Vietnam’s exports to the United States have recently soared, bringing about opportunities to both gain more market shares in the states and potential risks.
Vietnam was one of the fastest-growing import sources of the US in Asia in the first quarter of 2019, according to Bloomberg.
Vietnam’s squid and octopus exports to the US reached US$9.7 million last year, up 94.7% from 2016, reported the Vietnam Association of Seafood Producers and Exporters (VASEP).
VOV.VN - Vietnam exports to the US increased by nearly 15% to US$38.5 billion last year while imports rose by 11.7% to US$8.7 billion, according to statistics of Vietnam Customs.
(VOV) - A workshop was held in HCM City on September 24 to update businesses on new legal regulations of the US and make recommendations to help them successfully penetrate this lucrative market.
Vietnam's export turnover rose sharply last year and in the first half of 2014, but challenges in legal and administrative procedures and other risks remain for enterprises.
(VOV) - Exports of Dong Nai to the US should stay strong in the near future as the US economy is rebounding well, forecast Le Van Danh, Director of the provincial Department of Industry and Trade (DoIT).
(VOV) - Ministry of Industry and Trade (MoIT) official Vo Ta Luong has said learning more about the US market—Vietnam’s biggest exporter— and Chile—a gateway to Latin America – will help businesses with trade promotion and market development.
Vietnam’s exports to the US in the first four months netted US$3.74 billion, increasing by 3 percent against the same period in 2008, according to the United States International Trade Commission.