US companies conclude first agriculture trade mission to Vietnam

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Fifteen small and medium-sized US companies have taken part in a trade mission to Vietnam this week, aiming to promote US agricultural exports to the Southeast Asian country.

The companies met with nearly 150 Vietnamese producers, importers, buyers, distributors, and investors during their visit from September 26 to 29, which was also the US Department of Agriculture's first ever trade mission to Vietnam, US Consulate General in Ho Chi Minh City said in a statement Thursday.

"This agricultural trade mission will give US and Vietnamese companies the chance to learn about each country's trade opportunities, business practices and government programs," said Michael Scuse, Acting Under Secretary for Farm and Foreign Agricultural Services.

"Since 2006, no other major US agricultural export market has grown as quickly as Vietnam," he said. "We believe the result of this mission will be increased trade and improved economic prospects for all."

Last year two-way agricultural, fish and forestry trade reached nearly US$3.4 billion, according to the US Consulate General statement.

The trade mission supports President Obama's National Export Initiative, which aims to double all US exports by the end of 2014 and create millions of new American jobs, the statement added.

Suresh Kumar, US Assistant Secretary of Commerce, said earlier this month that Vietnam is one of the priority markets under the initiative.

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