The agricultural sector in Vietnam presents significant opportunities for increased collaboration with the United States, driven by the country's robust economic growth and expanding middle class.
In 2023, the U.S. exported $3.1 billion in agricultural products to Vietnam, making it a key market for U.S. exporters. With Vietnam's growing demand for high-quality agricultural goods, particularly in sectors like retail and food processing, U.S. producers are well-positioned to enhance their market presence through trade missions and strategic partnerships[1][3][5].
Citations:
[1] https://fas.usda.gov/data/opportunities-us-agricultural-products-vietnam-and-thailand
[2] https://documents1.worldbank.org/curated/zh/116761474894023632/pdf/108510-WP-PUBLIC.pdf
[3] https://fas.usda.gov/topics/trade-missions/vietnam-september-2024
[4] https://www.vietnam-briefing.com/news/vietnams-agrifood-export-potential-key-guidelines-for-trade-businesses.html/
[5] https://vietnamlawmagazine.vn/vietnam-strives-to-increase-competitiveness-for-agricultural-exports-to-us-71220.html
[6] https://en.nhandan.vn/vietnam-takes-advantage-of-opportunities-to-export-agricultural-products-to-the-us-market-post137238.html
[7] https://agriculturepost.com/interviews/brazil-sets-sights-on-expanding-cotton-exports-to-the-indian-market/
[8] https://tradingeconomics.com/india/exports/brazil/cotton