Business

Vietnam’s exports to US up 20 percent

Vietnam’s exports to the US in the first seven months of this year earned more than 9.63 billion USD, a surge of 20.7 percent against the same period last year.
Vietnam ’s exports to the US in the first seven months of this yearearned more than 9.63 billion USD, a surge of 20.7 percent against thesame period last year, according to the US International TradeCommission.

Among Vietnam ’s export items to theUS , garments and textiles took the lead with 3.64 billion USD, ayear-on-year increase of 18 percent, followed by footwear with nearly1.15 billion USD, up 24.5 percent, and wood products with 998.5 millionUSD, up 4 percent.

The country’s electric and audioequipment brought home 485 million USD while fisheries and seafoodgenerated 401 million USD.

During the reviewedperiod, Vietnam imported 2.46 billion USD worth of goods from the US, a rise of 19.9 percent over 2010.

Cottonmaterials, including yarn and cloth, topped the country’s import itemsfrom the US with turnover standing at 282.8 million USD, ayear-on-year increase of 123 percent. It was followed by transportvehicles with 210 million USD, up 50 percent; and machinery, mechanicalequipment and spare parts with 207.4 million USD, up 7 percent.

Vietnam-US two way trade is expected to reach 20 billion USD thisyear, up 10 percent against 2010 and a 13-fold increase over 2001./.
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