Positive signs of Vietnam-Russia trade cooperation

Russia is now Vietnam’s 20th biggest trade partner, with a two-way turnover of US$808 million in the first half of 2010, accounting for 1.1 percent of Vietnam’s import-export turnover, according the General Department of Vietnam Customs.

Vietnam’s export earnings from Russia reached nearly US$300 million in the first two quarters, up by 65.9 percent compared to last year’s same period while its import value dropped by 20.6 percent to US$508 million.

Department officials put the promising figures down to a sharp increase in the export of seafood, rubber, petrol, coffee, cashew nuts, computers, and electronic products, and a decrease in the import of major products like steel, petrol, fertilizer, and aviation fuel.

Tags: Vietnam Russia cooperation, Vietnam Russia trade

Posted by VBN on Jul 13 2010. Filed under Int'l Cooperation. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry