Vietnam's trade value with Africa-West-South Asia markets reached 9.85 billion USD over the first eight months of this year, according to the General Department of Customs.
To the figure, exports contributed 5.73 billion USD, while 4.12 billion USD came from imports representing 7 percent fall on last year, it said.
Vietnamese key export items enjoying significant growth during the period included rice, coffee, textiles and garments, seafood and mobile phones.
During the period, the country's exports to the Middle East bloc experienced the highest growth, soaring by 87 percent to hit 2.82 billion USD due to significant increases in exports to the United Arab Emirates and Arabia.
The two markets imported 1.29 billion USD and 372 million USD worth of Vietnamese products, surging 159 percent and 132 percent, respectively, against the same period last year.
Exports to South Asia held steady, while exports to India, one of the most important markets in the region, rose by 13 percent year-on-year to 1.05 billion USD.
Meanwhile, the African countries’ imports from Vietnam dropped by 49 percent, reaching only 1.43 billion USD due to a slump in demand for Vietnamese precious stones and metals.
The Ministry of Industry and Trade (MoIT) estimated that the nation’s exports to those markets last month added an additional of 1 billion USD.
Many of Vietnamese exports such as seafood, coffee, pepper, textiles and garments have been performing well in those markets, a trend reflected in the expanding export volume, reported MoIT.
The structure of the country’s exports to those markets has shifted to include more industrial and manufactured products, including mobile phones, computers and electronics. This development is considered an important precondition for Vietnam to maintain stable export growth in the markets for years to come.
Experts predict that Vietnam’s exports to Africa, West and South Asia will increase after the country approved the National Import, Export Strategy for the 2011-20 period late last year, implementing programmes to promote exports to Africa and strengthen trade ties with the Middle East by 2015.-VNA
To the figure, exports contributed 5.73 billion USD, while 4.12 billion USD came from imports representing 7 percent fall on last year, it said.
Vietnamese key export items enjoying significant growth during the period included rice, coffee, textiles and garments, seafood and mobile phones.
During the period, the country's exports to the Middle East bloc experienced the highest growth, soaring by 87 percent to hit 2.82 billion USD due to significant increases in exports to the United Arab Emirates and Arabia.
The two markets imported 1.29 billion USD and 372 million USD worth of Vietnamese products, surging 159 percent and 132 percent, respectively, against the same period last year.
Exports to South Asia held steady, while exports to India, one of the most important markets in the region, rose by 13 percent year-on-year to 1.05 billion USD.
Meanwhile, the African countries’ imports from Vietnam dropped by 49 percent, reaching only 1.43 billion USD due to a slump in demand for Vietnamese precious stones and metals.
The Ministry of Industry and Trade (MoIT) estimated that the nation’s exports to those markets last month added an additional of 1 billion USD.
Many of Vietnamese exports such as seafood, coffee, pepper, textiles and garments have been performing well in those markets, a trend reflected in the expanding export volume, reported MoIT.
The structure of the country’s exports to those markets has shifted to include more industrial and manufactured products, including mobile phones, computers and electronics. This development is considered an important precondition for Vietnam to maintain stable export growth in the markets for years to come.
Experts predict that Vietnam’s exports to Africa, West and South Asia will increase after the country approved the National Import, Export Strategy for the 2011-20 period late last year, implementing programmes to promote exports to Africa and strengthen trade ties with the Middle East by 2015.-VNA
