The U.S.-Vietnamese commercial relationship has grown since the United States lifted its trade embargo against Vietnam in 1994 and the two countries renewed diplomatic relations in 1995.The U.S. is now Vietnam’s largest export market and a major source of foreign direct investment, helping fuel Vietnam’s remarkable economic growth. The United States has also benefited from stronger trade ties with an increase of U.S. exports to Vietnam by 330% over the last 10 years. Vietnam’s more than 93 million consumers have a positive view towards the United States and is poised for continuous growth over the next twenty years — a rising star among Asia’s bustling economies.
U.S. firms have traditionally been slow to take advantage of the growing opportunities that Vietnam presents but are now viewing this market as a key component to their growth strategies in Asia. The 2001 U.S.–Vietnam Bilateral Trade Agreement (BTA) transformed the bilateral commercial relationship between our two nations and accelerated Vietnam’s entry into the global economy, with Vietnam joining the WTO in January of 2007. Since
the BTA, bilateral trade increased from $2.9 billion in 2002 to over $54.6 billion in 2017. Vietnam was a major beneficiary of enhanced trade ties; in 2017, Vietnam held a $38 billion trade surplus with the United States. U.S. exports to Vietnam grew by 23.3% in 2015 and by 43.2% in 2016, resulting in a twoyear
increase of 77.1%.
The Export Sales Mission to HCMC & Hanoi will take place May 31–June 8, 2019. Florida companies are invited to join the mission and participate in the Gold Key program. This program offers an excellent way to meet with potential business partners and build the much-needed contacts and relationship in both markets.
Trade Grants Available
Gold Key Grants will be available to qualified Florida manufacturers and value-added professional service providers, covering $2,500 of the registration fee for the first company representative (for Gold-Key meetings). Please note that the grant is only available for Option 1 Gold Key Package. A separate application process is required for this grant.
For more information, please contact:
John Diep | Enterprise Florida Inc. | email@example.com | 561.832.8339 or Andrea Moore | Enterprise Florida Inc. | firstname.lastname@example.org | 850.469.8989