U.S. Lists Vietnam Among Key Markets to Promote
Jul. 22 – The U.S. Department of Commerce launched a report on its National Export Strategy on June 28, 2011 that included Vietnam among a list of key focus markets.
According to the report for U.S. Congress, the key markets of Vietnam, Colombia, Indonesia, Saudi Arabia and Turkey all have large populations, high growth, favorable business environments, and many potential opportunities.
In order to exploit these new market, the United States will focus on four activities, including trade promotion, export credits, technical assistance, and market development through improved policies and regulations to expand development in new fields such as clean energy. Besides, the United States will also seek to reduce trade barriers for U.S. businesses in these markets.
According to the Department of Commerce, U.S. exports reached US$1.84 trillion in 2010, up 17 percent compare with the year 2009.
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