According to Vietnam Customs, two-way trade between Vietnam and the United States reached USD 137.42 billion by the end of August, maintaining strong growth momentum.
The United States remains one of Vietnam's most important export markets, accounting for around 32.1 per cent of the country's total exports.
Import and export goods at Cat Lai Port (Photo: Hai Long).
US statistics show that by the end of July, Vietnam had become the country's fifth-largest trading partner, rising five positions compared with the same period last year.
Investment ties between the two countries have also continued to strengthen.
By the end of July, the United States had 1,587 active investment projects in Vietnam with a combined registered capital of approximately USD 12.5 billion.
During the first seven months of the year, US investors registered around USD 437.6 million in new investment capital across 86 newly licensed projects, an increase of 67.9 per cent year on year.
Vietnamese investment in the United States has also expanded. By the end of April, Vietnam had 279 investment projects in the US with total registered capital of about USD 1.45 billion.
For many years, the United States has been one of Vietnam's leading foreign investors. Major US companies including HP, NVIDIA, FedEx, UPS and Excelerate Energy have expressed interest in expanding their operations and investment activities in Vietnam.
At the same time, Vietnamese companies such as FPT and VinFast are continuing to increase their investments in the United States.
In goods trade, Vietnam has developed into a major manufacturing hub and one of America's key trading partners. The country is a significant supplier of consumer electronics, furniture, semiconductors and components, clothing and footwear to the US market.
Meanwhile, key US exports to Vietnam include cotton, civilian aircraft and aircraft components, semiconductors and a wide range of agricultural products.
Against a backdrop of growing trade and investment ties, both countries are expected to continue building a stable, balanced and predictable economic and commercial partnership, helping to strengthen long-term confidence among businesses on both sides.
