In July 2025, an important trade agreement between Vietnam and the United States was announced, promising significant changes in bilateral trade relations, particularly for key industries, including renewable energy. This agreement not only creates opportunities for Vietnamese export businesses but also has substantial impacts on the renewable energy sector, especially as Vietnam strives for sustainable development and seeks to attract investments from major countries like the US.
Source: Diễn Đàn Doanh Nghiệp Magazine
Opportunities from the Trade Agreement
According to the new trade agreement, Vietnam will face a 20% tariff on goods exported to the US, significantly lower than the previous 46% tariff imposed by the US. This will help Vietnamese businesses maintain their competitiveness, particularly in the renewable energy sector, where wind and solar energy projects are rapidly developing.
Notably, with favorable tax policies, Vietnam continues to hold an advantage in attracting investment projects, especially from US companies seeking renewable energy sources to fulfill their commitments to reduce carbon emissions.
Benefits for the Renewable Energy Sector
Vietnam’s renewable energy sector will continue to receive significant attention from international investors, particularly in solar, wind, and energy storage projects. This trade policy creates a substantial opportunity for companies in the renewable energy sector to access the US market and other countries.
Moreover, maintaining the 20% tariff allows Vietnam to maintain its competitive position compared to China, where tariffs on renewable energy products are higher. This not only opens up new collaboration opportunities but also establishes a solid foundation for the long-term development of the renewable energy sector in Vietnam.
Source: Internet
Negative Impacts: Challenges to Face
Despite the significant benefits of the agreement, the 20% tariff still exerts certain pressures on exports and Vietnam’s GDP growth. It is projected that this tariff will reduce Vietnam’s GDP growth by approximately 1.2% in 2025. However, this is still a positive outcome compared to the previous scenario of a 46% tariff.
A major challenge that Vietnam faces is the issue of transshipment. Products transiting through Vietnam from other countries, particularly China, will be subject to tariffs of up to 40%. This requires Vietnam to implement strict control measures to ensure transparency in the supply chain, avoiding high tariffs on transshipped goods.
General Secretary To Lam Shares on the Trade Agreement
In a phone call with President Donald Trump on July 2, General Secretary To Lam welcomed the agreement reached by the negotiating teams of both countries on the Joint Declaration of Vietnam-US on the Framework of Reciprocal, Fair, and Balanced Trade Agreement. He also proposed that the US recognize Vietnam as a market economy and lift export restrictions on certain high-tech products.
General Secretary To Lam appreciated the interest and cooperation between Vietnam and the US in seeking fair and sustainable trade solutions.
Source: Diễn Đàn Doanh Nghiệp Magazine
Opportunities for the Renewable Energy Sector at Vietnam Energy Week 2025
With the US-Vietnam trade agreement in 2025, renewable energy businesses have a significant opportunity to access the US market and expand international cooperation. Vietnam Energy Week 2025 will be an ideal opportunity for companies to connect with strategic partners, explore sustainable technological solutions, and update on new trends in the industry.
The event is not only a showcase for products but also an opportunity for businesses to seek long-term collaboration, expand their customer and partner networks, and promote sustainable development in the energy sector.
Sự kiện không chỉ là nơi trưng bày các sản phẩm mà còn là cơ hội để các doanh nghiệp tìm kiếm cơ hội hợp tác lâu dài, mở rộng mạng lưới khách hàng và đối tác, đồng thời thúc đẩy sự phát triển bền vững trong ngành năng lượng.
Source: Vietnam Energy Week
Conclusion
The US-Vietnam trade agreement in 2025 opens up many significant opportunities for the renewable energy sector in Vietnam, particularly in maintaining competitive advantages and developing clean energy projects. However, Vietnam will also face significant challenges in overcoming tariffs and addressing transshipment issues. To maximize the benefits from this agreement, businesses in the renewable energy sector should not miss the opportunity to participate in Vietnam Energy Week 2025, where they can seek strategic partners and explore new technological solutions for sustainable development in the industry.
