Trade turnover between Vietnam and the Czech Republic reached 1.17 billion USD in 2018, according to the Czech Statistical Office. 

In the year, the Czech Republic shipped more than 140.7 million USD worth of goods to Vietnam, up 32.7 percent against 2017, showing an upbeat sign in the bilateral trade. 

The European country’s major exports to Vietnam included sound and image recording equipment and television sets worth over 64.78 million USD, along with optical, movie and surgery equipment, glass and crystal, plastics, military equipment, seedlings, pharmaceuticals, medicinal herbs and industrial plants. 

Meanwhile, Vietnam exported audio-visual equipment valued at over 365.5 million USD, and footwear and similar products worth 229.8 million USD to the Czech Republic. 

Vietnamese rubber, inorganic chemical compound, leather, garment accessories, apparel, mechanical equipment, wooden furniture, farm produce and seafood were also shipped to the country. 

However, the trade revenue has yet to match economic potential and market demand of the two countries, the office said. 

In 2017, the two-way trade reached 1.12 billion USD.

Source: VNA
 

• Factsheet: The Free Trade Agreement between EFTA and Viet Nam (EFTA - Viet Nam FTA)
• Leveraging FTAs to drive breakthroughs in import-export activities
• South-East Asia's next growth cycle to be driven by 'Fabulous Five', says economist
• Global oil demand set for first annual drop since the COVID-19 pandemic, IEA says
• Progressives look to recharge the Green New Deal for the AI era