Speaking at the event, which was held by the HCM City Investment and Trade Promotion Centre (ITPC) on February 11, Vice Director of the centre Cao Thi Phi Van said the US is the largest export market of Vietnam, while Vietnam is among the 13 biggest goods suppliers of the American nation.

Vice Director of the HCM City Investment and Trade Promotion Centre Cao Thi Phi Van speaks at the workshop.

However, there is still great room for Vietnam’s products in the US market, due to its big size as well as diverse demands and segments. According to Van, the ITPC will continue to promote trade promotion activities and introduce Vietnamese products to the US market in 2020.

Erik Frankel, CEO of Vietsway – an online business selling products from Vietnam, said the US is a key export market of many countries, including Vietnam.

In recent years, Vietnam's export turnover to the US has continuously increased but the growth was mainly seen in the shipment of mobile phones and electronic components, textiles, footwear, and furniture which are from foreign-invested firms.

Meanwhile, Vietnam’s products of strength have yet to make inroads into this market, he noted.

However, trade experts warned that Vietnamese exporters should thoroughly study customers’ taste, goods’ suitability, prices and competitiveness of rivals to select direct or indirect export. They pointed to factors that can affect exports to the US such as delivery time, connections with distribution networks and marketing strategies.

Kimberly Oanh, Operations Manager of Indo-Trans Logistics Corporation (ITL Corp) particularly mentioned the US’s strict regulations on goods’ origins, hence Vietnamese enterprises should be cautious and ensure the transparency of information related to origin of goods when exporting to the US.

Bac Giang’s export and import yet to be impacted by nCoV epidemic

(BGO) – In the face of nCoV complex situation, the Customs Office controlling the industrial parks in Bac Giang province and the Department of Industry and Trade have strictly supervised the situation to give timely instruction to the enterprises.

Export, import activities soar at start of Lunar New Year

Export and import activities have been busy since the start of the Lunar New Year (January 25), with some product groups reaching an export value of over 1 billion USD each.

Export-import value estimated at 38,1 bln USD in January

Vietnam's export-import value is estimated to reach 38,1 bln USD in January, according to the General Statistics Office.

Export enterprises, new records

(BGO) – This was the first year Bac Giang province has exceeded over 11 trillion VND (474.9 million USD) of budget collection which was greatly contributed by the export enterprises.  

First batches of products exported through Lao Cai Border Gate in the Lunar New Year

The Lao Cai International Border Gate on January 26 processed 11 sets of customs declarations for the export of over 1,300 tonnes of farm produce to China, said Tran Anh Tu, deputy head of the Lao Cai border gate customs agency (under the Lao Cai Customs Department).

Source: VNA