Vietnam exports to the US

(with Bestcargo report)

If every Vietnam gets through the barriers of America demonstrates,  its progress and as a passport to Vietnam goods go to other markets.

That was the comment of Dr. Pham Tat Thang, a senior research prior information MOIT Vietnam leads ASEAN exports to the US market.

Reporter: – Vietnam has received good news when the US Chamber of Commerce (AmCham) in Vietnam forecast Vietnam’s exports to the US this year reached $ 29.4 billion, the first head of ASEAN exports in this market. This trend will continue in the coming years and by 2020 Vietnam will outstrip the rest of the region. He received this news with how the mind? If this prediction come true, the US will be the largest export market of Vietnam umpteenth?

Dr. Pham Tat Thang: – Currently the share of exports to the US market accounts for about 17-18% of the total export turnover of Vietnam, particularly textile exports to the US about 7.7 to 8 billion. This is a big market and the continuous development in recent years.

The forecast, if the Trans-Pacific Partnership (TPP) was signed, then the incentives under the TPP, the export turnover of Vietnam to the US is likely to increase to over 20% total export turnover of Vietnam, ie the US will become the largest export market of Vietnam. This is a good news for the economy of Vietnam.

The important thing is to export to the US, the goods must ensure that no barriers faced by this country, but the barriers are many and increasingly dense. If Vietnam goods pass through Vietnam proved its progress and as a merchandise passport to Vietnam to all other markets.

On the other hand, when exported to the US market ie the ability to know the market as well as market demand in Vietnam increased, from which the import orientation for modern technology to produce quality goods high salary.

However, Vietnam must anticipate one thing that the protection for US domestic production is very high, particularly for agricultural products and foodstuffs. These barriers to trade, technique increasingly stringent US and everyone shows signs of doing harm to domestic producers, they will immediately add new regulations, new laws to fight the deal. Thus, Vietnam has always faced the risk of lawsuits.

In the future, these items potentially strong exports to the US include textiles (currently second only to China in terms of value of exports to the US market and 11 leading countries exporting to the US TPP-PV), shoes footwear, furniture, fruits, agricultural products, seafood, natural rubber. However, Vietnam is now surplus to the US market, that Vietnam is a new take on the US consumer goods rather than imported raw materials and technology from the United States in Vietnam. This needs to be mindful to get the modern technology in the future.

Reporter: – Also as announced by AmCham, textiles with growth strongest in America. He can tell, how much% of textile products imported into the US from the company 100% owned Vietnam or the joint venture company which Vietnam is a major investor, how much% is from now FDI plays in Vietnam? Even in the first case, Vietnam has received about as many as the input of major textile importing from China, even increasing?

Dr. Pham Tat Thang: – I do not know the specific number of textile firms exporting to the US but Vietnam with Vietnamese enterprises as Tien, Nha Be, May 10 very positive contribution exports to the US market, besides that there are FDI enterprises from Taiwan, Hong Kong (China) …

Must see that Vietnam’s garment industry in recent years exports to the US, Japan … relatively good because of certain improvements. Previously, more than 80% of the textile raw material is imported from China, but now it drops below 70%, even the textile industry there are a few materials for export goods abroad, not merely part drain.

If we continue to import raw material from China, when signing the TPP, Vietnam has no C / O, ie certificate of origin is Vietnam goods and do not enjoy the tax rate of 0%. Therefore, to receive the TPP, the Vietnam Textile enterprises should seek input materials imported from the countries of the TPP. To increase import technology to develop supporting industries for the textile industry, including dyeing, weaving … Of course to do this is not a day or two, which needs the investment and policy.

A warning should be noted that China recently invested heavily in Vietnam’s garment sector. Vietnam should be careful because if not, China will hide in the name of Made in Vietnam to take advantage of the upcoming reduction in the TPP to export to the US market.

We can not let any other country in the name of row cover Vietnam to take advantage of their products into the US market, Japan, Australia, Peru, Canada, Mexico is the largest market in the TPP.

Reporter: – Similarly, for the fisheries sector, the US is the largest export market of Vietnam, but the Vietnam seafood products entering the US market back often encountered the anti-dumping lawsuits , that is sold at very cheap prices. That means that if the US exports to Vietnam’s growth seems to have increased in quantity, not in quality and increase added value. If we continue in this manner, so Vietnam would be recognized for what it is and how to develop long-term and sustainable or not?

Dr. Pham Tat Thang – Vietnam long time suffering from three weaknesses in exports. First, we export in volume with little attention paid to quality. Second, too many entities involved in exporting and exporting massively to that self-same competition, themselves back punching each other by lowering prices to compete for partners, finally returned to the economic harm their country. Third, Vietnam ignorance about the internal market and not take the goods of Vietnam in their distribution system.

Because of this weakness that three of Vietnam’s exports is not sustainable.

Reporter: – Whether he can evaluate information on what will open up opportunities for Vietnam’s economy? If you want to take this opportunity to get rid of the heavy dependence on a market, namely China, Vietnam needs to do, sir?

Dr. Pham Tat Thang: To diversify the market and the US market is one of the major markets, Vietnam can export many goods to this market.
In addition to the US market, there is Canada, Peru, Mexico is the third largest market Vietnam does not have free trade agreements. When a free trade agreement, localities and enterprises should pay particular attention to these markets.

The Government of Vietnam have negotiated, join the free trade agreements, customs agreements with Japan, Australia, Korea, the European Union … It is the legal basis, to facilitate rail Vietnam goods entering these markets. The localities, enterprises, associations need to study the terms of preferential trade agreements by bringing freedom to take advantage of opportunities. Vietnam only so really do not rely too deeply into a market.

Finally, Vietnam needs to invest and import advanced technology to develop supporting industries, resource diversity … to autonomy is input, with modern technology to produce the goods meet the requirements of demanding markets