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U.S. trade data released on Thursday showed the country's deficit with Vietnam reached $102 billion in the first ten months of this year, nearly a 20% increase over the same period in 2023.
Vietnam's GDP grew by 7.09% in 2024, ahead of government forecasts of 6.5%. Yet Vietnam's trade surplus with the U.S. could put it at risk of new tariffs.
HANOI (Reuters) -Vietnam faces trade volatility with a new Trump presidency, officials and supply chain experts told Reuters, as the country could benefit from increased U.S.-China trade tensions ...
The bilateral trade between the U.S. and Vietnam grew slowly afterwards, and it has developed rapidly after the signing of the U.S.-Vietnam Bilateral Trade Agreement in December 2001. [3] Total bilateral trade turnover has increased 1200% from $1.5 billion in 2001 to over $20 billion in 2011. [ 4 ]
The Vietnam General Confederation of Labour (VGCL) is the sole national trade union center in Vietnam.It was founded 29 July 1929 as the Red Workers' General Union in Northern Vietnam, and extended into the entire country after the collapse of South Vietnam in 1975.
After approval by the Council of Ministers, major trade programs were announced at national party congresses. The trade program announced in 1986 at the Sixth National Party Congress called for export growth of 70 percent during the Fourth Five-Year Plan. [1] Closer linkages between trade and general economic planning in the 1980s had mixed ...
Vietnam's large trade surplus with the United States may reignite tensions with Washington in the event of a second Trump presidency, analysts warned, as exports of solar panels and other ...
The former Ministry of Trade has its origins in 1945 with the formation of the modern National Unification Cabinet, and became a ministry in its own right in 1955. [1] The Ministry of Trade merged with the Ministry of Industry in 2007 to form the Ministry of Industry and trade. The current Minister of Industry and Trade is Nguyễn Hồng Diên.