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🇻🇳VN

Trade Guide: Vietnam

Vietnam is a CPTPP member alongside Mexico, offering preferential trade opportunities in manufacturing and textiles.

Key trade data

USD $7B

Annual bilateral trade

CPTPP

Shared treaty

ASEAN

Member of

Manufacturing

Key sector

Bilateral trade relationship

Vietnam is a growing trading partner of Mexico with USD $7B in bilateral trade. Both are CPTPP members, opening preferential trade opportunities. Vietnam exports textiles, electronics, and footwear.

Top exports from Mexico

Electronics

Chapter 85

USD $200M

Auto parts

Chapter 87

USD $150M

Agricultural products

Chapter 8

USD $100M

Minerals

Chapter 26

USD $80M

Chemical products

Chapter 29

USD $60M

Top imports from this country

Electronics and phones

Chapter 85

USD $3.5B

Textiles and garments

Chapter 62

USD $1.2B

Footwear

Chapter 64

USD $800M

Machinery

Chapter 84

USD $500M

Furniture

Chapter 94

USD $300M

Trade agreements

CPTPP

Comprehensive and Progressive Agreement for Trans-Pacific Partnership with preferential tariffs.

Key regulations

  • CPTPP: Rules of origin with certificate of origin
  • Origin verification to prevent transshipment from China
  • NOM for electronics and textiles
  • Countervailing duties on footwear and textiles
  • Labeling regulations

Logistics and transport

Maritime

Transit time: 28-38 days

Main ports

  • Ho Chi Minh (Cat Lai)
  • Hai Phong
  • Manzanillo
  • Lazaro Cardenas

Air

Transit time: 20-24 hours

Main ports

  • Ho Chi Minh Tan Son Nhat
  • Hanoi Noi Bai
  • Mexico City AICM

Business cultural tips

  • Patience is essential in negotiations
  • Respect for hierarchy is important
  • Personal relationships facilitate business
  • Bargaining is common and expected
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Frequently asked questions