Ministry reports increase in exports to US
Ministry reports increase in exports to US
Viet Nam's exports to the US topped US$2.65 billion in July, rising 6.4 per cent month-on-month while increasing by 23 per cent compared with same period last year.
The Ministry of Industry and Trade reported that over the past seven months the country's total exports to the market rose to $16 billion, a yearly growth of 24 per cent. Textiles and garments and footwear remained items that showed significant increases during that period.
Earlier, the Vietnam Economic Times, quoting the American Chamber of Commerce in Viet Nam, said that bilateral trade between Viet Nam and the US would probably reach $33.6 billion in 2014. Of this figure, $28.1 billion will come from Vietnamese exports.
Exports of Vietnamese textiles and apparel to the US, which currently accounted for one-third of Vietnamese total exports to the market, would reach $9.7 billion by the year-end, according to the chamber.
At present, Viet Nam ranks third among ASEAN countries exporting goods to the US behind Malaysia and Thailand. The country is set to be an export leader among Southeast Asian nations to the US by 2015.
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