Exports to Viet Nam cross $150 mln in seven months

The value of export to Viet Nam in the past seven months (October-April) of the current financial year 2020-2021 exceeded US$150 million while import was valued at only $25 million, according to the data of the Ministry of Commerce.
The value of trade between Myanmar and Viet Nam totalled $375.35 million in the current FY.
Myanmar’s export items to Viet Nam are base metal, pulses, rice, broken rice, rubber, cigarette, garment, maize, tobacco and other products, whereas it imports electrical equipment and apparatus, transport equipment, plastics, mechanical appliances, paper, paperboard, fertilizers, pharmaceuticals, cotton fabric, artificial and synthetic fabrics, woven fabrics, cotton fabric, chemical elements and compounds, dairy product and other products.
Bilateral trade with Viet Nam grew year over year, however the global pandemic affected the trade.
Viet Nam is listed as the eighth largest trade partner of Myanmar, with an estimated capital of $2.224 billion as of June 2021, according to statistics released by the Directorate of Investment and Company Administration.—Htet Myat /GNLM