U.S.-Vietnam Economic and Trade Relations: Issues in 2019 [Updated April 10, 2019] [open pdf - 406KB]
From the Document: "Over the past decade, U.S.-Vietnam economic relations have expanded rapidly. According to Vietnam's trade statistics, the United States was the nation's 3rd largest trading partner in 2018; according to U.S. trade statistics, Vietnam was the 17th largest trading partner. Bilateral economic issues likely to arise in 2019 include the impact of Vietnam's membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP); market economy status for Vietnam; trade in catfish; U.S. arms sales to Vietnam; and a possible bilateral investment treaty. Following his withdrawal of the United States from the Trans-Pacific Partnership (TPP), President Trump initially indicated some interest in negotiating a bilateral trade agreement with Vietnam, but appears to have dropped the idea."
CRS In Focus, IF11107
Congressional Research Service: https://crsreports.congress.gov/