Business
Viet Nam-US trade sets to exceed 12 bln USD
VNECONOMY updated: 06/11/2007
US Secretary of Commerce Carlos M. Gutierrez has confirmed US-Viet Nam bilateral trade that mounted to 9.7 billion USD in 2006 is set to rise in the coming time.
“We believe that 9.7 billion USD should be a lot a lot larger, maybe 12 billion USD next year or even more,” Gutierrez, who is leading a 22-strong member business delegation to Viet Nam from November 4-8, told a press rountable in Ha Noi on November 5.
Secretary Gutierrez informed the media of the positive feedback he received from the US business community in Viet Nam, who said that their businesses are all running well.
“I heard a very positive sign that the investors’main concern is they would like to invest more rapidly, they would like to have things move quicker,” Gutierrez said.
“A lot of countries around the world would like to have that ‘problem’,” he added.
The US is now the one of the largest market for Vietnamese exports, importing 8.6 billion USD in goods from the Southeast Asian country while exporting only 1.1 billion USD.
However, the US Secretary of Commerce confirmed there will be no restrictions to Vietnamese goods exported to the US. The world largest economy, however, wishes to promote exports to the Vietnamese market as part of its efforts to minimise its overall trade deficit.
He said that the faster the two-way trade between US and Viet Nam grow, the more jobs and growth will be created for both countries, and the more contribution the two countries can give to the world and the people of both nations.
Joining the first-ever US Business Mission to Viet Nam to explore business opportunities include more than 20 American companies in various industries, from manufacturing, science and technology development, automobile makers, tourism, hospitability and aviation.
Source: Vietnam Agency
News 
Market Data 
Discover 
