Online trade conference offers business opportunities for Vietnamese and US enterprises

“The online business webinar took place vibrantly between the two countries’ businesses with more than 20 trading rooms open between Vietnamese enterprises, along with US importers and exporters in the fields of agricultural products, processed foods, industrial machinery, garments and textiles, energy, and minerals. At the event, BT Natures connected online exchanges with five US businesses," Thuy said.

Mr. Vu Ba Phu, General Director of Vietnam Trade Promotion Agency emphasized that the US has always been an important partner of Vietnam, after the Vietnam - US Bilateral Trade Agreement (BTA) came into effect and the export-import turnover between Vietnam and the US grew steadily, reaching USD 75.72 billion at the end of 2019.

According to the General Statistics Office, the first six months of the year saw the US remain as the largest Vietnamese export market with a turnover of USD 30.3 billion, a boost of 10.3% over the previous year. Moreover, the country's import turnover from the US market reached USD 7.4 billion, up 7.2%. Le Hoang Tai, Deputy General Director of the Vietnam Trade Promotion Agency said that online trade exchanges provide new direction and act as an effective trade promotion channel amid the Covid-19. Through this method, many firms can enjoy the global supply chain and expand business cooperation. However, Tai emphasized that to conquer the US market, local enterprises should improve product quality, and try to meet rigorous technical standards. In addition, it is essential to understand the tastes and consumer habits of American customers, informed VOV. VN-US customs mutual assistance agreement to be materialised soon Prime Minister Nguyen Xuan Phuc has recently approved a plan on the implementation of the Viet Nam-US agreement on customs mutual assistance. US Ambassadors in ASEAN countries debunk China’s ambition in Bien Dong Sea Several US Ambassadors in ASEAN countries have raised its voice to respond to the US’ rejection of Beijing’s mostly unlawful sovereignty claims in the South ... Vietnamese students in US still staying wary despite lifting of deportation threat Vietnamese students in US remain wary despite lifting of deportation threat. A visa rule reversal has provided relief, but Vietnamese students in the U.S. remain worried ...