Illustrative photo (Photo: congthuong.vn)Hanoi (VNA) – In the first five months of thisyear, Vietnam had a trade surplus with the US at 35 billion USD, ranking third afterChina and Mexico.
Commercial Counsellor in the US Do Ngoc Hung saidthat Vietnam gained the trade surplus as in the market, Vietnamese productscompeted with those from third countries, not the US.
Moreover, Vietnamese exporters offer products with diversified patterns and competitive prices.
Among the group of Vietnam's top 10 exports to the US, six account for 10-27% of theUS’s total import.
Hung said that those factors show that in the long-term,Vietnam will remain a reliable partner of the US in its supply chainshifting policy.
From now to the end of this year, Vietnam’s exports to theUS can enjoy more favourble conditions now that the US economy has seen signs of recovery and consumer demand improved, the official said.
The US Government and businesses continue to pay attentionand are strongly committed to business cooperation with Vietnam, Hung added, pointing out that major US groups such as Walmart, Boeing, andAES have committed to join Vietnam International Sourcing Expo 2023 scheduled from September 13-15 in Ho Chi Minh City.
Major retail chains have started resuming orders to Vietnamwhile Vietnamese goods worth hundreds of billions of USD have been sold viaAmazon’s e-commerce network.
According to Hung, his office will strengthen cooperation withministries, agencies, localities, and associations to organise trade promotionin the provinces of Bac Giang, Vinh Phuc, and Ca Mau.
More promotion activities will be conducted to facilitate theexport of Vietnamese fruits to the US including mango, longan, lychee, dragon fruit, grape fruit, and coconut./.
