Exports to Malaysia up in first nine months

Vietnam earned nearly 3.76 billion USD from its export to Malaysia in the first nine months of this year, up 16.4 percent from the same period last year, according to the trade office at the Vietnamese Embassy in Malaysia.
Vietnam earned nearly 3.76 billion USD from its export to Malaysia in the first nine months of this year, up 16.4 percent from the same period last year, according to the trade office at the Vietnamese Embassy in Malaysia.

Computers and electronic products and components topped the list of key exports to Malaysia , fetching 882 million USD, followed by crude oil (785.3 million USD), telephone and spare parts (501.5 million USD), rubber (367.1 million USD) and steel (147.3 million USD).

In the same period, Vietnam spent 3.01 billion USD purchasing commodities from Malaysia, a year-on-year surge of 23.8 percent, bringing two-way trade turnover between the two nations in the reviewed period to 6.77 billion USD.

The main goods imported from Malaysia include computers (639.3 million USD), petroleum products (363 million USD), animal and vegetable oil (324 million USD), chemicals and chemical products (205 million USD), crude oil (202.6 million USD) and plastic materials (201 million USD).

As of October 20 this year, Malaysia had 477 valid investment projects in Vietnam valued at 10.32 billion USD in total, ranking 8 th among 100 countries and territories investing in the nation.

Meanwhile, Vietnamese investors are running nine projects in Malaysia with a total capital of more than 800 million USD.-VNA

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