Trade with the Asia-Pacific region comprised 61.8 percent of Vietnam ’s total trade value in the first half of 2014, according to the Ministry of Industry and Trade.

The value of exports to Northeast Asia (excluding China ), Southeast Asia and Chinese-speaking markets were 10.2 billion USD, 9.4 billion USD and 10.6 billion USD, respectively.

Meanwhile, shipments to the Oceania markets, namely Australia and New Zealand , brought in a modest 1.98 billion USD. However, this figure represents a year-on-year rise of 21.3 percent, the highest growth rate among the Asia-Pacific sub-regions.

On the import side, Vietnam purchased goods worth 25.4 billion USD from Chinese-speaking markets during the first half of this year, up 16 percent year-on-year.

The value of imports from Northeast Asia (excluding China ) came second with 16.1 billion USD, followed by Southeast Asia, which earned 11 billion USD from exports to Vietnam in the period.

Vietnam ’s imports from these two sub-regions increased by 4.5 percent and 4.3 percent, respectively, compared with the first half of 2013.

During that same period, the country’s imports from the Oceania markets surged by 28.9 percent to reach 1.2 billion USD.

According to the ministry, Vietnam 's exports to the ASEAN region rose slightly by 3.6 percent as shipments to major markets fell short of expectations.

Exports to Malaysia and Cambodia fell by 21 percent and 15 percent, respectively, while shipments to Thailand recorded a small increase of 4 percent.-VNA