Twenty-seven years after the establishment of bilateral relations in 1995, the United States and Vietnam are trusted partners with a friendship grounded in mutual respect. U.S.-Vietnam relations have become increasingly cooperative and comprehensive, evolving into a flourishing partnership that spans political, economic, security, and people-to-people ties. The United States supports a strong, prosperous, and independent Vietnam that contributes to international
Twenty-seven years after the establishment of bilateral relations in 1995, the United States and Vietnam are trusted partners with a friendship grounded in mutual respect. U.S.-Vietnam relations have become increasingly cooperative and comprehensive, evolving into a flourishing partnership that spans political, economic, security, and people-to-people ties. The United States supports a strong, prosperous, and independent Vietnam that contributes to international security; engages in mutually beneficial trade relations; respects human rights and the rule of law; and is resilient in the face of climate and energy-related challenges. Relations are guided by the 2013 U.S.-Vietnam Comprehensive Partnership, an overarching framework for advancing the bilateral relationship, and Joint Statements issued by our two countries’ leaders in 2015, 2016, and in May and November 2017. In 2020, Vietnam and the United States commemorated 25 years of diplomatic relations between the two countries, renewing their commitment to strengthened cooperation.
In an effort to build Vietnam’s self-reliance, the United States works to spur further growth and trade competitiveness, combat pandemic threats, promote renewable energy, address war legacy issues, and conserve Vietnam’s forests and biodiversity.
Bilateral Economic Relations
Since entry into force of the U.S.-Vietnam bilateral trade agreement in 2001, trade between the two countries and U.S. investment in Vietnam have grown dramatically. The United States and Vietnam have concluded a trade and investment framework agreement; they also have signed textile, air transport, customs, and maritime agreements. U.S. exports to Vietnam include machinery, computers and electronics, yarn/fabric, agricultural
Since entry into force of the U.S.-Vietnam bilateral trade agreement in 2001, trade between the two countries and U.S. investment in Vietnam have grown dramatically. The United States and Vietnam have concluded a trade and investment framework agreement; they also have signed textile, air transport, customs, and maritime agreements. U.S. exports to Vietnam include machinery, computers and electronics, yarn/fabric, agricultural products, and vehicles. U.S. imports from Vietnam include apparel, footwear, furniture and bedding, agricultural products, seafood, and electrical machinery. U.S.-Vietnam bilateral trade has grown from $451 million in 1995 to nearly $113 billion in 2021. U.S. goods exports to Vietnam were worth over $10 billion in 2020, and U.S. goods imports in 2020 were worth $79.6 billion.
The Investment Climate Statements analyze a variety of economies that are or could be markets for U.S. businesses and provide information on the business climates.
Since July, 2021 the United States has donated 40,851,050 safe and effective COVID-19 vaccine doses with the people of Vietnam. This includes 34,850,790 Pfizer and 6,000,260 Moderna doses. Of the 40,851,050 vaccine doses, 100% were donated in partnership with COVAX.
The United States is committed to leading an international and coordinated effort to accelerate access to safe and effective COVID-19 vaccines to meet global needs. The United States is working with other governments and partners including COVAX, Caricom, and the African Vaccine Acquisition Trust (AVAT) to protect communities from COVID-19 and apply lessons from this pandemic to enhance health security now and in the future.
![Vietnam [Shutterstock]](https://www.state.gov/wp-content/uploads/2019/04/Vietnam-2522x1406.jpg)
