Vietnam is now the second largest supplier of apparel, footwear, and travel goods to the US market (Photo: baodautu.vn)
Hanoi (VNA) – Vietnam is currently the 10th largest
trading partner of the United States and an important link in this country’s
Recently, 90 CEOs of leading US companies have urged
President Joe Biden to accelerate the donation of vaccines to Vietnam as it battles
its most serious COVID-19 outbreak, Dau tu (Investment) online newspaprer reported.
In a letter sent to the US President, the CEOs of companies
like Adidas, Coach, Gap, Hanesbrands, Nike, VF and Under Amour have emphasized
that Vietnam is an important economic and supply chain partner of the US.
Vietnam “is now the second largest supplier of apparel,
footwear, and travel goods to the US market. Further, Vietnam has become a
major supplier of crucial inputs for America’s small but important footwear
manufacturing industry,” the letter said, adding about 3 million US workers are
connected – through the value chains – to many millions more in Vietnam.
“The health of our industry is directly dependent on the
health of Vietnam’s industry,” the CEOs wrote.
The CEOs have asked President Biden to accelerate the
donation of vaccines and other materials to help keep Vietnam on a strong
footing so it can quickly recover, noting that the crisis of their employees in
Vietnam is also their crisis.
Twenty-six years after the normalisation of bilateral
relations, economic and trade ties between Vietnam and the US have seen great
progress, with two-way trade hitting an all-time high of 90.8 billion USD in
2020, up 19.8 percent year-on-year, despite serious impacts of the COVID-19
Since the Vietnam – US Bilateral Trade Agreement (BTA) took
effect in December 2001, two-way trade has continuously increased.
Bilateral trade was maintained in the first seven months of
2021 as the US continued to be Vietnam’s largest importer with a turnover of
53.7 billion USD, up 37.7 percent year-on-year./.
Originally Appeared Here