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In the first seven months this year, Vietnam’s total export value to the American market approximated $77 billion, equal 22 per cent jump on-year, in which exports to the US market were a bright spot reaching $66.7 billion, up 23.7 per cent on-year. Earlier, accelerated export of Vietnamese products to this market was a hallmark in 2021 reaching $114 billion in total export value, showing a 27 per cent jump on-year. Vietnam also witnessed a big export surplus with this market reaching approximately $89 billion last year. Exports to the US surpassed $96 billion in 2021, more than $21 billion compared to 2020, placing the US in the pole position among Vietnam’s export markets with export value far exceeding that of other markets such as China, the EU, ASEAN, South Korea, and Japan. Several new markets clinching free trade agreements (FTA) with Vietnam in America such as Canada and Mexico have increased imports from Vietnam. Apart from seafood and apparel, the export … [Read more...] about Exports to the Americas eye strong rebound

Chairman of the HCMC People’s Committee Phan Van Mai (R) receives Consul General of Belarus in HCMC Ruslan Varankou. (Photo: SGGP) At the reception, Mr. Phan Van Mai highly appreciated the Vietnam-Belarus traditional relationship. He believed the opening of the Consulate General of the Republic of Belarus will contribute to strengthening cooperation between the two countries and nations’ localities. The city will create favorable conditions for the Consulate General of Belarus’ operation. This will be a long-term foundation for the development of relationships between two countries in general, HCMC and Belarus particularly, he added. The city’s chairman said that HCMC and Belarus have much cooperative potential. The two sides need to enhance cooperation in the sectors of trade, investment, culture, education and tourism. He expressed his honor to welcome the President of the Republic of Belarus who is expected to take a visit to Vietnam at the end of this year. … [Read more...] about HCMC, Belarus enhance cooperative relations