Vietnam enjoys trade surplus with Malaysia
(VOV) -Vietnam recorded a trade surplus of US$834 million with Malaysia in the first 11 months of 2013.
According to the Office of Commercial Affairs at the Vietnamese Embassy in Malaysia, two-way trade between Vietnam and Malaysia hit US$8.31 billion in the period, a rise of 13.83% compared to the same period last year. Of which, Vietnam’s exports fetched nearly US$4.6 billion, a year-on-year increase of 9.85%.
Computers and electronic products topped the list of Vietnamese exports as they brought home US$1.1 billion, followed by crude oil (US$879 million), mobile phones and spare parts (US$596.5 million), and rubber (US$464 million).
The country shipped 453,240 tonnes of rice to Malaysia, raking in US$225.5 million. The figure is expected to reach 529,000 tonnes by the year-end.
Meanwhile, Vietnam imported over US$3.7 billion of goods from Malaysia, up 20.58% from a year earlier.
As of November 20, Malaysia ranked 8th among 100 countries and territories investing in Vietnam, with a total of 450 valid investment projects worth US$10.32 billion.