Exports to Middle East to Reach US$2.4 Billion

Vietnam’s exports to the Middle East are likely to reach approximately US$2.4 billon by the end of the year, up 69 percent over last year.

 

The estimated figures were announced by the African - Western Asia – Southern Asia Department under the Ministry of Industry and Trade.

 

They may reach US$5 billion in 2015, the department said. Ly Quoc Hung, head of the department attributed the export growth to Vietnamese firms’ efforts to promote product advertising at trade fairs and participate in business conferences, and updated market information, determine customer demand and seek new trade partners from the Middle Eastern market.

 

He suggested the firms deepen their understanding of business customs in the Middle East. The department plans to organise online business meetings for Vietnamese firms in six Middle East countries early next year, he said.