越南对美出口创新高

Core Insights - Vietnam's trade surplus with the United States reached a record high of $121.6 billion in the first 11 months of 2025, marking a 27.5% increase year-on-year [3][4] - Despite a 20% import tariff imposed by the U.S. since August, Vietnam's exports to the U.S. continued to grow, with a total export value of $138.6 billion, up 27.3% year-on-year [4][5] - Vietnam's actual foreign direct investment (FDI) utilization reached $23.6 billion, an 8.9% increase year-on-year, the highest in five years [4][11] Trade Relations - The U.S. remains Vietnam's largest export market, with exports valued at $119.6 billion in 2024, resulting in a trade surplus of $104.6 billion, a 25.6% increase [6] - Vietnam's exports in November 2025 grew by 15.1% year-on-year to $39.1 billion, although this was below economists' expectations [6] - The U.S. and Vietnam are negotiating a bilateral trade agreement, with a framework established in late October 2025 [5][8] Foreign Direct Investment - Manufacturing and processing sectors attracted $19.56 billion in FDI, accounting for 82.9% of the total, while the real estate sector attracted $1.67 billion [11] - Singapore is the largest investor in Vietnam, with $4.29 billion, followed by China and Japan [12] - The industrial base in Vietnam is strengthening, with a significant shift towards high-value industries such as electronics and semiconductors [12] Economic Outlook - Emerging markets, including Vietnam, are expected to show resilience in exports despite tariff barriers, with GDP growth forecasts adjusted upward [8][9] - The demand for AI-related products is anticipated to drive exports in technology sectors, particularly in Vietnam, Malaysia, and Thailand [9] - The year 2026 is projected to be pivotal for Vietnam's industrial market, with improvements in production prospects and investment environments [12]