News & Insights - FiinGate Website

Vietnam’s Export Structure to the United States: Navigating Tariff Pressures and Shaping Long-Term Strategy

The looming risk of increased tariffs imposed by the U.S. is creating significant pressure on Vietnam’s export activities. Foreign Direct Investment (FDI) enterprises which account for a dominant share of Vietnam’s exports to the U.S. may consider shifting product categories, target markets, or even reallocating investment capital. Meanwhile, domestic enterprises, particularly in sectors such as textiles and seafood, are likely to face substantial strain and require timely support to maintain production and safeguard social welfare.

This report by FiinGroup offers in-depth insights into the structure of Vietnam’s exports to the U.S., the potential impact of U.S. tariffs on export-oriented enterprises, and identifies industries that warrant prioritized attention and support during this period.

Key highlights from the report include:

Although Vietnam was among the countries with the highest trade surplus with the U.S. in 2024, domestic Vietnamese companies contributed only 21.6% of total export value to the U.S. market.

FDI enterprises from China, South Korea, and Taiwan currently dominate Vietnam’s exports to the U.S., accounting for over 50% of the total export value.

Domestic enterprises hold a dominant share only in the seafood sector. In most other industries, especially those requiring substantial technology and production capabilities, such as machinery and electronics, FDI enterprises contribute more than 50% of export value to the U.S.

Vietnamese domestic exporters to the U.S. are highly labor- and credit-intensive. Therefore, tariff policy changes could pose significant financial risks and threaten their ability to sustain operations, necessitating close monitoring.

To support exporters in proactively adapting to tariff fluctuations and fostering long-term export growth, the report recommends several actions:

The Government should consider accelerating credit support programs, trade promotion initiatives, and social security policies for sectors expected to be heavily impacted with a particular focus on supporting domestic enterprises.

FDI enterprises are encouraged to collaborate with Vietnamese businesses in negotiations, sharing challenges, maintaining production, and safeguarding supply chain continuity.

Financial institutions should adjust their credit policies, closely monitor sector-specific risks, and apply advanced data analytics to respond swiftly to market changes.

In the long term, Vietnam must focus on developing domestic production capacity, aiming for local enterprises to play a leading role in export activities. This includes expanding into high-tech industries and fully leveraging Free Trade Agreements (FTAs) to enhance international competitiveness.

👉 Download the full report HERE

13-May-2025

News

Business Insight #3: Vietnam's Forestry Sector at a Crossroads After Boom Years

The Vietnamese forestry sector showed robust growth from 2019 to 2022, but it now faces challenges such as slowing exports, financial difficulties, shifting overseas demand, and meeting legality standards, all of which are key hurdles as global economic volatility persists in 2023. Financial difficulties and stricter legal requirements in key markets present additional challenges. However, with coordinated efforts between the government and industry, the sector can overcome short-term struggles to regain competitiveness.

We respectfully introduce a special report synthesizing information about Vietnam's Forestry Sector. Kindly refer to our full report HERE

Contact us
Tel: (84-24) 3562 6962
Email:‎ support.fiingate@fiingroup.vn

21-Nov-2023

News

FiinGate Platform : A solution for Mitigating Financial Risks and doing business in Vietnam with confidence

In today's volatile market, businesses grapple with unprecedented challenges in maintaining their operations while minimizing business and financial risks. With persistent market disruptions, the demand for proactive measures has never been greater, and information stands as the ultimate key.

Our upcoming webinar will focus on the current state and risks for a key sector in Vietnam with the support of FiinGate - Vietnam's most comprehensive business information platform. We'll take a deep dive into how FiinGate effectively addresses the challenges presented by the current economic instability in a key industry in Vietnam.. Don't miss this opportunity to explore FiinGate's powerful risk mitigation capabilities with us.

Date & Time: 2:00 PM – 3:30 PM (Vietnam Time), Thursday, 2^nd November 2023

Language: English

Venue: Zoom Webinar (require registration)

MAIN TOPICS OF DISCUSSION

Introducing FiinGate - Vietnam's leading Business Information platform.
Showcasing FiinGate platform

Discussing the current state and risks for a key sector in Vietnam.
Showcasing how FiinGate helps to mitigate risks within the industry.

Panel Discussion

Mitigating foreign partner risk for Vietnamese entities.
Creating a screening list for the top companies in the industry.
Performing KYB (Know Your Business) verification for a company in the sector to determine its viability as a potential partner.
Assessing the risks and potential of the sector.
Creating and gaining insights into a supplier portfolio.
Comparing afirm with its peers.
Addressing a good/risky business.

Q&A Session

Speakers:

Nguyen Quang Thuan, FCCA – Chairman FiinGroup and FiinRatings
Pham Hong Hoang – Data Analytics Manager, FiinGroup
Nguyen Quoc Ha – Moderator - Business Development Manager, FiinGroup

Remember to submit your questions in advance on the registration page HERE. We will do our best to answer as many as possible.

We hope you can join us live, however, if you are unable to participate, you can still register to access the replay on-demand at your convenience.

This Webinar is provided on a complimentary basis but registration in advance is required.

About FiinGroup

Established in 2008, FiinGroup is a leading integrated service provider of financial data, business information, industry research, credit rating service, and other data-driven analytics services for the Vietnam market. FiinGroup entered a strategic capital and business alliance with NIKKEI Inc. and QUICK Corp. (Japan) in September 2014. We are serving more than 1,000 local and foreign financial institutions and corporations through our fintech platform as a service (PaaS), annual packages and on-call services.

19-Oct-2023

News