The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.

The US remained Vietnam’s largest market, accounting for 55% of the country's total wood exports. Key products include wooden furniture, plywood, doors, and handicrafts.

The US trade deficit with Asia is widening as importers stock up ahead of President Donald Trump’s “reciprocal” tariffs deadline.

As US tariffs continue to pressure global trade, Vietnamese businesses are undergoing a comprehensive transformation, from supply chains and production to markets and services, to adapt and stay competitive.

CBAM, a policy tool designed to prevent "carbon leakage" – where companies move production to countries with laxer environmental regulations to avoid carbon costs – imposes a carbon fee on goods imported into the EU based on the carbon emissions generated during their production.

Anti-dumping duties will continue to be imposed on producers from China and Japan while those on relevant exporters from the RoK and Vietnam will be terminated, starting from June 23.

Deputy Prime Minister Nguyen Hoa Binh says that Vietnam and the US are actively negotiating on tariffs, adding that "we will do everything possible to ensure the 46 percent tariff on Vietnamese goods does not materialize.”

In the first five months of the year, the two-way trade turnover reached more than 16.23 billion SGD, 28.07 per cent higher than that of the same period last year.

According to the Department of Customs, Viet Nam’s fruit and vegetable export turnover in May 2025 was estimated at over 496 million USD, representing a 33.5% decrease compared to the same period in 2024.

The 90-day pause on Trump’s 46 per cent tariff on Vietnamese exports offers Hanoi short-term relief but underscores its vulnerability to US trade pressures.