Vietnam posts trade surplus to Russia

According to latest statistics by Vietnam Customs, trade between Vietnam and Russia in the first seven months of this year reached US$1.34 billion, up 34 percent compared to the same period last year.

Of which, export turnover was $821 million, an increase of 34 percent, while import turnover was $516 million, up 39 percent over the same period last year. Thus, in the first seven months of this year Vietnam posted a trade surplus of US$305 million.

Mobile phones and spare parts accounted for about 40 percent of the total export turnover of Vietnam to Russia. Meanwhile, Vietnam mainly imported gasoline and steel from Russia.

In 2011, Russia was the 22nd biggest trade partner of Vietnam.

By Ha My – Translated by Thuy Doan

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