Vietnam-Malaysia trade may touch US$7 billion this year

In the first ten months of this year, trade between Vietnam and Malaysia has almost touched US$6.53 billion, up 21.2 percent year-on-year.

Vietnam exported $3.76 billion worth of goods and imported nearly $2.77 billion worth, an increase of 18.4 percent and 25 percent respectively, compared to the same period last year, said Vietnam’s Commerce Office in Malaysia.

Vietnam mainly exports crude oil, rubber, rice, computers, cell phones, computer and cell phone accessories, coffee, seafood, steel, vehicles, machinery, and other equipment to Malaysia while importing cooking oil, fuel, chemicals, chemical products, petroleum products, wood, wooden products, paper, milk, and dairy products.

It is estimated that the two-way trade between the two countries will exceed $7 billion this year, up 4.5 percent compared to last year.

Among the ten members in ASEAN, Vietnam is currently the fourth biggest importer and exporter to Malaysia after Singapore, Thailand and Indonesia.

Source: Vietnam Plus - Translated by Thuy Doan

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