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Exports to the US inch up 17% to US$41.5 billion

Update: 22-06-2016 | 14:24:19

 Vietnam-US trade relations have enjoyed strong growth in recent years and hit US$41.5 billion last year, according to the Vietnam Chamber of Commerce and Industry (VCCI) Ho Chi Minh City’s branch.

Of the figure, Vietnam’s exports to the US rose 17% to US$33.5 billion and imports jumped 27% to US$8 billion.

During the first five months of this year, total trade with the US reached US$17.8 billion, of which exports were US$14.5 billion and imports were US$3.2 billion.

Meanwhile, up to May this year, US businesses have invested in 809 projects in Vietnam with a total registered capital of US$10.8 billion, ranking 8th among more than 100 foreign investors in the country.

In last year alone, they invested in 54 projects with a total registered capital of US$217 million.

Vietnam received around 491,000 US visitors last year, a year-on-year rise of 10.7%, and 245,000 US tourists in the first five months of this year.

 

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