment environment in Vietnam.

Wood is one of the products Dong Nai province exports a lot to the United States. Photo: Vuong The

In Dong Nai, the province has 34 US investment projects with a total capital of more than 416 million USD, ranking 7th among more than 50 countries and territories investing in the province. US projects focus mainly on the processing and high-tech industries, contributing to the socio-economic development of the province.

On July 28, at Nhon Trach 1 Industrial Park (Nhon Trach commune, Dong Nai province), Coherent Group (invested capital from the United States) held the inauguration ceremony of its factory here.

Gary Kapusta, Executive Vice President, Global Supply Chain Director of Coherent, said: The Group began operations in Vietnam more than a decade ago and now has its first factory in Dong Nai as part of a $1 billion investment plan in the province. To date, Coherent has employed more than 2,000 people in Vietnam and Vietnam plays a central role in global manufacturing, product development and innovation in photonics and semiconductor technology.

According to Provincial Party Committee member and Vice Chairwoman of the Provincial People's Committee Nguyen Thi Hoang, Dong Nai continues to strongly attract foreign investment, including US enterprises. The province always creates favorable conditions for enterprises in investment and business cooperation, especially in the fields of high technology, energy and logistics.

Besides economy, the two countries also promote people-to-people exchange, cooperation in education, science and technology.

Ms. Anne Benjaminson, Acting Consul General of the United States in Ho Chi Minh City, shared: The relationship between the United States and Vietnam in general and with Dong Nai in particular has witnessed significant cooperation in the fields of economy, education, health and tourism. Close cooperation to address related challenges will be the basis for the friendship to continue to grow strongly; this is demonstrated by the upgrading of the comprehensive strategic partnership in 2023.

King World

Source: https://baodongnai.com.vn/kinh-te/202508/gia-tang-thuong-mai-va-dau-tu-viet-nam-hoa-ky-08d1d6a/