Vietnam's Northern Province Reports Trade Value US$1.47 Bln in Jan-November

Total import and export value of Vietnam’s northern province of Lang Son reportedly reached US$1.47 billion in the past eleven months of this year, up 59.3 per cent on year, said the provincial Customs Office.

 

Of the sum, the province spent up to US$1.12 billion on importing commodities, a sharp on-year increase of 67.1 per cent, said the office.

 

During the on-going economic downturn period, more high-grade Chinese goods will flow into Vietnamese market in general and Lang Son in particular as transport fee from China to Vietnam is much cheaper than from others, said Vy Cong Truong, Head of the office.

 

He elaborated that over 1,000 tons of Chinese goods with the majority of fruits and vegetable were imported daily via Tan Thanh border gate in Lang Son during the past month, the figure will be much higher ahead Tet holiday.

 

China is among the top trade partners with Vietnam. China buys up to 15 per cent of Vietnam’s exports, behind the U.S. with 20 per cent and the EU with 25 per cent. Bilateral trade is expected to hit US$21 billion this year and jump to US$25 billion by 2010, Vietnamese state media said.

(Youth)