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Home News Trade with UK surges 36%

Trade with UK surges 36%

alt The two-way trade between Viet Nam and the UK was nearly US$3.6 billion in the first 10 months of 2012, up 36% on-year, according to the Trade Section of the Vietnamese Embassy in the UK.

Specifically, Vietnamese exports accounted for roughly US$3.2 billion, up 44%. The key items included mobile phones, electric devices, footwear, garments, furniture, machines, mechanical products, coffee, tea, spices, plastic and plastic products.
Viet Nam imported nearly US$377.6 million worth of products, mainly chemicals, pharmaceuticals, steel, optical tools and devices from the UK, up 91%.

The two-way trade is estimated to stand at over US$4 billion in 2012, surpassing the target of US$4 billion set for 2013.

The embassy’s commercial counselor Nguyen Thi Hong Thuy said that the strong growth in the reviewed period was thanks to a number of reciprocal conditions that support the two economies’ cooperation. In order to keep the momentum in 2013, she suggested that Vietnamese businesses should intensify trade promotions in the kingdom.

According to statistics from the Ministry of Industry and Trade, the two-way trade was over US$3 billion in 2011, with Vietnamese exports reaching US$2.4 billion.

By Ngoc Van (VGP News)


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