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Update news US market
Vietnam's exports to the EU and the US in 2023 were estimated to reach around 166 billion USD, a 9.6% decrease while imports were estimated at nearly 41 billion USD, a 9.1% drop in comparison to 2022.
Vietnam’s total trade with European and American markets is estimated to decrease by 9.5% year-on-year to around 208 billion USD in 2023, but the country still enjoys a trade surplus of 125 billion USD.
FPT on December 14 announced the establishment of FPT Automotive specializing in automotive software, with headquarters in Texas, the US, in the plan to enter the automobile software market worth hundreds of billions of dollars.
The first batch of 16 tons of “Dien” pomelos from Luong Son district, the northern province of Hoa Binh, was exported to the U.S. on December 5.
The US has retained its position as Vietnam's largest export market in recent years, while Vietnam has become the US' 7th largest trading partner and the largest trading partner of the US in the ASEAN region.
The US-based Noble House Home Furniture LLC has filed for bankruptcy under Chapter 11 with the US Court in the District of Houston, Texas amid inflation and weak consumer spending.
The Ministry of Industry and Trade (MOIT) has published a list of products that could potentially be subjected to U.S. trade remedies and origin fraud investigations.
The US’s increased trade defence measures on imports in general and Vietnamese goods in particular has made it increasingly hard to export to this market, according to Counsellor and head of the Vietnam Trade Office in the US Do Ngoc Hung.
Vietnam’s tra fish exports to the US is expecting a better outlook in the remaining months of this year after getting some good news.
The United States is Vietnam’s largest seafood export market in in the first eight months of the year, with turnover reaching US$1.01 billion, an annual decline of 37%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
VASEP said that it has received preliminary results of the US Federal Register’s 19th anti-dumping duty review on VN's frozen fish fillet in the period from August 1, 2021, to July 31, 2022, with positive features.
The United States maintained its position as Vietnam’s largest export market with an estimated turnover of US$62.3 billion in the opening eight months of this year, according to the Ministry of Industry and Trade.
The U.S. Food Safety and Inspection Service (FSIS) recently conducted a thorough review of the food hygiene and safety management system pertaining to Vietnamese tra fish exports to the United States.
The US Department of Commerce (DOC) has decided to extend the deadline for issuing investigation determinations about wooden cabinets imported from Vietnam that have suspected components built in China.
The US Department of Agriculture (USDA)’s Animal and Plant Health Inspection Service (APHIS) has announced its permission for Vietnam to export fresh husked coconut to the country.
The US Department of Commerce (DOC) has issued its final determination that certain imported products from Vietnam do not evade the anti-dumping and countervailing duties that the US is applying to similar items from Taiwan.
Natural fresh dehusked coconuts from Vietnam have officially been licensed to enter the US market, with the fruit product expected to bring in US$1 billion in the near future, according to the US Department of Agriculture.
Vietnam will export the second batch of 18 tonnes of fresh sugarcane to the US market in the coming time.
The US Department of Commerce (DOC) has announced that it will continue to impose anti-subsidy duty of up to 31.58% on steel coat hangers imported from Vietnam.
Nearly 20 tonnes of Vietnamese fresh lychee are being sold at Safeway and Albertsons supermarkets in the West Coast of the United States, including states of California, Oregon, and Washington.