Vietnam exported US$112 billion worth of goods to the U.S. in the first nine months of 2025, up nearly 27% year-on-year despite the recent tariffs and the volatile global economy.
Shipments of machinery, equipment, tools, and parts increased by 30% to $14 billion, according to the General Department of Customs.
Textile and garment exports were up 20% at $16 billion thanks to high demand and a growing preference for non-Chinese suppliers.
Shipments of computers, electronic products and components rose sharply to $13.6 billion, driven by global tech corporations such as Samsung, LG, Foxconn, and Intel.
Exports of footwear increased by 15% to $8.6 billion and of wood and wooden products by more than 10 to $7.2 billion.
Many wood exporters said high-end furniture orders, especially from major retail chains such as Walmart, Costco and Home Depot, started flowing in again this year after a slow period due to the sluggish U.S. housing market.
The U.S. recently imposed tariffs of varying rates on all imports, and at 20% Vietnam is at the lower end of the spectrum.
To maintain exports to the country, Vietnamese businesses have been seeking out local suppliers, developing origin tracing systems and applying for sustainability certificates.
Nguyen Chanh Phuong, secretary general of the Handicraft and Wood Industry Association of HCMC, said Vietnamese firms were quick to adapt by ramping up the use of local materials. (explain clearly) ramping up the localization rate.
“Vietnamese products have competitive quality and price and are increasingly favored by U.S. consumers.”
Pham Van Viet, chairman and CEO of garment firm Viet Thang Jean, said his company’s exports to the U.S. were briefly hit by the tariffs but have since recovered after it took steps to improve transparency and traceability.
It also aims to boost its indigenization rate from 50% now to 85% in the next three years to meet origin criteria and become more competitive, he added.
Exporters said the rise in exports to the U.S. was also due to cooling inflation and higher consumer spending there and multinational corporations’ strategy to diversify their supply chains.
Given the current pace the Ministry of Industry and Trade has estimated that exports to the U.S. could reach a record of $125-130 billion this year, solidifying Vietnam’s position as the country’s second-largest trading partner in Southeast Asia after Singapore.
But industry associations have warned that the U.S. might intensify inspections to curb fraud and transshipment of goods from other countries, and could hike tariffs on certain products like steel, wood, batteries, and green energy goods.
Source: Vnexpress
13/10/2025