Topic: Import and export

There is a significant network of gates and openings on Vietnam’s border with China but the prolonged pandemic strategy of the Chinese side has resulted in falling trade. Figures from Lao Cai province show that total trade in the first nine months reached $1.7 billion, down 39.4 per cent year-on-year.

According to the General Department of Vietnam Customs, of the more than $371 billion in import and export turnover in the first half of 2022, turnover with Asia was nearly $240 billion, or 64.5 per cent. Trade turnover with Africa fell just 0.3 per cent, to more than $4 billion. Trade was in surplus by $743 million in the first half.