This has been one of the largest steel sheet batches to the US so far, which have met the requirements of ASTM (American Society for Testing and Materials), BSEN (British Standards European Norm) and JIS (Japanese Industrial Standards).

Le Phuoc Vu, chairman of steel giant Hoa Sen Group said the groupstarted selling products to the US in 2014 but has stepped up exports since September last yeartCurrently, the group’s annual earning from exports of steel sheets accounts for 40% of its revenues. He emphasized that the US is a demanding market with strict requirements in terms of quality, services and delivery time. Hoa Sen’s products have met all the demands to penetrate the world’s leading economy.

Vu said international economic integration and the Trans-Pacific Partnership (TPP) has opened up huge opportunities for Vietnamese businesses to access major markets such as the US, Australia, Mexico, Chile and New Zealand.

Meanwhile, deputy minister of industry and trade Tran Tuan Anh said the move has proved that local businesses can integrate in the global economy effectively in a fair and competitive manner.

Last year, Hoa Sen group exported more than 400,000 tonnes of products to more than 60 countries in the world, especially the US, earning a revenue of over US$300 million.