Vietnam enjoys trade surplus with Mexico
25/07/2011 118
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Vietnam’s exports to Mexico reached over US$373 million in the first five months of this year, representing a year-on-year rise of 30 percent, said the Trade Office of the Vietnamese Embassy in Mexico on July 21.
During this period, Vietnam’s imports from Mexico dropped 35 percent to US$22.6 million.
Hoang Anh Dung, Trade Counsellor of the Vietnamese Embassy in Mexico, affirmed that Vietnam continues to enjoy trade surplus with this second largest economy in Latin America thanks to an increase in exports of traditional commodities like footwear, garments and aquatic products, especially basa fish.
The Trade Office of the Vietnamese Embassy in Mexico and the Central Bank of Mexico (CBM) agreed that Vietnam’s rising exports to this market in the reviewed period is in line with the host country’s economic recovery process.
CBM forecast that if the situation continued going on well in the latter half of this year, the target of US$1billion in bilateral trade this year is within reach.
2:57 PM, 22/07/2011
Source: VOVNews/VNA
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