A step forward in bilateral cooperation between Vietnam - the United States

US President Joe Biden's visit to Vietnam has great significance in developing Vietnam's agricultural trade. Let's find out detailed information with WTPAgri through the article below!

Reviewing cooperation achievements between Vietnam and the United States in 2022

In 2022, Vietnam's agricultural, forestry and fishery product exports to the United States reached about 13 billion USD.

Some products have moderate export turnover but large export growth such as vegetables reaching 247 million USD (up 11.2%), pepper 282 million USD (up 23.2%), rice reaching 18 million USD (up 58%).

According to the Ministry of Agriculture and Rural Development, every year the United States imports over 200 billion USD of agricultural, forestry and fishery products. Major U.S. imported products are coffee, cocoa, fresh and processed fruits and vegetables, seafood, and wood and wood products.

Vietnam's agricultural, forestry and fishery product exports to the United States in 2022 account for 24.4% of Vietnam's total agricultural, forestry and fishery product export turnover to the world, but only about 6.7%. value of US agricultural, forestry and fishery imports, so the potential for Vietnam to expand this market is still very large…

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Potential for agricultural development after comprehensive strategic cooperation between Vietnam and the United States

During US President Joe Biden's visit to Vietnam, Deputy Minister Hoang Trung respected and appreciated cooperation in the agricultural sector. Vietnam imports a large number of products from the United States such as wheat, animal feed, corn, soybeans and cotton for the fiber industry.

Deputy Minister Hoang Trung expressed confidence that the cooperative relationship between Vietnam and the United States in the field of agriculture and the grain industry will continue to develop and bring benefits to both countries, businesses and people. people. He also expressed his desire to cooperate in solving technical problems and building specific plans for the future.

President Joe Biden and General Secretary Nguyen Phu Trong

Vietnam's Ministry of Agriculture and Rural Development has welcomed many high-level US delegations in the past year, marking the importance of Vietnam in agricultural cooperation with the United States. To exploit the potential from the US market, the Ministry has researched opportunities and applied solutions to enhance the position, competitiveness and market share of Vietnamese agricultural, forestry and fishery products in the market. 

US President Biden's visit has promoted closer cooperation between Vietnam and the United States in many fields, including trade, investment, science and technology and agriculture. This also helps create favorable conditions for the implementation of new projects supported by the United States in the agricultural sector in Vietnam.

WTPAgri - a dynamic agricultural product trade representative company based in Vietnam.

In the backdrop of the recent visit by President Joe Biden to Vietnam, which emphasized the importance of agricultural cooperation between Vietnam and international partners, WTPAgri stands as a prominent player in facilitating these collaborations. With a strong foothold in the Vietnamese agricultural sector, WTPAgri specializes in connecting international partners with the thriving Vietnamese agricultural market. Vietnam, known for its diverse agricultural products and a rapidly evolving supply chain, presents an array of opportunities for global partners. WTPAgri's expertise in navigating this landscape, coupled with its commitment to quality and sustainability, makes it a trusted partner for businesses looking to explore and expand their presence in this vibrant and promising market.

If you are looking for a reliable partner to invest in the Vietnamese agricultural market, please contact us immediately. WTPAgri will ensure to bring you satisfaction during the cooperation process with the highest goodwill and quality.

Contact our team at agri.crm@wtp.vn or call us at +84971279099. And remember that we can also provide tailored service if you need it.