Workers of Hung Viet Co in Hung Yen province make garment products for export. (Photo: VNA) Theimpressive figure made the US the second trade partnerhaving import-export turnover with Vietnam reaching the 100 billion USD markafter China.
Lastyear Vietnam's exports to the US rose 25 percent to nearly 96.3billion USD, accounting for 28.6 percent of the country's total exports.
AmongVietnam's major export items to the US were machinery, equipment and partswith 17.82 billion USD, up 46 percent; textiles and garments (16.1 billionUSD, up 15 percent); computers, electronics and components (12.76 billion USD;up 23 percent); handsets and parts (9.69 billion USD, up 10.3 percent);footwear (7.42 billion USD, up 18 percent); and wood and wooden products (8.8billion USD, up 23 percent).
Lastyear, the country imported nearly 15.27 billion USD worth ofgoods from the US, mainly computers, electronics and components as well as machinery,equipment and parts.
BuiHuy Son, Counselor of the Vietnam Trade Office in the US,said that the two-way turnover, which exceeded 100 billion USDfor the first time in 2021, was a very important achievement, especiallygiven the pandemic, as well as the disruptions and disturbances in thesupply chain and logistics activities.
Alongwith that, the active and flexible activities of two businesscommunities continued to expand trade and investment activities, suchas the resumption of direct flights between Vietnam and the US, and the factthat Vietnamese businesses were increasing investment in the US tocontinue to expand their presence sustainably in the market.
Lookingat import and export activities, not only had the total two-way turnover reacheda record level, but it was also worth mentioning that export activities fromboth directions had good growth rates, Sơn said, adding that the importand export goods between the two sides were very complementary.
Toaccelerate bilateral trade, Son called for continuous efforts fromboth sides, first of all in terms of the policy. The two sides should continueto maintain a dialogue channel, sharing information, and furtherenhancing mutual understanding so that they could detect andcoordinate on problems favourably.
Atthe same time, businesses also needed to seize opportunities, especiallyopportunities from the strong recovery of the US economy, since differentforecasts assessed a relatively high growth rate for the US economy in2022.
Healso suggested businesses closely observe market developments, ensure therequirements of legal traceability, storage, information about documents andinvoices for the origin of goods, so that they could coordinate andprovide information when there were requests for investigation and verificationby US agencies./.
VNA
