First Vietnamese Company Opens Doors in US

The times they are a changin'...

The Hanoi-based Thanh Binh Construction and Trading Company has become Viet Nam’s first private business to open a representative office in the US. The company announced its new California office will aim to find ways to take advantage of the American market and source export and import partners. It will also establish distribution channels for food products in and out of Vietnam.

To enable Thanh Binh to set up the US business, it has received approval from the governor of the State Bank of Viet Nam to open a foreign currency account at the Bank of America

Thanh Binh is one of the country’s leading wine, beverage and food distributors with a market share of approximately 80 per cent of the country’s imported wine market.