With two-way trade achieving $77.six billion in 2019, Vietnam is now one particular of the fifteen major trade partners of the United States, he was quoted as declaring by a Vietnamese newspaper.
Past yr, Vietnam’s garment-textile export to the United States was approximately $fifteen billion, building up about forty five for each cent of the country’s overall income in the sector. Through the January-February period of time, the turnover stood at $two.25 billion, up 5.three for each cent yr-on-yr, and accounted for approximately 48 for each cent of the overall.
Nevertheless, if the COVID-19 pandemic lasts lengthier than envisioned in the United States, it will have an effect on Vietnam’s exports to the region, he cautioned.
The United States is also thinking about import of Vietnamese clinical machines to serve its COVID-19 overcome attempts, the ambassador additional.
Fibre2Fashion News Desk (DS)
The US government has no plan to suspend the import of Vietnamese clothes and textiles, according to Vietnamese ambassador to the United States Ha Kim Ngoc, who lately stated the Vietnamese embassy has verified this from appropriate US businesses. In the first two months of 2020, Vietnam’s exports to the United States grew by 25.seven for each cent to $10.26 billion.