Deputy Minister of Industry and Trade Do Thang Hai has called on the US Department of Agriculture (USDA) to promote the approval process for irradiation facilities so as to facilitate the export of Vietnam’s fresh fruits to the US.
Vietnam and the US have recorded impressive growth in their relations over the past years but they are also facing many challenges, so their state agencies and enterprises should actively exchange views and cooperate to help bilateral partnerships achieve balance and sustainability, heard a trade forum in Ho Chi Minh City on November 17.
US businesses assess Vietnam as a potential market with a strategic location in the region, COVID-19 pandemic brought under control, a stable business environment, and an extensive network of free trade agreements (FTAs), Vietnamese Ambassador to the US Nguyen Quoc Dung has said.
After over five years of negotiations, the US Department of Agriculture has officially licensed the import of fresh pomelo from Vietnam, an official has said.
Vietnam is ready to keep frequent contact with the US to deal with emerging issues, an official from the Ministry of Foreign Affairs said on August 11 regarding an official US launch of an anti-circumvention investigation into steel pipe imported from Vietnam.
Vietnam’s textile and garment exports to the United States in the first quarter of the year reached nearly US$4.36 billion, up 24..% year-on-year, the highest ever since 2012, according to data from the General Department of Vietnam Customs.
Prime Minister Pham Minh Chinh’s working visit to the US and the United Nations from May 11 to 17 will be an occasion for the two countries to discuss ways for obtaining harmonious and sustainable trade relations.
Vietnam has set a goal of achieving an average export growth rate of 6-7 percent in the 2021-30 period, following the Government's strategy on import and export released recently.
The People’s Committee of northern Bac Giang province and the Ministry of Foreign Affairs held a teleconference on March 29 to promote the export of lychee, a local specialty, to the US.
The two new generation free trade agreements, namely the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the European Union–Vietnam Free Trade Agreement, continued to be the momentum for the increase of Vietnam's seafood exports in the first two months of 2022.
Revenue from tra fish exports is expected to reach 1.7 billion USD thanks to adaptation efforts of businesses and effective support from the State, Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), has said.
With the annual import value of vegetables and fruit amounting to more than 6 billion pounds (equivalent to 8.4 billion USD), the United Kingdom is a promising market for vegetables and fruit of Vietnam, heard a webinar organised by the Vietnam Trade Office in the UK.
Vietnam’s fruit exports reached about 1 billion USD in the first quarter of this year, up 10 percent compared to the same period last year. Of the figure, exports to the US - Vietnam’s second-largest fruit and vegetable market - accounted for 30 percent. The market’s potential is expected to grow in the time to come.
Vietnam has enjoyed a surge in timber and wood product exports to the US this year, but businesses need to choose the right items to focus on in order to tap into this major market, insiders said.
An expert from the US Department of Agriculture (USDA)’s Animal and Plant Health Inspection Service (APHIS) is scheduled to arrive in Vietnam on September 2 to continue monitoring the treatment of fruit destined for the country, which recently underwent a hiatus due to COVID-19.
Despite the difficulties posed by the COVID-19 pandemic, Vietnam’s cashew exports in the first half of the year increased by 16 percent in volume year-on-year and 1 percent in value to 232,000 tonnes and nearly 1.53 billion USD, according to the Vietnam Cashew Association (VINACAS).
The past 25 years have witnessed strides made in economic and trade cooperation between Vietnam and the US. contributing remarkably to bolstering bilateral relations, Minister Counsellor in charge of trade affairs Bui Huy Son has said.
Business
