Export leaps According to the General Department of Vietnam Customs, trade turnover between Vietnam and India in the first 11 months of 2018 reached US$9.94 billion, up 45 percent compared to a year ago. Vietnam’s exports to India reached US$6.14 billion, a year-on-year increase of 82.2 percent; meanwhile imports reached US$3.8 billion, an increase of nine percent compared to the same period in 2017. Vietnam’s key exports of machinery, equipment and spare parts to India maintained its leading position, with the export value of US$1.63 billion, an increase of 450 percent compared to a year ago, accounting for 26.55 percent of Vietnam’s total exports to that market. Exports of mobile phones and components earned US$785.75 million, a year-on-year increase of 54.4 percent; computers, electronic products and components saw an export of US$736.86 million, up 60 percent over the same period in 2017. In particular, rattan, bamboo, sedge and carpet exports surged, reaching … [Read more...] about India-Vietnam trade surges to unprecedented highs
India vietnam bilateral trade
Vietnam-Africa trade reaches 6.6 billion USD in 2018
Vietnamese rice has been favoured by African consumers.(Photo: VNA) Hanoi (VNA) – Bilateral trade between Vietnam and African nations hit 6.6 billion USD in 2018, with Vietnam’s exports worth 3 billion USD, up 10 percent from the previous year. According to the Ministry of Industry and Trade’s Asia-Africa Market Department, Vietnamese products were shipped to 53 of 55 African countries, excluding South Sudan and Eritrea. Most of the shipments were mobile phones and spare parts, computers and spare parts, garment and textiles, footwear, rice, coffee, pepper, cashew, seafood and building materials. South Africa was the largest importer of Vietnam in the continent in 2018, spending 724.3 million USD on purchasing Vietnamese products, followed by Egypt with 439 million USD and Ghana with 278.3 million USD. Last year, Vietnam’s imports from African nations fell 10 percent to some 3.6 billion USD, helping reduce the trade deficit to 0.6 billion USD. The country … [Read more...] about Vietnam-Africa trade reaches 6.6 billion USD in 2018
India, Vietnam welcome new areas of cooperation
(VEN) - Trade and investment cooperation between Vietnam and India is on a fast track. In addition to the traditional areas of cooperation, the two countries are also developing new fields such as technology and digital economy. Vietnamese Deputy Prime Minister Trinh Dinh Dung spoke at the Vietnam-India Business Forum held in Hanoi on November 19 India is now one of Vietnam’s 10 largest trading partners. Two-way trade has increased over the years since the two countries established a strategic partnership, reaching US$7.63 billion in 2017, and US$8.3 billion in the first nine months of 2018. The two countries are working towards a goal of US$15 billion in bilateral trade. By September 2018, India poured US$877 million into 201 investment projects in Vietnam, ranking 29th among the 129 countries and territories investing in the country. Most of the projects focus on the manufacturing and processing industry, telecommunications, information technology and mining. … [Read more...] about India, Vietnam welcome new areas of cooperation
Vietnam, India aim for US$15 billion bilateral trade volume by 2020
The two-way trade revenue between Vietnam and India is on course to increase and is expected to hit US$15 billion by 2020, heard the Vietnam India Business Forum, held in Hanoi, on November 19. Vietnamese and Indian speakers at the forum Entitled "Building stronger ties for economic integration", the forum witnessed the participation of Indian President Ram Nath Kovind, Vietnamese Deputy Prime Minister Trinh Dinh Dung, and hundreds of Indian and Vietnamese enterprises. The event held four sectorial sessions, including "Agri, Agro-processing, agro chemicals, food and food processing and food products", “Healthcare and Pharmaceuticals”, “Power, Energy, Renewable Energy, Oil & Gas, Infrastructure" and “Service – Information Technology, Communications, Education, Aviation and Tourism”. Nguyen Quoc Toan, Acting Director General of Agro Processing and Market Development Department, under the Ministry of Agriculture and Rural Development, … [Read more...] about Vietnam, India aim for US$15 billion bilateral trade volume by 2020
Vietnam, India identify cooperation areas to bolster bilateral trade
Vietnam and India have defined biotechnology in agriculture and healthcare, super-computing and remote sensing as among key areas to drive bilateral trade to 15 billion USD by 2020 (Illustrative photo: VNA) New Delhi (VNA) – Vietnam and India have defined biotechnology in agriculture and healthcare, super-computing and remote sensing as among key areas to drive bilateral trade to 15 billion USD by 2020, the Indian government has said. Business opportunities and cooperation between India and Vietnam as well as ways and means to promote Indusfood, a trade fair for Indian food and farm produce in Vietnam, were also discussed. Statistics of the General Department of Vietnam Customs showed that two-way trade turnover hit 6.36 billion USD in the first seven months of 2018.-VNA … [Read more...] about Vietnam, India identify cooperation areas to bolster bilateral trade