Us largest importer

Illustrative image (Photo: VNA) Hanoi (VNA) - Post-pandemic robust rebound in the American market has ushered in multiple opportunities for Vietnam to expand its export of key products, according to the Ministry of Industry and Trade. Vietnam in America such as Canada and Mexico have also increased imports from the Southeast Asian nation. According to the MoIT, handsets, computers, and electronic items hold the largest proportion in Vietnam’s export structure to the American market, reaching 43.3%; followed by textile, apparel, and footwear products with 25%; wood and wooden items with 8%; and agricultural and agro-aquatic product s with 4%. VNA … [Read more...] about Vietnam’s export to American market sees sharp rebound

Vietnam says that its trade relations with the US have coincided with the World Trade Organization's regulations. Vietnam stands ready to discuss with the US to address issues emerging in trade, Spokeswoman of the Ministry of Foreign Affairs Le Thi Thu Hang said today. Vietnam has always worked with the US through existing mechanisms, including Trade and Investment Framework Agreements (TIFAs), to boost trade and investment for the sake of businesses and people of both sides, Hang shared the view at the press conference on August 11. Warehouse storage of steel products in Vietnam. Photo: VNA On August 8, the US Department of Commerce (DOC) issued an official notice on the initiation of an investigation into trade remedy evasion with respect to a number of steel pipe products imported from Vietnam. According to ASL law firm , Large US steel pipe producers asked the US to launch an investigation after learning that Vietnam was importing Hot Rolled Steel … [Read more...] about Vietnam willing to work with US on emerging issues: Spokeswoman

Great opportunities Vietnam has climbed up the value chain over the years, becoming a key electronics manufacturing hub, attracting stable foreign direct investment with its sound macro fundamentals, preferential tax incentives and an abundance of relatively cheap and productive labor. Electronics, a major driving force of Vietnam’s export growth Vietnamese enterprises are increasingly integrating into the global production chain, as confirmed by international organizations, including the World Bank and the Hongkong and Shanghai Banking Corporation Limited (HSBC) in their reports. For decades an apparel and footwear exporter with a low value added, Vietnam has gradually become an important production center in the technology industry, according to HSBC. Ngo Dang Khoa, HSBC Vietnam’s Country Head of Markets and Securities, said Vietnam has become a production center of electronics and cell phone components, helping it lure an increasing number of foreign … [Read more...] about Vietnam’s star rises in global supply chains