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Vietnam, Malaysia enjoy thriving trade

Vietnam and Malaysia recorded a two-way trade value of over 3.97 billion USD in the first five months of 2017, an increase of 27.9 percent year-on-year, according to the Vietnamese Trade Office in Malaysia.
Vietnam, Malaysia enjoy thriving trade ảnh 1Vietnam and Malaysia record a two-way trade value of over 3.97 billion USD in the first five months of 2017 (Photo: VNA)

KualaLumpur (VNA) – Vietnam and Malaysia recorded a two-way trade value of over3.97 billion USD in the first five months of 2017, an increase of 27.9 percentyear-on-year, according to the Vietnamese Trade Office in Malaysia.

Ofthe sum, Vietnam’s exports hit 1.73 billion USD, up 57.2 percent while itsimports were worth 2.23 billion USD, rising 11.8 percent.

Malaysiais the eighth largest trade partner of Vietnam, accounting for 2.4 percent of themarket share, after China, the Republic of Korea, the US, the European Union,Japan, Taiwan (China) and Thailand.

Bilateraltrade turnover is projected at about 9.5 billion USD this year.

TheMalaysian Department of Statistics said the country’s gross domestic product (GDP)was at 5.6 percent in the first quarter, the highest growth recorded in recenttwo years.

Malaysia’seconomy is expected to continue recovering in the next six months and its GDP in2017 will grow at 4.5 - 4.8 percent.-VNA

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#Vietnam #Malaysia #two-way trade value #Vietnamese Trade Office in Malaysia #exports #imports #Vietnam's trade partner #bilateral trade #vietnamplus #Vietnam News Agency Malaysia Vietnam
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