The report, which provides an update of the Vietnam - US trade status by August 2014 and provides a forecast on two-way trade revenue up to 2020, seemed optimistic to increase its forecast for Vietnam's export revenue to the US.
AmCham elevated the two-way trade revenue between Vietnam and the US to US$34.9 billion including US$29.4 billion from Vietnam's exports to the US. Earlier in July 2014, AmCham predicted a two-way trade of US$33.6 billion with Vietnam's exports to the US reaching US$28.1 billion.
It also expected that Vietnam will lift its market share in the US to 22% in 2014 instead of 16.5% in 2013 to become the top ASEAN exporter to the US, surpassing Malaysia and Thailand.
In addition, AmCham estimated that Vietnam's trade surplus to the US will reach US$23.9 billion in 2014, US$1.2 billion higher than the previous forecast.
The commerce chamber also said that Vietnam's garment export value will rise to US$9.8 billion instead of US$9.7 billion for the entire 2014.
