Increased trade and investment between Vietnam and the United States.

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 advanced technology products.

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

For Dong Nai province, 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 technologies are key priorities for Dong Nai.

Vietnam's major export and import markets.

In 1995, when the two countries normalized relations, bilateral trade was only about $450 million. By 2024, total bilateral trade reached nearly $150 billion, with Vietnam's exports to the United States accounting for nearly $130 billion. Thus, from 1995 to 2024, trade between the two countries has increased approximately 300 times. In the first half of 2025 alone, the United States was Vietnam's largest export market, accounting for $70.9 billion out of a total export value of over $219.8 billion.

Similarly, in Dong Nai province , in the first seven months of 2025, export turnover reached nearly 17.9 billion USD, an increase of 17.36% compared to the same period in 2024. Of this, the United States was also the largest market with nearly 6.3 billion USD, accounting for almost 35.1% of the export value.

Dong Nai established the Vietnam-US Friendship Association in 2018 with over 400 members and 3 affiliated branches; it organizes many events to promote exchange, connection, and deepen relations between the two countries.

Previously, Vietnam primarily exported processed industrial goods to the US market, such as textiles, footwear, and wood products, on order from foreign companies. Currently, the list of important export items to the US includes processed and manufactured industrial goods, as well as agricultural, forestry, and aquatic products with increasingly high levels of processing and added value. Simultaneously, Vietnam also imports many goods from the US with high technological content and added value, and raw materials used as inputs for production, such as computers, electronic products, and components.

Vinastar Technical Plastics Manufacturing and Trading Company Limited (Trang Dai Ward, Dong Nai Province) is one of the supporting industry enterprises whose products are exported to demanding markets such as Japan and the United States. Mr. Mai Khanh, the company's director, shared: This achievement is thanks to the company's efforts in technological innovation and the application of advanced production processes, thereby improving product quality.

According to experts, the structure of exports and imports between Vietnam and the United States shows a very important characteristic of bilateral economic and trade relations: the complementary nature of the two economies. Although the current 20% tariff imposed by the US on Vietnamese goods is creating pressure, it also presents an opportunity for domestic businesses to transform and adapt better to the market.

Attracting investment and expanding cooperative relationships.

Currently, the United States ranks 11th among the largest foreign investors in Vietnam with a total registered capital of nearly $12 billion. US investment not only brings technology, but also governance standards, ESG (Environmental, Sustainable, and Global Market) principles, and connections to the global market. The presence of major corporations such as Boeing, Apple, and Intel demonstrates confidence in the investment environment in Vietnam.

Wood is one of the commodities that Dong Nai province exports in large quantities to the United States. Photo: Vuong The

In Dong Nai province, there are 34 US investment projects with a total capital of over $416 million, ranking 7th among more than 50 countries and territories investing in the province. These US projects mainly focus on processing industries and high technology, contributing to the province's socio-economic development.

On July 28th, at Nhon Trach 1 Industrial Park (Nhon Trach commune, Dong Nai province), Coherent Group (with investment capital from the United States) held the inauguration ceremony for its manufacturing plant.

Gary Kapusta, Executive Vice President and Global Supply Chain Director of Coherent Group, said: “The group began operating 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 components.”

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

Besides economic cooperation, the two countries are also promoting people-to-people exchanges and collaboration in education, science, and technology.

Ms. Anne Benjaminson, Acting U.S. Consul General in Ho Chi Minh City, shared: “The relationship between the United States and Vietnam in general, and with Dong Nai in particular, has seen significant cooperation in the areas of economics, education, health, and tourism. Close cooperation to address related challenges will be the foundation for a continued strong and thriving friendship; this is evidenced by the upgrading of the comprehensive strategic partnership in 2023.”

King

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