Pic: Adobe Stock Vietnam’s exports to the bloc during the period were worth $$24.6 billion—up by 12.6 per cent YoY.
Trade turnover between Vietnam and the ASEAN was $54.9 billion during the first eight months of 2024—up by 12.5 per cent YoY, with the country posting a trade deficit of $5.6 billion with the bloc. Exports to the bloc in the period were worth $$24.6 billion—up by 12.6 per cent YoY, while imports from the bloc were worth $30.2 billion—up by 12.4 per cent YoY.Thailand was as the country’s largest export market during the period, with turnover hitting $5.23 billion—up by 7.2 per cent YoY. It was followed by Indonesia, exports to where were worth $4.15 billion—a rise of 23.6 per cent YoY, and the Philippines, exports to where rose by 17 per cent YoY to $4.07 billion.
Vietnam’s exports to Cambodia, Malaysia, and Singapore surged by 3.9 per cent, 4.2 per cent and 26.3 per cent YoY to $3.52 billion, $3.48 billion and $3.46 billion respectively.
Exports to Brunei increased by 569 per cent YoY to reach $197 million and those to Laos rose by 20.6 per cent YoY to hit $429 million during the eight-month period, a domestic media outlet reported.
Vietnam spent $30.2 billion on importing goods from ASEAN during the period—up by 12.4 per cent YoY. Thailand topped, with exports worth $7.8 billion to Vietnam—a YoY rise of 1.3 per cent.
The total Vietnamese import turnover from six ASEAN markets—Thailand, Indonesia, Malaysia, Singapore, Cambodia and the Philippines—reached $28.8 billion during the period, accounting for 95 per cent of the import proportion from the bloc.
SBS Zipper News Desk (DS)
More Association of Southeast Asian Nations News... More Textiles News - Vietnam...Copyright © 2024 SBS Corporation All Rights Reserved.