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NEWS UPDATES Asean Affairs     August 17,  2016  

VN-EU trade value increases 9.1%

Trade value between Viet Nam and the European Union (EU) in the first half of this year has gained a year-on-year growth of 9.05 per cent to US$21.2 billion.

According to the Ministry of Industry and Trade’s European Market Department, during the period, export value from Viet Nam to the EU increased by 8.68 per cent to $16.2 billion and import value to Vi?t Nam from the EU surged by 10.28 per cent to $5 billion.

Viet Nam mainly exported traditional products to the EU, including textile, garment, footwear, and coffee, in addition to seafood and computer.

Viet Nam especially started exporting telephone and its components to the EU in 2011, but the export value of those products in 2015 reached $9.7 billion and accounted for 75 per cent of  its total national export value to EU, it was reported on the ministry’s website on August 10.

In addition, some other products retained growth of between 5 per cent and 10 per cent per year in export value though they did not have large export value, including plastic products, wood and wooden products, handbag, suitcase, and umbrella, apart from pepper, and cashew.

In the first six months, Viet Nam mainly imported from most of EU member countries products that the nation had not produced, or which they lacked, such as machines, equipment, tools and pharmaceutical products, in addition to milk and milk products.

Over the past years, the trade relationship between Vi?t Nam and the EU has gained rapidly and developed efficiently. The bilateral trade value increased by 10 times from $4.1 billion in 2000 to $41.2 billion in 2015.

Of this, the export value from Viet Nam to the EU surged 11 times from $2.8 billion to $30.8 billion while import value from the EU to Vi?t Nam rose eight times from $1.3 billion to $10.4 billion.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


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 The ministry team must meet with President Joko "Jokowi" Widodo one more time to finalize the details, Darmin said.




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