Since the establishment of diplomatic ties in 1992, Vietnam and Azerbaijan have witnessed increasingly positive developments in their bilateral relations, with economic and trade cooperation emerging as a highlight.

VOV.VN - 2024 saw Vietnam earn US$119.5 billion from its exports to the United States, with top 10 export commodities bringing in US$98.54 billion.

The Vietnamese Trade Office in Australia is actively negotiating with Australian agencies to introduce new Vietnamese products into this market, the office has said.

In 2024, Vietnam exported nearly US$51.7 billion worth of goods to the European Union, marking an 18.5% increase, equivalent to an additional US$8.08 billion compared to the previous year.

Vietnam-China trade reached US$19.66 billion in December 2024, according to the General Department of Customs.

The Vietnamese Business Association in the UK (VBUK) has announced plans to reshape the landscape of Vietnam-UK trade relations, focusing on driving business community forward, fostering its unity and strengthening connections with their Vietnamese partners both at home and abroad.

While Vietnam's exports to the US have bolstered GDP growth this year, domestic factors, including the Government’s increasing spending on infrastructure, real estate market recovery, and consumption, will help the country maintain its economic expansion at around 6.5% in 2025.

The economic and trade mechanisms between Vietnam and the US have shown efficiency throughout 2024, according to Do Ngoc Hung, trade counsellor and head of the Vietnam Trade Office in the American country.

Vietnam’s export products face a significant increase in the number of trade defence investigation cases this year on rising protectionism worldwide, according to the Ministry of Industry and Trade (MOIT).

Vietnamese export businesses need to prepare for the United Kingdom (UK)’s carbon border adjustment mechanism (CBAM), which will take effect from 2027.