Vietnam enjoys 3 billion USD trade surplus with Hong Kong in H1
Vietnam enjoys 3 billion USD trade surplus with Hong Kong
Vietnam enjoyed a trade surplus of 3.03 billion USD with Hong Kong (China) in the first half of 2018, a year-on-year increase of 14.6 percent, according to the General Department of Vietnam Customs.
Vietnam’s exports of computers, electronics and parts to Hong Kong hit 1.05 billion USD in the first half of 2018, up 28.6 percent year-on-year. (Photo: VNA)
Hanoi (VNA) – Vietnam enjoyed a trade surplus of 3.03 billion USD with Hong Kong(China) in the first half of 2018, a year-on-year increase of 14.6 percent,according to the General Department of Vietnam Customs.
Two-way tradebetween the two sides expanded 5.6 percent to 4.59 billion USD, of whichVietnam’s exports to Hong Kong were worth 3.81 billion USD, up 9 percent yearon year while imports from Hong Kong approximated 781 million USD, down 8.3percent.
Notably,Vietnam’s exports of computers, electronics and parts hit 1.05 billion USD, up28.6 percent from the same period last year. They topped the list of exportitems to Hong Kong in the first six months, accounting for 27.5 percent oftotal export revenue to this market.
Other key itemsincluded phones and accessories, cameras and parts, machinery and equipment.
Over the pastfive years, trade between Vietnam and Hong Kong has seen double-digit growth.Last year, bilateral trade reached 9.2 billion USD, up 22 percent from 2016.
Hong Kong was one of the first foreign investors in Ho ChiMinh City. As of June 2018, Hong Kong was the sixth largestforeign investor in Vietnam with total investment of nearly 19 billion USD,with Vietnam among the 25 most attractive destinations for Hong Kongbusinesses.
With the ASEAN-Hong Kong free trade agreement,trade and investment between Vietnam and Hong Kong are expected to grow stronglyin the near future. –VNA
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Vietnam’s exports of computers, electronics and parts to Hong Kong hit 1.05 billion USD in the first half of 2018, up 28.6 percent year-on-year. (Photo: VNA)
