The trade mission aims to connect with key importers via business-to-business meetings, and to gain insights into local and regional market conditions through site visits and discussions with industry experts and government officials.
To support businesses in boosting exports to this market, Viet Nam will continue cooperating with US partners to comprehensively address the US'' concerns.
The Office of the United States Trade Representative (USTR) is in the middle of gathering and analysing information and has not yet reached any conclusions or made recommendations on the trade relationship between Viet Nam and the US.
The MoIT said the exchange aims to help domestic footwear producers promote exports to the US. It will also act as a platform to provide d information on the US footwear market in the context of the COVID-19 pandemic.
Many Vietnamese enterprises are keeping a close eye on the escalating US-China trade war and have expressed concern about its possible adverse impact on their business.
The Vietnamese economy is walking a careful tightrope amid rapid developments around the world, especially the spiraling US-China trade war and the US Federal Reserve’s rate hikes, which are weighing on exchange rates and Viet Nam’s trade balance.
Improving material supplies and proof of product origin were ways to limit the impact of trade lawsuits amid the growing US – China trade war, according to insiders.
The Ministry of Industry and Trade (MoIT) has urged the US Government to consider excluding Vietnamese products from its newly announced tariff measures on imported steel and aluminium.
Vietnamese businesses need to improve their
awareness and understanding of the legal implications of exporting goods
to the US, says David Lennarz, Vice President of the US Registrar Corp.