Vietnam - China trade turnover surpasses USD100 billion
Thursday, 21/03/2019 16:50 (GMT+7)
A conference to introduce China Import and Export Fair (Canton Fair) and boost trade with the market was held on March 20th by the Vietnam Chamber of Commerce and Industry in Ho Chi Minh city, in association with China Foreign Trade Center.
Photo for illustraiton
According to the chamber, China continues to be the biggest trade partner of Vietnam, and Vietnam has surpassed Malaysia to be the top trade partner of the country in ASEAN.
In 2018, total two-way trade turnover reached more than USD106 billion, a year-on-year rise of 14%. With this, China is the first trade partner of Vietnam to set a record of more than USD100 billion.
Of this, Vietnam’s commodity export value to the market hit over USD41 billion, a year-on-year rise of 16%.
The structure of Vietnam's exports to China has changed positively, gradually increasing the proportion of manufactured goods and agricultural, forestry and fishery products, while gradually reducing the proportion of raw materials, fuels and minerals./.
BTA
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