Vietnam’s export earnings from the US market hit US$2.35 billion in January 2014, a year on year increase of 16.2%, according to Vietnam Customs statistics.
Textiles topped the list of export items, earning US$954.53 million, up 20.9% compared to the same period last year.
They were followed by footwear, raking in US$248.12 million, up 2.6%, and wood products, valued at US$186.67 million, up 1.9%.
Notably, mobile phone handsets and accessories ranked fifth, rising 1% to US$126.93 million.
Approximately 1.5 million Vietnamese residents in the US support Vietnamese products in penetrating the US market.
Besides, Trans-Pacific Partnership (TPP) agreement negotiations are entering the final stage, and once the trade pact is signed, it will offer plenty of opportunity to Vietnamese exporters.
However, the Vietnamese Trade Office in the US warns Vietnamese businesses will encounter difficulties breaking into the US market unless they meet its tough requirements.
Other News
- Hanoi seeks 5% export growth in 2025
- Vietnam-Laos Industrial Park: New direction to strengthen bilateral ties
- Hanoi's foreign trade turnover hits US$60.1bn in 2024
- Vietnam confident of achieving 8% growth rate in 2025
- UK’s accession to CPTPP to benefit Vietnam’s exports in 2025
- Hanoi seeks greater efficiency in e-commerce tax management
- Hanoi's wet markets in decline amid changing consumer behaviors
- Heavy fines for unhygienic street vendors in Hanoi
Trending
-
President and spouse join overseas Vietnamese celebrating tradition ahead of Tet
-
Vietnam news in brief - January 19
-
2025 spring book fair opens to boost reading in Hanoi
-
Hanoi kicks off the Spring Calligraphy Festival in celebration of Lunar New Year
-
Hanoi’s central role means heightened responsibility in foreign affairs: Mayor
-
Hanoi revives historic Tet traditions in Duong Lam Ancient Village
-
AI set to drive Vietnam's economic growth in 2025
-
Two Vietnamese cities in Asia's top five destinations for digital nomads
-
Prime Minister sets vision for Vietnamese football: Asian glory and World Cup dreams