Increase in trade between Vietnam and Russia

In the first eight months of the year, trade between Vietnam and Russia rose by 49.7 percent to exceed more than US$2.5 billion, according to the Ministry of Economic Development in Russia.

Export turnover from Russia soared 63.8 percent, hitting $1.07 billion while import turnover surged 40.6 percent, touching $1.43 billion.

Last year, trade between the two countries reached $3.06 billion, up 25.2 percent compared to 2010. Of which, exports were $1.33 billion, up 0.3 percent, and imports were $1.72 billion, up 55 percent.

Russia mainly exports machinery, equipment, metal, metallic parts, chemical products, and minerals to Vietnam while importing garments, footwear, farm produce, machinery, equipment, and chemical products from Vietnam.

By T.Van – Translated by Thuy Doan

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