Download Year 2013– Unit: Billion USD

UNITED STATES
OPPOTURNITY FOR
VIETNAMESE
ENTERPRISES
MR. TRAN DUY DONG
DEPUTY DIRECTOR GENERAL OF THE
AMERICAN MARKET DEPARTMENT
MINISTRY OF INDUSTRY AND TRADE
US GDP
World: 74.899.882 ml USD
US: 16.800.000 ml USD (22,4%)
2013 - World Bank
Structure of GDP
2013 - CIA Factbook
19.50
%
GDP
22.40%
1.10%
79.40
%
78.60%
US
Others
Services
Agriculture
Industry
LIST OF COUNTRIES BY IMPORTS
Top 10 import countries in the world
(Year 2013– Unit: Billion USD)
Source: CIA FACTBOOK
LIST OF COUNTRIES BY EXPORTS
Top 10 import countries in the world
(Year 2013– Unit: Billion USD)
Source: CIA FACTBOOK
Proportion of US total imports and Vietnamese
major exports
(Year 2013– Unit: Billion USD)
Vietnam
Total import
Textiles
8,034
80,430
Footwear
2,901
24,624
Wood Products 2,627
47,555
Seafood
935
13,914
Coffee
662
6,063
Leather & handbag 737
12,695
Source: The United States International Trade Commission
US IMPORT BY YEARS
Source: The United States International Trade Commission
VIETNAM – US TRADE RELATION
25,000.00
20,000.00
Vietnam
Export
15,000.00
10,000.00
US Export
5,000.00
0.00
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Source: The United States International Trade Commission
2013
EXPORT STRUCTURE TO US
Export to US in the first six months of 2014
Textiles
Footwear
Wood Products
Electronic Components
Seafood
Machinery and Parts thereof
Handbag, Suitcase, Hat & Umbrella
Fruit & nut
Metals and metal products
Minerals
Processed Food, Drinks
Intrument & Optical Equipment
Others
Source: The United States International Trade Commission
SOME KEY ISSUES IN VIETNAM – US
TRADE RELATION
•
•
•
•
•
•
•
GSP
TPP
Anti-dumping and subsidies
Regulation of non-market economy
Rights of workers
Child labor
Intellectual Property
TPP OPPORTUNITIES
•
•
•
•
12 TPP countries
Vietnam – Japan FTA
Vietnam – Chile FTA
Vietnam, Brunei, Singapore, Malaysia are members of
AFTA
• FTA ASEAN – Australia – New Zealand
• No FTA with the United States, Mexico, Canada and
Peru
• TPP has a significant impact on US- Vietnam trade
relation
OPPOTURNITY FOR U.S. MARKET BY TPP
OPPOTURNITY FOR U.S. MARKET BY TPP
TEXTILES
• In 2013, 8 billion USD of textiles exported to U.S.,
accounted for 43% of the turnover.
• Import tax 17.3 - 32% reduced to 0%
• “Yarn Forward” rule: cotton - fiber - weaving - dyeing –
finished textile products - tailoring - designing marketing – distributing
OPPOTURNITY FOR U.S. MARKET BY TPP
• Footwear (reaching 10.3 billion USD in 2013) in which
the U.S.total turnover is 3.462 billion USD, accounted
for 33.6%; tax rate reduced from 12% to 0%; main
competitors in the United States: China and India which
are not members of TPP. Need to increase the local
content percentage.
• Agricultural products (TPP will replace GSP)
• The wave of new export investment to the United States
KEY ISSUES
•
•
•
•
•
•
•
•
Customs procedures (CBP)
Tax (USITC)
Establish or maintain relationships with distributors
Labels
Tariff quota (sugar product, meat)
Foreign Corrupt Practices Act
Verifying partners
Attorney (Dun & Bradstreet www.dnb.com)
KEY ISSUES
(Technique Methods)
- Food and Drug Administration - FDA: administrating
therapeutic and aquatic products, etc.
- Bureau of Alcohol, Tobacco, Firearms and Explosives
- ATF: alcoholic beverages, tobacco, etc.
- Department of Agriculture - USDA: fruit, meat, poultry and
egg, etc.
- Consumer Product Safety Commission - CPSC and
Nationally Recognized Testing Laboratories - NRTL: toys,
electronics, plastics, clothing (flammable fabrics), etc.
- National Marine Fisheries Service (NMFS), Fish and
Wildlife Service (FWS), Public Health Service (PHS), and
Centers for Disease Control and Prevention (CDC): living
animals, processed food, etc.
Solutions to boost exporting to U.S.
• Improving the competitiveness of key export commodities to
the U.S. market such as apparel, footwear, wood product and
seafood. Although these items have gained a foothold in U.S,
they remains under intense pressure from competitors such as
China, India, Brazil, Indonesia, Thailand.
• Promoting exports to U.S. such as power cable, plastics, some
Vietnamese tropical crops: dragon fruit, lychee, longan,
pineapple, mangosteen ...
• Amending legislation relating to import, export, investment,
intellectual property in order to attract more foreign
investment and trade facilitation.
• Continuing to work with the relevant U.S. agencies for
Vietnam’s GSP preferential tariff .
Solutions to boost exporting to U.S.
• Improving the managerial capacity of the state agencies in the
field of commerce and that of the exporters.
• Strategies to build the plants providing the materials for major
industries such as textiles, footwear and wood products.
• Training of skilled workers and the new production line to
manufacture high-end products with higher added value to
U.S. market.
• Investing in infrastructure for production and goods circulation
for export such as investing to build a deep water port for
cargo handling and a new airport with greater scale...
UNITED STATES
OPPOTURNITY FOR
VIETNAMESE ENTERPRISES
Contact info:
MR. TRAN DUY DONG
DEPUTY DIRECTOR GENERAL OF THE
AMERICAN MARKET DEPARTMENT
MINISTRY OF INDUSTRY AND TRADE
54 Hai Ba Trung, Ha Noi
Tel: 04-22205483; Mobile: 0975606868
E-mail: [email protected]