PM Nguyen Xuan Phuc to attend China’s international import expo

Update: 09:03 | 31/10/2018

Prime Minister Nguyen Xuan Phuc will attend China’s first International Import Expo in Shanghai on November 4-5. 

Related newsPM Nguyen Xuan Phuc, China, international import expo, Chinese President Xi Jinping, Two-way trade, total import-export turnover, trade deficit

PM Phuc’s attendance is made at the invitation of Chinese President Xi Jinping.

PM Nguyen Xuan Phuc, China, international import expo, Chinese President Xi Jinping, Two-way trade, total import-export turnover, trade deficit

Prime Minister Nguyen Xuan Phuc.

Two-way trade between Vietnam and China reached 93.6 billion USD in 2017, up 30 percent year-on-year, and accounting for 22 percent of Vietnam’s total import-export turnover. Of the total, 35.4 billion USD came from Vietnam’s exports.

Vietnam posted a trade deficit of 28 billion USD with China in 2016. The figure was down to 22.7 billion USD last year, a positive sign in improving the bilateral trade balance.

Bilateral trade is forecast to exceed 100 billion USD in 2018.

 

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Source: VNA

 
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