mail
mail
mail

News

USA remains the highest potential market for Vietnam’s exports

12/01/2015

In recent years, there has been a lot of stress on search for new markets for Vietnam’s exports, but according to analysts and many enterprises, the US market remains a potential market for Vietnamese exporters to further develop.

The US market currently is the largest furniture importer of Vietnamese wooden products

Nguyen Duy Khien, head of the American Market Department under the Ministry of Industry and Trade, has reiterated export potential and opportunities for Vietnamese products in the US market many times. As a highly populated country with high spending habits, the US imports more than US$2 trillion worth of goods annually. However, Vietnamese products only account for 1 percent of US imports, though it is currently one of two biggest importers of Vietnam.

For instance, garment and textile exports still posted a growth of 9.2 percent last year and were expected to keep growing this year as among $100 billion worth garment and textile imports in the US, Vietnamese products merely account for a modest $7.6 billion.

News

Video

Markets