Vietnam recorded a trade surplus of nearly 90 million USD with Malaysia in the first two months of 2014, according to the Trade Office of the Vietnamese Embassy in the host country.
Two-way trade between Vietnam and Malaysia hit 1.24 billion USD in the period, of which the former’s exports fetched around 665 million USD.
Crude oil top the list as they brought home over 186 million USD, followed by mobile phones and spare parts with 95 million USD, computers and electronics 93.2 million USD, and rubber 35.3 million USD, according to the General Department of Vietnam Customs.
Meanwhile, Vietnam imported more than 575 million USD of goods from the market such as machinery, equipment, plastic products, chemicals, and household appliances.
Between 2011 and 2013, bilateral trade enjoyed an average growth of 24 percent per year. Last year alone, two-way trade exceeded 9 million USD, of which Vietnam ran a trade surplus of 850 million USD, statistics from the Vietnamese Embassy in Malaysia showed.
Malaysia is the 3rd biggest trade partner of Vietnam in the Association of Southeast Asian Nations (ASEAN) and the 8 th largest investor out of nations and territories investing in Vietnam, with 455 projects worth 10.4 billion USD in registered capital.
Both countries are striving to increase two-way trade to 10 billion USD by 2015, in a deal reached during the 2011 Malaysia visit by President Truong Tan Sang.-VNA
Two-way trade between Vietnam and Malaysia hit 1.24 billion USD in the period, of which the former’s exports fetched around 665 million USD.
Crude oil top the list as they brought home over 186 million USD, followed by mobile phones and spare parts with 95 million USD, computers and electronics 93.2 million USD, and rubber 35.3 million USD, according to the General Department of Vietnam Customs.
Meanwhile, Vietnam imported more than 575 million USD of goods from the market such as machinery, equipment, plastic products, chemicals, and household appliances.
Between 2011 and 2013, bilateral trade enjoyed an average growth of 24 percent per year. Last year alone, two-way trade exceeded 9 million USD, of which Vietnam ran a trade surplus of 850 million USD, statistics from the Vietnamese Embassy in Malaysia showed.
Malaysia is the 3rd biggest trade partner of Vietnam in the Association of Southeast Asian Nations (ASEAN) and the 8 th largest investor out of nations and territories investing in Vietnam, with 455 projects worth 10.4 billion USD in registered capital.
Both countries are striving to increase two-way trade to 10 billion USD by 2015, in a deal reached during the 2011 Malaysia visit by President Truong Tan Sang.-VNA
