Vietnam hopes for over 10 bln USD trade with seven markets

Processing seafood for exports (Illustrative image. Source: VNA)

Hanoi (VNA) – Vietnam expects to record bilateral two-way trade of over 10 billion USD with China, the Republic of Korea, the US, Japan, Thailand, Taiwan (China), and Malaysia in 2017.

According to Vietnam Customs, trade between Vietnam and these markets reached 226.7 billion USD in 2016, making up 64.6 percent of Vietnam’s total trade with foreign countries. The figure is forecast to increase to 281.7 billion USD in 2017.

Vietnam’s trade with China is anticipated to top 89.3 billion USD in 2017, representing a year-on-year rise of 24.2 percent, while that with the Republic of Korea is estimated at 63 billion USD, (up 45.1 percent); the US, 53.4 billion USD (compared to 47.2 billion USD in 2016); and Japan, 34.6 billion USD (up 16.6 percent).

Trade between Vietnam and Thailand this year is likely to reach 15.3 billion USD (up 22.5 percent); Taiwan 15.3 billion USD (up 13.3 percent); and Malaysia, 10.75 billion USD (up 27.1 percent). - VNA

VNA