Vietnam’s annual shrimp exports to the United States have exceeded US$1 billion for the first time, with nearly 90,000 tons in 2021, up 20% year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). 

Vietnam is emerging as one of the largest suppliers of footwear and leather accessories to the United States, opening more opportunities for domestic companies to exploit the world’s largest market for these goods.

According to a market research by Forest Trend, in the first five months of this year, the number of new FDI projects in wood industry totaled 49 projects, of which there were 32 projects belonging to wood processing field.

VietNamNet Bridge - After 10 years of negotiations, Vietnam’s mango has received a license to enter the US market. However, the door to the market is narrow, with many barriers.

VietNamNet Bridge - Vietnamese have to buy some imported fruits at exorbitant prices, but can only export fruit at low prices. 

 VietNamNet Bridge – Seafood exports for calendar year 2014 grew 16.5% on top of the prior year to US$7.84 billion and have been forecast to continue rising to US$8 billion in 2015,

 VietNamNet Bridge – Sales to the US market is the aim of the Trans Pacific Partnership (TPP) agreement as Vietnam has already signed bilateral or multilateral free trade pacts with most of the other parties involved in the negotiations.

 VietNamNet Bridge – Vietnamese fruits have gradually conquered world markets, said Nguyen Xuan Hong director of the Ministry of Agriculture and Rural Development's (MARD) Plant Protection Department.

 VietNamNet Bridge – Viet Nam will be exporting litchi and longan to the United States and is preparing to export more fruit when it joins the ASEAN Economic Community (AEC) next year.

The nation’s high anti-dumping tax on the shrimps from Vietnam at 25.76 percent has been decided by the US Department of Commerce in the eighth period of review (POR8). But Vietnamese hope they still have the chances to petition for lower tax rates.

 VietNamNet Bridge – Vietnamese seafood companies have been worried to death about the new required technical standards imposed by the US which will bar the way for Vietnam’s catfish to penetrate the US market.

 VietNamNet Bridge – Vietnamese software exporters are expecting a future of bountiful opportunities in Japan, the US, Singapore, and Europe.

 VietNamNet Bridge – The US remained Viet Nam's largest goods consumer, importing more than US$13 billion worth of goods over the past seven months (18 per cent of Viet Nam's total export value),

 VietNamNet Bridge – The US biggest importers have begun seeking goods supply sources from Vietnam, while the negotiations for the Trans Pacific Partnership Agreement (TPP) are being conducted.

Being one of the five biggest garment suppliers in the world, Vietnam’s garment export turnover only accounts for 4-5 percent of the global market share. In the US, the biggest export market, Vietnam hold 8 percent of the market share.

While Vietnamese products flood the supermarkets owned by Vietnamese or Chinese, they rarely can be seen at the US owned hypermarkets, or they are available there under the others’ names.

The recent decision of the US Department of Commerce (DOC) to choose Indonesia as the sole benchmark country to calculate the anti-dumping rate on frozen tra fish fillets imported from Viet Nam is not fair and objective.