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Viet Nam-China trade surpasses US$100 billion in first eight months

VGP - The two-way trade turnover between Viet Nam and China was estimated at US$105.45 billion in the first eight months this year, according to the General Department of Viet Nam Customs.

Posts Khanh Phuong

September 15, 2023 7:01 AM GMT+7
Viet Nam-China turnover surpasses US$ 100 billion in first eight months - Ảnh 1.

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China remains the second largest export market of Viet Nam by occupying 16 percent of the latter's total export turnover.

In the reviewed period, Viet Nam earned US$36.61 billion from exporting goods to the neighboring country, representing a year-on-year increase of 2.35 percent.

Mobile and spare parts, computers and electronic products and fruits and vegetables were the biggest hard currency earners of Viet Nam in China with export turnover of US$8.87 billion, US$8.78 billion and US$2.26 billion, respectively.

Noticeably, fruit export turnover to China expanded nearly 113 percent against the same period last year, equivalent to nearly US$1.2 billion.

On the other hand, Viet Nam spent US$68.84 billion on importing commodities from China, becoming the the biggest importer of China in Southeast Asia.

Of the above figure, Viet Nam imported US$14.28 billion worth of machines, equipment and spare parts, and US$ 14.17 billion worth of computers and electronic devices, from China./.