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July 5, 2008

Vietnam, Switzerland trade up 18% to $185m

The two-way trade value between Vietnam and Switzerland in the first four months of
2008 reached $185 million, surging 18.36 percent over the same period last year,
state enws agency VNAS quoted the Vietnamese trade mission in the European country
as saying.

In the reviewed period, Vietnam earned about $97.6 million from exports to
Switzerland, a year-on-year increase of 10.7 percent.

Vietnam's main staples exported to Switzerland included coffee, footwear, sea
products, furniture, textiles and garments, watch components.

However, only coffee, sea products, furniture and watch components enjoyed increases
in export turnover over the same period last year while other saw drops.

With its higher demands for production materials, Vietnams imports sharply
increased, particularly medicines and chemicals, that surged by 62 percent and 47
percent, respectively.

Its total import turnover from Switzerland was $87.5 million, up 28.23 percent.

Switzerland by the end of 2007 had 46 valid investment projects capitalised at
$720.86 million in Vietnam, ranking 18th among foreign investors in the country.

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