How US investors’ positive sentiment towards Vietnam grows stronger?

Vietnam has set to be a bright alternative in Asia for US businesses amid the unprecedented challenges. Vietnam, one of few countries in the world that have controlled the Covid-19 and reopened the economy early amid global uncertainties, has gained positive sentiment among US investors. Moreover, the closer relationship has resulted in billion-dollar economic deals as part of efforts to balance the bilateral trade that Vietnam has been beneficiary for years. In terms of trade, the US-Vietnam trade totaled an estimated US$81.3 billion in 2019. The US goods and services trade deficit with Vietnam was US$54.5 billion in the same year, according to the Office of the United States Trade Representative (USTR). Vietnam was the US’s seventh largest supplier of goods imports in 2019 with US$66.6 billion in 2019, up 35.5% on-year, and up 442.2% from 2009. US imports from Vietnam account for 2.7% of overall US imports in 2019. Top exports to the US from Vietnam include phones and spare parts; computers, electronic products, and components; garments and textiles; agricultural products; and footwear. In terms of investment, in 2019, US foreign direct investment (FDI) in Vietnam was US$2.6 billion, down 8.2% on-year. In a latest move, US and Vietnamese… Read full this story

How US investors’ positive sentiment towards Vietnam grows stronger? have 350 words, post on vietnamnet.vn at November 26, 2020. This is cached page on VietNam Breaking News. If you want remove this page, please contact us.