Economic and Trade Relations

2020 marks the 25th anniversary of the establishment of diplomatic relations between the United States and Vietnam. Since 1995, U.S.-Vietnam economic and trade relations have rapidly expanded. Just last year, the United States was Vietnam’s 2nd largest trading partner (after China) and Vietnam was the United States’ 13th largest trading partner.[1] In 2019, bilateral trade between the two countries increased by almost 32% and the U.S. trade deficit with Vietnam rose to approximately $56 billion, which is an increase of 42% over 2018.[1]

Trade

Total merchandise trade between Vietnam and the United States has risen $1.5…

Rep. Ted S. Yoho (FL)

Congressman Ted S. Yoho (R-FL), DVM Former Lead Republican on the House Foreign Affairs Subcommittee on Asia, the Pacific, & Nonproliferation.

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