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Trade with Americas hits $18bn this year

Update: September, 14/2012 - 11:04

 

Engineering companies seek US business

The Ministry of Industry and Trade has announced plans for a business trip for domestic engineering enterprises to seek new business opportunities in the US cities of New York, San Francisco and Chicago.

The trip, from October 5-15, aims to help local firms to explore market trends in developing support products used by the machinery engineering industry in the US, establish relationships with US firms as well as better advertise the advantages of Vietnamese support products in the engineering industry.

During their stay in the US, the businesses would get the chance to meet representatives from engineering companies to exchange co-operation opportunities and participate at the MetalCon International 2012 expo, one of the biggest exhibitions on the machinery engineering industry in the US. —VNS

HA NOI (VNS)— Two-way trade between Viet Nam and countries in the Americas exceeded US$18 billion during the first seven months of this year, up 19 per cent against the same period last year, according to the Viet Nam General Department of Customs.

During the period Viet Nam enjoyed a trade surplus with nearly $13.4 billion in export revenue and more than $4.6 billion in value of imports, representing a year-on-year increases of 20 per cent and 16 per cent respectively.

The US remained Viet Nam's biggest trading partner in the region, with export-import turnover rising 20 per cent to $13.9 billion during the period, followed by Brazil ($1.1 billion), Canada ($903 million), Argentina ($530 million) and Mexico ($473 million).

Viet Nam's key export items to these countries included garments and textiles, wooden goods, footwear, seafood, machinery and accessories. Its imports from the Americas included computers, electronics and components, foodstuff and materials. — VNS

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