Vietnam exported goods worth 8.21 billion USD to the Americas in January and spent 1.64 billion USD on imports from this market, resulting in a trade surplus of 6.56 billion USD, according to the Ministry of Industry and Trade (MoIT).
The Ministry of Industry and Trade will focus on solutions to tighten Vietnam’s economic and trade relations with European and American partners, Minister Nguyen Hong Dien has affirmed.
Two years after it came into effect, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has helped Vietnam significantly boost its exports to other member nations and open the door to members in the Americas, which are bursting with potential, Deputy Minister of Industry and Trade Do Thang Hai told a seminar in Hanoi on April 27.
The Americas remained some of Vietnam’s largest trade partners despite the adverse effect on commerce caused by the COVID-19 pandemic, heard participants at a conference organised by the Ministry of Industry and Trade (MoIT), aimed at connecting Vietnamese firms with trade partners in American countries in Hanoi on September 25.
The Americas was the fastest growing trade partner continent of Vietnam in the first five months of 2019, with expansion of over 22 percent, according to the General Department of Vietnam Customs.
A delegation of the Communist Party of Vietnam (CPV) led by Tran Dac Loi, Vice Chairman of the CPV Central Committee’s Commission for External Relations, attended the 23rd meeting of the Sao Paulo Forum that took place in Managua, the capital of Nicaragua, from July 16-20.