Vietnam remains China’s biggest trader in ASEAN
Trade between Vietnam and China has produced positive results, despite long-lasting difficulties caused by the COVID-19 pandemic, with Vietnam affirming its position as China’s largest trade partner in ASEAN.
China Customs statistics show that two-way trade hit US$111.2 billion in the first eight months of 2020, a year-on-year jump of 13.4%. Of the total, Vietnam exports were valued at US$44.1 billion, and imports at US$67 billion, up 20.9% and 8.9%, respectively.
With these figures, Vietnam remained China’s seventh biggest trade partner in the world and its largest trader in ASEAN.
Amid COVID-19 outbreaks, the two countries have promptly discussed measures to maintain trade activities and put forward initiatives to boost virtual business exchanges.
More measures are expected to be carried out in the time ahead to continue fostering bilateral trade cooperation.