The trade turnover between Vietnam and the European Union (EU) reached 76.3 billion USD last year, a year-on-year increase of 5.1%, according to the European-American Market Department under the Ministry of Industry and Trade (MoIT).
The trade turnover between Vietnam and the European Union (EU) reached 52.5 billion USD in the first ten months of this year, up 14% over the same period last year, according to the Ministry of Industry and Trade (MoIT).
Vietnam is on track to see a trade surplus of 10 billion USD this year despite enduring global market uncertainties and fluctuations, according to a report by the Ministry of Trade and Industry.
Vietnamese businesses are increasingly interested in the South African market and want to explore investment opportunities to take advantage of the free trade agreements that South Africa has signed with major markets, including the US and Europe as well as the African market, Vietnamese Ambassador to South Africa Hoang Van Loi has said.
The trade turnover between Vietnam and the Republic of Korea (RoK) reached 66.8 billion USD in the first nine months of this year, up 18.2% year-on-year, and the set target of 100 billion USD will be fulfilled by 2023 if the pace is maintained, heard a meeting in Hanoi on October 28.
Malaysia’s Ministry of International Trade and Industry (MITI) said the nation’s trade continued its upward trajectory in September 2022, up by 31.4% year on year to 256.91 billion RM (54.43 billion USD), marking the 20th consecutive month of double-digit growth.
Trade turnover between Vietnam and Laos hit 1.076 billion USD in the first eight months of this year, an increase of 27% compared to the same period last year.
Since the establishment of their bilateral diplomatic ties in 1962, Vietnam and Laos have promoted cooperation across spheres, with their trade exchange posting substantial growth, benefiting both countries.
The Republic of Korea (RoK) wishes to collaborate with Vietnam in high quality human resources training, technology transfer as well as in mineral exploitation and processing, said RoK Minister of Trade, Industry and Energy Lee Chang-yang during talks with visiting Vietnamese Minister of Industry and Trade Nguyen Hong Dien in Seoul on August 2.
Despite the negative impact of the COVID-19 pandemic, Vietnam’s exports to the European Union (EU) have grown positively as local businesses have effectively exploited incentives from the EU-Vietnam Free Trade Agreement (EVFTA) which took effect in August 2020.
To promote trade and investment relations between Vietnam and the Republic of Korea, the Association for Liaison with Overseas Vietnamese and the Korea-Vietnam Economic and Cultural Association recently organised the Vietnam - Korea Cooperation Forum in Ho Chi Minh City.
Malaysia’s trade turnover witnessed a record high in June, hitting 270.39 billion RM (over 60.6 billion USD), up 43.4% year-on-year, which is a clear sign of strong and flexible development of the country’s economic foundations.
Two-way trade turnover between Vietnam and Lao topped 403 million USD in the first quarter of this year, up 19.2 percent over the same period last year, according to the Vietnamese Trade Office in Laos.
There is a really great potential for Vietnam and Malaysia to promote economic cooperation in the post-COVID-19 period, especially in trade and investment, according to an official from the Malaysian Ministry of International Trade & Industry (MITI).
The Asian and African markets played an important role in the growth of Vietnam's trade thanks to positive import-export figures in 2021, according to the Ministry of Industry and Trade (MoIT).
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