Vietnam’s key export items to China are materials and fuels such as crude oil, rubber and coal, of which export values make up 52.62 per cent of Vietnam’s total export to the Chinese market, according to the Ministry of Trade.
The ministry forecast that export value of the three commodities to China this year will fetch US$1.15 billion, down 0.86 per cent on-year, US$600 million, up 15.6 per cent and US$450 million, up 21.6 per cent, respectively.
Vietnam also ships other products to China including agricultural and forestry products, seafood, aquatic products, vegetables, cashew nut, tea, coffee, computer, electronic products, wooden products, and footwear products.
Meanwhile, it imports from China petroleum products, cloth, garment and textile accessories, machinery, spare parts, steel, metal products, electronic devices, auto and motor components, fertilizer, and chemicals.
Vietnam-China two-way trade turnover is projected to hit US$10.2 billion this year, up 10.4 per cent against the figure in 2005. The figure is expected to hit US$15 billion in 2010.
Vietnam Economic Times
Vietnamese
