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Vietnam, RoK enjoy thriving trade

The Republic of Korea (RoK) surpassed the US to become the second largest trade partner of Vietnam, with two-way trade hitting 29.1 billion USD in the first six months of this year.
Vietnam, RoK enjoy thriving trade ảnh 1Vietnam, RoK enjoy thriving trade  - illustrative image (Source: VNA)
Hanoi (VNA)– The Republic of Korea (RoK) surpassed the US to become the second largest tradepartner of Vietnam, with two-way trade hitting 29.1 billion USD in the firstsix months of this year.

The RoK alsoreplaced China to post the largest trade surplus with Vietnam in the period, at15.9 billion USD.

Vietnam’s export to the country increased by 29.1 percent, while imports surged51.2 percent, bringing two-way trade value to 29.1 billion USD.

Vietnam mainly exports telephone, textile and aquatic products, electrics andspare-part, wooden products, vegetables and fruit to the RoK, while importing automotiveparts, fiber, fabric, equipment and consumer products

Experts attributed the increase to the enforcement of the Vietnam-RoK FreeTrade Agreement.

Last year, the value of trade between Vietnam and the RoK stood at 43.1 billionUSD, of which Vietnam’s exports were valued at 11.5 billion USD, up 29 percentagainst 2015, led by industry and agriculture.-VNA

VNA
#Vietnam #RoK #second largest trade partner #largest trade surplus #two-way trade value #Vietnam news #Vietnamplus Korea (RoK) Vietnam
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