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Vietnamese exporters expand US market share

Update: 4/11/2014

Viet Nam's export turnover to the US rose by 17.4 per cent over the previous month, reaching $2.84 billion.— Photo vov

HA NOI (VNS) — Viet Nam registered positive growth of exports to the US in the first 10 months, with country's exports to the United States reached US$23.69 billion, a 21.8 per cent year-on-year increase, the Ministry of Industry and Trade reported yesterday.

At a press conference held in the capital city, the ministry said in October alone, Viet Nam's export turnover to the US rose by 17.4 per cent over the previous month, reaching $2.84 billion.

Meanwhile, garments and textiles, shoes, computers and accessories and wood products saw growth rates of more than 10 per cent over the same period last year.

Viet Nam has been the second largest exporter to the US after China, accounting for seven per cent of the country's total imports.

In the first eight months of the year, Viet Nam's garment and textile exports to the US increased by 14 per cent. However, aquaculture product exports to the market will be reduced because of hindrances in Vietnamese product quality.

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