Deals Worth US$1.4Bln Signed During PM's Visit to US 

Vietnamese and American businesses signed a handful of economic contracts worth up to US$1.4 billion during the visit of Vietnamese Prime Minister to the US last month, according to the Vietnam Chamber of Commerce Industry.

"More important results are long-term cooperation strategies over major industries like aviation, insurance, finance, banking, IT, and textiles that companies of the two countries have agreed," said VCCI chairman Vu Tien Loc.

According to the General Statistics Office, Vietnam attracted 22 US investment projects with combined registered investment capital of over US$76 million in the first half of this year, raising the total number of US investment projects in the country to 232, capitalized at US$1.33 million.

Vietnam is likely to rake in US$6.23 billion from exports to the US this year, up 20 per cent against last year, making the US the largest export market of Vietnam , according to the Ministry of Trade.

The country's key exports to the US this year will include garments (US$2.8 billion), seafood (US$800 million), wooden products (US$800 million), footwear products (US$580 million), crude oil (US$250 million), fruits and vegetables (US$200 million), coffee (US$150 million), machinery and equipment (US$150 million), plastic products (US$50 million) and handicrafts (US$50 million).

To boost exports to America , particularly North America , the Ministry of Trade has worked out 27 trade promotion programs.

Vietnam earned US$1.13 billion from exports to the US in the first quarter of this year with the main exports being garments, footwear, woodworks, seafood, crude, coffee and cashew nuts.

Young People