Hanoi businesses explore pros and cons of US market

14:14 | 10/03/2015 Trade

Business opportunities in the US alongside potential challenges were the main focus of a workshop in Hanoi on March 9 which aimed to get Hanoi businesses prepared for the Trans-Pacific Partnership (TPP) agreement.

Hanoi businesses explore pros and cons of US market

Seafood is one of key export items to the US market.

According to former Deputy Chairman of the Hanoi Young Entrepreneur Association (HYEA), Dang Duc Dung, the TPP will assist Vietnamese businesses in gaining access to a market with over 800 million people and accounting for 40 percent of the global GDP.

Dung also noted that through the agreement, Vietnam can establish linkages with country members and have increased opportunities to receive investment and advanced technology from partner countries. 

Bill Delaney, a lawyer on international commerce, said in order to invest and run businesses effectively in the US, entrepreneurs need to meet state-wide and national laws and business regulations. 

A representative of Harwood law firm added that international commerce is complicated, presenting sophisticated rules and barriers on loading and finance. 

The lawyers advised businesses to seek assistance from professionals to cut costs and avoid potential threats.

Source VOV News

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