Vietnam’s exports to the U.S. are expected to grow substantially

According to statistics from the General Administration of Customs of Vietnam, as of March 15, the total export growth rate for one year was 62.01 billion US dollars, a year-on-year increase of 22.7%.
In the first two months of this year, exports to the United States amounted to USD 13.83 billion, accounting for 28.4% of total exports.
In the end, the United States has become Vietnam’s largest market. For example, last year’s export scale was US$76.4 billion, accounting for 27% of the export volume of chassis.
Most importantly, the COVID-19 pandemic has been gradually brought under control worldwide, especially after several countries began to vaccinate their populations, many of which were able to reopen their borders and resume trade.
He also pointed out that companies in the country have been hit by the pandemic in the past year or so and are struggling to rebound.
Many countries in the world have launched large-scale stimulus plans to weather the economic downturn and restore trade.
Many analysts agree with these views, saying that the United States has recently launched a $1.9 trillion package plan to directly pay $1,400 to individuals with an annual income of no more than $75,000 starting in April.
This is the third and largest stimulus since the outbreak of the COVID-19 pandemic.
Vietnam is one of the major exporters of the United States, providing basic products, such as fishery products, clothing and electronics, and is expected to benefit from a gradual tax cut plan.