11:05 | 23/03/2020 Trade
The US Government has no plan to suspend the import of Vietnamese garment-textiles, said Vietnamese Ambassador to the US Ha Kim Ngoc.
The embassy has contacted relevant US agencies to clarify the information, the ambassador said. He pointed to the sound development of the Vietnam-US comprehensive partnership, with two-way trade reaching US$77.6 billion in 2019, making Vietnam one of the US’s 15 biggest trade partners.
In the first two months of this year, Vietnam’s exports to the US grew 25.7% to US$10.26 billion, in contrast to its decreasing export values to some other markets.
|Vietnamese Ambassador to the US Ha Kim Ngoc - Photo: zing.vn|
Last year, Vietnam’s garment-textile export to the US was nearly US$15 billion, making up about 45% of the country’s total revenue in the sector. During the January-February period, the turnover stood at US$2.25 billion, up 5.3% year-on-year, and accounted for nearly 48% of the total.
However, if COVID-19 lasts longer than expected in the US, it will affect Vietnam’s exports to the country, he warned.
He thus called on businesses to keep calm and optimise opportunities to maintain production and exports, while reviewing their business strategies to adapt to the new situation.
The ambassador also urged domestic firms to seriously follow the Vietnamese Prime Minister’s instructions against origin fraud and tax avoidance so as not to violate relevant regulations set by the two countries.
The Vietnamese Embassy in the US will continue to liaise with US authorities to provide the best support for Vietnamese businesses, Ngoc said, expressing his hope that once the epidemic is contained, there will be a consumption recovery, which would facilitate Vietnam’s exports to foreign countries, including the US.
On this occasion, the ambassador spoke of cooperation in the fight against COVID-19 between the two countries.
The Emergency Reserve Fund for Contagious Infectious Diseases under the US Agency for International Development (USAID) will inject US$37 million to help regional countries, including Vietnam, combat the disease, he said.
The US is also considering the import of Vietnamese medical equipment to serve its disease combat efforts, the ambassador added.