Vietnam enjoys 3 billion USD trade surplus with Hong Kong hinh anh 1Vietnam’s exports of computers, electronics and parts to Hong Kong hit 1.05 billion USD in the first half of 2018, up 28.6 percent year-on-year. (Photo: VNA)

Hanoi (VNA) – Vietnam enjoyed a trade surplus of 3.03 billion USD with Hong Kong (China) in the first half of 2018, a year-on-year increase of 14.6 percent, according to the General Department of Vietnam Customs.

Two-way trade between the two sides expanded 5.6 percent to 4.59 billion USD, of which Vietnam’s exports to Hong Kong were worth 3.81 billion USD, up 9 percent year on year while imports from Hong Kong approximated 781 million USD, down 8.3 percent.

Notably, Vietnam’s exports of computers, electronics and parts hit 1.05 billion USD, up 28.6 percent from the same period last year. They topped the list of export items to Hong Kong in the first six months, accounting for 27.5 percent of total export revenue to this market.

Other key items included phones and accessories, cameras and parts, machinery and equipment.

Over the past five years, trade between Vietnam and Hong Kong has seen double-digit growth. Last year, bilateral trade reached 9.2 billion USD, up 22 percent from 2016.

Hong Kong was one of the first foreign investors in Ho Chi Minh City. As of June 2018, Hong Kong was the sixth largest foreign investor in Vietnam with total investment of nearly 19 billion USD, with Vietnam among the 25 most attractive destinations for Hong Kong businesses.

With the ASEAN-Hong Kong free trade agreement, trade and investment between Vietnam and Hong Kong are expected to grow strongly in the near future. –VNA