Trade Relations

The two nations' bilateral trade value kept rising to nearly $7.45 billion in 2021 and an estimated US$8.5 billion in 2022.

In 2022, two-way trade between Yunnan (China) and the bordering provinces of Vietnam is expected to reach US$3.25 billion.

Vietnam's Prime Minister arrived in Belgium on December 13 and met his counterpart Alexander De Croo to discuss solutions to improve trade and economic relations.

Strengthening trade relations will create more jobs and opportunities for Australia and Vietnam.

This is among measures that should help strengthen bilateral trade relations during the Covid-19 pandemic.

Thailand is the largest trade partner of Vietnam in ASEAN.

Vietnam continues to work on ensuring sustainable and balanced trade relations with the US, Prime Minister Pham Minh Chinh has said.

Vietnam-Canada trade relations have reached US$9 billion, marking a fruitful result created by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

Despite unprecedented challenges from the Covid-19 pandemic, bilateral trade turnover in 2020 rose by 6.6% year-on-year to US$5.1 billion.

A zero percent antidumping rate plays an important role in the local tyre production, which is facing fierce competition from imported products of Thailand and China.