The US Department of Agriculture evaluates Vietnam as a highly potential agricultural market, importing strongly from fruits, dairy, corn, and soybeans to cotton and ethanol.

In a recent report, the US Department of Agriculture (USDA) evaluated that Vietnam continues to be one of the most potential agricultural export markets of the US thanks to high economic growth, an expanding middle class, a developing food processing industry, and growing consumer demand for high-quality products.

According to the USDA, the US is currently the second-largest agricultural supplier to Vietnam with a 13.4% market share, standing only behind China (13.5%).

Many US agricultural commodity groups recorded positive growth in the Vietnamese market in 2025. Fresh fruit exports reached 91.1 million USD, within which apples (47.1 million USD), cherries (19.6 million USD), grapes (17.6 million USD), and other fresh fruits (1.7 million USD).

Exports of dairy and dairy products reached 149.2 million USD, up 18%, making the US the 3rd largest supplier to Vietnam. Meanwhile, poultry meat reached an export turnover of 113 million USD, continuing to top the Vietnamese market and expected to grow thanks to import tariff reduction policies.

For the production raw materials group, US soybean exports to Vietnam reached 581 million USD, up 20%; corn exports rose sharply to 394 million USD.

Notably, Vietnam became the largest cotton export market of the US with a turnover of 1.3 billion USD, up 122% compared to the previous year. Besides, forestry product exports reached 747 million USD, up 114%, while seafood reached 114 million USD, up 77%.

The USDA also evaluated that Vietnam's nationwide deployment of E10 gasoline starting from June 1 will open up massive opportunities for US ethanol exports. In 2025, the US was the largest ethanol supplier to Vietnam with a turnover of 4.3 million USD, occupying a 58% market share. Previously, Vietnam also reduced Most Favored Nation (MFN) import tariffs on ethanol from 10% down to 5%.

According to the International Energy Agency (IEA), Vietnam's ethanol consumption demand is projected to reach around 2.9 billion gallons (equivalent to around 11 billion liters) this year and continue to rise in the coming years.

The US Department of Agriculture stated that Vietnam has signed many free trade agreements (FTAs) with large partners such as the EU, Japan, South Korea, the UK, and the CPTPP, while the US currently has not yet participated in an FTA with Vietnam, causing many US agricultural products to suffer tariff disadvantages compared to competitors.

However, bilateral trade relations are showing many positive signals. In 2025, Vietnamese Government agencies signed 20 memoranda of understanding worth around 3 billion USD to purchase US agricultural and forestry products.

The two countries are also continuing to negotiate a reciprocal trade framework, heading toward expanding market access and reducing barriers against US agricultural products.

Source: Bao dien tu Dan Tri