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Update news US market
FPT’s recent $225 million contract with a U.S. client underscores its international growth, innovation, and the increasing demand for its technology services.
Vietnam recorded a 24% year-on-year increase in exports to the US in the second quarter, ranking second in the ASEAN region after the Philippines, which saw a 35% rise, according to Nikkei Asia trade data published on its site on October 31.
The US Department of Commerce (DOC) will not impose anti-dumping duties on aluminum extrusions imported from 14 countries and territories, including Vietnam.
The US Department of Commerce (DOC) has issued the final affirmative countervailing duty determination on frozen warmwater shrimp from VN, according to the Trade Remedies Authority of VN.
The US Department of Commerce (DOC) has initiated an administrative review of anti-dumping duties on oil country tubular goods (OCTG) from Vietnam, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade (MoIT).
The US has announced the launching of a sunset review concerning the anti-dumping duty orders on uncovered innerspring units from Vietnam, according to the Ministry of Industry and Trade (MoIT)’s Trade Remedies Authority of Vietnam (TRAV).
Despite a 20-year anti-dumping case, U.S. authorities have preliminarily determined that several Vietnamese catfish exporters are not dumping, marking significant progress for the industry.
The US Department of Commerce (DOC) has received a request for anti-dumping and anti-subsidy probe into corrosion-resistant steel products (CORE) from 10 nations, including Vietnam.
With Vietnamese passion fruit to be licensed to enter the United States shortly, the export of this fruit to this market is expected to bring back between US$50-100 million, according to industry insiders.
Technical requirements for Vietnam’s passion fruits were agreed and the process will now move to the next step of implementing legal procedures.
Vietnam was the second largest provider of whitefish, mainly tra fish, to the United States during the first half of the year, with turnover reaching US$184 million, accounting for 21% of total US import turnover of the product.
Farm exports to the US have increased sharply in recent months. Woodwork exports in the first seven months 2024 rose by nearly $1 billion over the same period last year.
Vietnamese agricultural exports to the U.S. have seen a significant surge, with wood products alone adding over a billion USD to the export totals, marking a robust recovery and growth in trade between the two nations.
The US Department of Commerce (DOC) has initiated an administrative review on certain Vietnamese exports currently subject to anti-dumping and countervailing duties, according to the Trade Remedies Authority of Vietnam.
In the first half of this year, Vietnam exported about US$55 billion worth of goods to the US, up 26 per cent year-on-year, ranking first in terms of turnover growth, far surpassing other markets such as the EU, ASEAN and South Korea.
Vietnamese aquatic products are expected to gain a larger market share in the United States if Vietnam is recognised as a market economy by the US, according to experts.
The US was the largest export market of Vietnam in the first four months of this year, with an estimated export revenue of 34.1 billion USD.
The American Alliance for Solar Manufacturing Trade Committee requested to investigate a number of solar battery products under HS codes 8501.61.0000, 8507.20.80, 8541.42.0010 and 8541.43.0010.
The United States remains Vietnam’s largest cashew export market, recording 39,142 tonnes of exports worth more than US$208 million in the first quarter of the year, according to figures released by the General Department of Vietnam Customs.
The US Department of Commerce (DOC) has issued a preliminary conclusion on the anti-subsidy investigation into frozen warm water shrimp originating in Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV).