Viet Nam’s exports to US continue to rise

Viet Nam is expected to export US$11 billion worth of commodities to the US while importing US$1.7 billion from the country in 2008 despite the US recession.

Viet Nam’s major staples will include textiles and garments, seafood, and handicrafts, said Le Xuan Duong, Director of the Export Supporting Centre under the Vietnam Trade Promotion Agency.

Mr Duong also predicted a rise in the export of computers and electronics manufactured by foreign-invested enterprises.

However, the economist said that newly arisen factors require both the government and Vietnamese enterprises to work out new policies and modes of export to maintain the country’s growth in the future.

He said most of Vietnamese enterprises currently export their products under the trademarks of US partners, which is likely to impede Vietnam’s export growth in the years to come.

Elizabeth Rose Daly, Director of International Business Division under the Office of Mayor of New York City, said Vietnamese exporters should establish their representative offices in the US to increase their sales here because such offices would increase the enterprises’ prestige and customers’ belief in them.

Meanwhile, an economic expert from the US embassy in Hanoi believed that Vietnamese businesses should pay due attention to building their own trademarks to penetrate the US market. (VOV)