Executive Director of the AmCham Vietnam in HCM City Mary Tarnowka speaks at the Vietnam-US Trade Forum in HCM City on September 6 (Photo: VNA) HCM City (VNA) – There remains much potential for comprehensive cooperation between Vietnam and the US, and both are working hard to promote balanced bilateral trade, heard a forum held in Ho Chi Minh City on September 6. At the function, Deputy Minister of Industry and Trade Do Thang Hai said bilateral trade has grown strongly for many years and continually set new records. It was recorded at only 220 million USD in 1994 when the US officially lifted economic sanctions on Vietnam, and reached 1.4 billion USD in 2001 – the year before the bilateral trade agreement took effect. The figure hit 58.8 billion USD in 2018 and 35.4 billion USD in the first half of 2019. The recent strong shift of global supply chains to Vietnam has helped it jump from the 12th place to the 9th position among the top exporters to the US. It has … [Read more...] about Vietnam, US striving to boost balanced trade: forum
Vietnam us trade relations
Vietnam–US trade forum to run in September
Illustrative image (Photo: vneconomictimes.com) HCM City (VNA) – The Ministry of Industry and Trade will hold the Vietnam–US trade forum in Ho Chi Minh City on September 6. Themed “Shifting of global supply chain – opportunity to boost bilateral trade and investment”, the event will provide updates on relevant policies and analyse challenges and opportunities for enterprises amid trade conflicts among world economic powerhouses. The forum is also a place for Vietnamese and US firms to connect and strike partnerships. Two-way trade turnover between Vietnam and the US has increased nearly 120 times, exceeding 60 billion USD in 2018 from 450 million USD in 1994, since the normalisation of bilateral relations 25 years ago. Vietnam is ranked 16th among the leading trade partners of the US and annual bilateral trade growth reaches 20 percent.-VNA … [Read more...] about Vietnam–US trade forum to run in September
Vietnam-US relations through periods of time
Director of US VATICO representative office delivers a speech at a party on the occasion of the US government’s announcement of lifting the 19-year trade embargo against Vietnam at Thang Loi hotel, Hanoi, February 4, 1994 Minister of Trade Vu Khoan and US Trade Representative Charlene Barshefsky sign the Vietnam-US trade agreement in Washington D.C, July 13, 2000 US President Bill Clinton delivers a speech at Hanoi National University during his official visit to Vietnam from November 16-19, 2000 President Tran Duc Luong hosts a reception for US President Bill Clinton on November 17, 2000 during his official visit to Vietnam US President Bill Clinton visits Van Mieu - Quoc Tu Giam (Temple of Literature ) in Hanoi on November 17, 2000 during his official visit to Vietnam from November 16-19, 2000 General Director of Vietnam Airlines Nguyen Xuan Hien and US Ex-Im Bank Chairman Philip Merrill sign a financing guarantee for one Boeing 777-200ER … [Read more...] about Vietnam-US relations through periods of time
AmChamVietnam Celebrates 25 Years Since Normalization of Vietnam-US Trade Ties
To approve a single suggestion, mouse over it and click "✔" Click the bubble to approve all of its suggestions. Speaking to an audience that included Deputy Prime Minister Vương Đình Huệ, The Honorable John Kerry, Dr. Vũ Tiến Lộc (Chairman and President, Vietnam Chamber of Commerce & Industry), Ambassador Pete Peterson (the first U.S. Ambassador to Vietnam following normalization of relations), and Ambassador Lê Văn Bàng (the first Vietnamese Ambassador to the U.S. following normalization), she celebrated 25 years of renewed economic cooperation between the United States and Vietnam, during which bilateral trade has grown from just over $200 million in 1994 to more than $50 billion today. U.S. Chargé d’Affaires ad interim to Vietnam, Caryn McClelland delivers remarks at the 25th anniversary of the normalization of the trade relations between Vietnam and the US The Chargé recalled … [Read more...] about AmChamVietnam Celebrates 25 Years Since Normalization of Vietnam-US Trade Ties
Vietnam, US bolster economic cooperation
At the ceremony (Photo: VNA) Hanoi (VNA) – Vietnam considers the US an important partner and is willing to bolster the bilateral ties in all fields, especially in economic cooperation, trade, investment, science-technology, and education and training, Deputy Prime Minister Vuong Dinh Hue has affirmed. The Deputy PM made the statement while attending a meeting, organised by the American Chamber of Commerce in Vietnam (Amcham)’s Hanoi chapter in the capital city on January 18, to celebrate 25 years of the normalisation of the Vietnam-US trade relations, and the 25th founding anniversary of Amcham in Vietnam. At the meeting, he affirmed that the normalisation and development of Vietnam-US relations have resulted in great interest for the people of the two nations, contributing to regional and international peace, stability, cooperation, and growth. In the past 25 years, two-way trade surged nearly 120 times, from 450 million USD in 1994 to more than 60 billion USD in 2018. … [Read more...] about Vietnam, US bolster economic cooperation