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No plan by US to suspend Vietnamese garment-textile import

Mar '20
Pic: Shutterstock
Pic: Shutterstock
The US government has no plan to suspend the import of Vietnamese garments and textiles, according to Vietnamese ambassador to the United States Ha Kim Ngoc, who recently said the Vietnamese embassy has confirmed this from relevant US agencies. In the first two months of 2020, Vietnam’s exports to the United States grew by 25.7 per cent to $10.26 billion.

With two-way trade reaching $77.6 billion in 2019, Vietnam is now one of the 15 biggest trade partners of the United States, he was quoted as saying by a Vietnamese newspaper.

Last year, Vietnam’s garment-textile export to the United States was nearly $15 billion, making up about 45 per cent of the country’s total revenue in the sector. During the January-February period, the turnover stood at $2.25 billion, up 5.3 per cent year-on-year, and accounted for nearly 48 per cent of the total.

However, if the COVID-19 pandemic lasts longer than expected in the United States, it will affect Vietnam’s exports to the country, he cautioned.

The United States is also considering import of Vietnamese medical equipment to serve its COVID-19 combat efforts, the ambassador added.

Fibre2Fashion News Desk (DS)

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