Vietnam's trade surplus with the U.S. expanded sharply in May as exports swelled and its imports from China also jumped, exacerbating sore points with Washington that could hurt Hanoi's efforts to avoid crippling tariffs.
Vietnamese businesses accompanying Minister of Agriculture and Environment Do Duc Duy on a six-day visit to the U.S. signed multiple agreements to import nearly $3 billion worth of American agricultural products.
U.S.-China trade talks in London this week are expected to take up a series of fresh disputes that have buffeted relations, threatening a fragile truce over tariffs.
Thanks to flexible and adaptive measures in management and production, Vietnam’s export turnover has maintained a solid growth momentum, contributing to the country’s broader economic targets.
When US President Donald Trump introduced sweeping new tariffs on Chinese imports the goal was to bring manufacturing back to American soil and protect local jobs.
As global markets demand greater sustainability, companies are facing pressure and opportunity to integrate environmental, social and governance (ESG) standards into long-term strategies, with stronger regulatory backing and sector-wide support.
The Austrian side welcomed and highly appreciated the delegation’s visit, affirming that Austria highly values its traditional friendship with Vietnam and considers Vietnam one of Austria's leading important partners in Asia.