Vietnam exports up as US tariff threat lingers

Vietnam, a large centre for planetary brands producing shoes and clothes, says it is making advancement successful talks with Washington to caput disconnected Trump's threatened 46 percent levy. Photo: Huu Kha / AFP/File
Source: AFP

Vietnam's exports roseate sharply past month, authoritative figures showed Friday, arsenic the communist state tries to negociate alleviation from swingeing tariffs threatened by US President Donald Trump.

May exports stood astatine $39.6 billion, according to information from the General Statistics Office, up 17 percent connected the aforesaid play a twelvemonth ago, portion the year-to-date full reached $180.2 billion, 14 percent higher than successful 2024.

Vietnam, a large centre for planetary brands producing shoes and clothes, says it is making advancement successful talks with Washington to caput disconnected Trump's threatened 46 percent levy.

The Southeast Asian manufacturing hub has the third-biggest commercialized surplus with the United States aft China and Mexico, putting it successful the firing enactment for Trump's "Liberation Day" planetary tariff blitz.

Vietnam's wide import-export turnover stood astatine $78.6 cardinal successful May, 15.5 percent higher than the aforesaid period past year.

Imports were up by 14.1 percent twelvemonth connected twelvemonth to basal astatine $39 cardinal successful May.

Processed concern goods dominated exports, portion imports were led by accumulation materials.

Despite the tariff uncertainty, the United States remained Vietnam's fig 1 export marketplace with $57 cardinal successful the archetypal 5 months of 2025 -- up from $44 cardinal implicit the aforesaid play a twelvemonth ago.

Vietnamese and US commercialized negotiators gathering successful Paris this week agreed to measurement up the gait of their talks.

Vietnam has signed respective agreements to bargain hundreds of millions of dollars' worthy of cultivation products and different earthy materials from the United States arsenic it seeks to rebalance their trading partnership.

Trump's existent property radical besides broke crushed past period connected a $1.5-billion luxury play edifice successful Vietnam, portion his lad Eric Trump has been scouting locations for a imaginable operation task successful Ho Chi Minh City, the country's confederate business hub.

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Source: AFP