Vietnam’s exports to the US in January 2019 were up 42.1 per cent compared to the same period last year.
Exports of garments and textiles to the US increased 34.1 per cent. Other Vietnamese exports to the US include footwear, wood and timber products and mobile phones. Vietnam has also been able to export mangoes to the US after a decade of negotiations and the completion of all procedures required by one of the most choosy markets in the world. In addition the two countries do business in numerous other fields such as seafood, rice, coconut products, mechanical goods, manufacturing, chemicals, cosmetics, electric cables, electronic equipment, and semiconductors.

Two-way trade turnover between Vietnam and the US has increased nearly 120 times. At present, Vietnam is ranked 16th among the leading trade partners of the US.

The US made up 23.3 per cent of Vietnam’s total export turnover in January.

Trade relations between Vietnam and the US in 2019 are expected to see important changes because the US looks likely to recognise the market economy of Vietnam after July 1, 2019.

Therefore, bilateral ties will be laid on the important legal foundation of international commitments. So businesses in Vietnam are proactively developing markets and increasing their domestic production capacity.