Vietnam, China trade revenue hits $2.61bn in H1

GMT 03:12 2014 Friday ,25 July

Arab Today, arab today Vietnam, China trade revenue hits $2.61bn in H1

Border trade
Hanoi - QNA

The total revenue of border trade between Vietnam and China hit $2.61 billion in the first half of 2014, up 13% year-on-year, according to Vietnam's Border Trade Steering Committee.
Statistics of the committee show that the bilateral border trade maintained uptrend with an average growth of 4% per month.
During the six-month period, Vietnam enjoyed a surplus of $800 million in border trade, up 126% year-on-year, local Tien Phong (Pioneer) online newspaper quoted the committee as saying on Wednesday.
Rice was the item having the largest export revenue during the period. A total of 529,000 tons of rice worth some $198 million was exported to China from January to June. Around 97% of the rice was exported to China through the border gate in northern Lao Cai province, some 354 km north of Hanoi, said the committee.
China remained the biggest exporter to Vietnam in the six months, as Vietnam spent around $20.4 billion buying goods from China during the period, up 21.1% year-on-year.
As for the total trade between the two countries, Vietnam saw a deficit of some $13.1 billion, up 21.2% year-on- year, according to Vietnam's General Statistics Office.

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