Exports to Malaysia up in first nine months
Vietnam earned nearly US$3.76 billion from its exports to Malaysia in the first nine months of this year, up 16.4% from the same period last year, according to the Trade Office at the Vietnamese Embassy in Malaysia.
Computers and electronic products and components topped the list of key exports to Malaysia, fetching US$882 million, followed by crude oil (US$785.3 million), telephone and spare parts (US$501.5 million), rubber (US$367.1 million) and steel (US$147.3 million).
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In the same period, Vietnam spent US$3.01 billion purchasing commodities from Malaysia, a year-on-year increase of 23.8%, bringing two-way trade turnover in the reviewed period to US$6.77 billion.
The main goods imported from Malaysia include computers (US$639.3 million), petroleum products (US$363 million), animal and vegetable oil (US$324 million), chemicals and chemical products (US$205 million), crude oil (US$202.6 million) and plastic materials (US$201 million).
As of October 20, Malaysia had 477 valid investment projects in Vietnam valued at US$10.32 billion in total, ranking 8th among 100 countries and territories investing in the nation.
Meanwhile, Vietnamese investors are running nine projects worth more than US$800 million in Malaysia.