Illustrative image (Photo: VNA) New York (VNA) – Vietnamese and US firms soughtways to overcome economic difficulties caused by the COVID-19 pandemic duringan online trade exchange event on July 15.
Speaking at the event, Ambassador Dang Dinh Quy, head of theVietnam Permanent Mission to the United Nations, said the two countries willsurely offer the best conditions for their firms to develop, thus helping tolift bilateral ties to a new height.
Sharing the same view, Minister Counsellor Bui Huy Son, headof the Vietnam Trade Office in the US, said the event will enable USenterprises to learn about the promising Vietnamese market and make it easierfor Vietnamese firms to approach the huge US market.
Director of the Vietnam Trade Promotion Agency (Vietrade) VuBa Phu said since the COVID-19 outbreak, the agency has held a number of onlinetrade promotion events, especially in Vietnam’s traditional and potentialmarkets such as the US, India, Russia and Singapore, drawing hundreds ofenterprises.
An The Dung, Director of the Vietrade Office in New York,said achievements in the fight against COVID-19 has made Vietnam a safedestination for investors at the crisis time.
Data from the Ministry of Industry and Trade showed thatVietnam still receives hundreds of transaction letters each day and thousandsof enterprises accessed the Vietrade portal to seek opportunities. Two-waytrade grew by over 4 percent in the first five months of this year, with USexports to Vietnam up 3 percent.
Lauren Merkel from the Empire State Development, for herpart, affirmed that New York authorities, especially Governor Andrew Cuomo,always stay ready to offer all possible support to Vietnamese businessesinterested in doing business with New York partners, and vice versa.
Daniel Pint from the US Department of Commerce introduced USfirms to participants, as well as their requirements for exports-imports. Headded that businesses opportunities with the US are abundant and the US isready to offer opportunities to qualified and capable partners.
According to the General Department of Vietnam Customs,two-way trade between Vietnam and the US has grown by 20 percent on averageeach year, from 41.28 billion USD in 2015 to 75.72 billion USD in 2019.
Vietnam is now the 16th largest trade partner ofthe US in the world, while the US is the third biggest trade partner of theSoutheast Asian nation.
With a gross domestic product (GDP) average growth rate ofnearly 7 percent each year and a 100-million population, Vietnam is expected tobecome a promising market for US companies in the fields of agriculture,renewable energy, telecommunications, aviation or finance-banking./.
Speaking at the event, Ambassador Dang Dinh Quy, head of theVietnam Permanent Mission to the United Nations, said the two countries willsurely offer the best conditions for their firms to develop, thus helping tolift bilateral ties to a new height.
Sharing the same view, Minister Counsellor Bui Huy Son, headof the Vietnam Trade Office in the US, said the event will enable USenterprises to learn about the promising Vietnamese market and make it easierfor Vietnamese firms to approach the huge US market.
Director of the Vietnam Trade Promotion Agency (Vietrade) VuBa Phu said since the COVID-19 outbreak, the agency has held a number of onlinetrade promotion events, especially in Vietnam’s traditional and potentialmarkets such as the US, India, Russia and Singapore, drawing hundreds ofenterprises.
An The Dung, Director of the Vietrade Office in New York,said achievements in the fight against COVID-19 has made Vietnam a safedestination for investors at the crisis time.
Data from the Ministry of Industry and Trade showed thatVietnam still receives hundreds of transaction letters each day and thousandsof enterprises accessed the Vietrade portal to seek opportunities. Two-waytrade grew by over 4 percent in the first five months of this year, with USexports to Vietnam up 3 percent.
Lauren Merkel from the Empire State Development, for herpart, affirmed that New York authorities, especially Governor Andrew Cuomo,always stay ready to offer all possible support to Vietnamese businessesinterested in doing business with New York partners, and vice versa.
Daniel Pint from the US Department of Commerce introduced USfirms to participants, as well as their requirements for exports-imports. Headded that businesses opportunities with the US are abundant and the US isready to offer opportunities to qualified and capable partners.
According to the General Department of Vietnam Customs,two-way trade between Vietnam and the US has grown by 20 percent on averageeach year, from 41.28 billion USD in 2015 to 75.72 billion USD in 2019.
Vietnam is now the 16th largest trade partner ofthe US in the world, while the US is the third biggest trade partner of theSoutheast Asian nation.
With a gross domestic product (GDP) average growth rate ofnearly 7 percent each year and a 100-million population, Vietnam is expected tobecome a promising market for US companies in the fields of agriculture,renewable energy, telecommunications, aviation or finance-banking./.
VNA
