Vietnam-Pakistan trade value rises 30 pct

Two-way trade between Vietnam and Pakistan is forecast to rise around 30 percent from last year’s figure, trade experts said.

Two-way trade reached a record $113.6 million in the first quarter of the year, a year-on-year rise of 85.6 percent, according to the Imports-Exports Department of the Ministry of Industry and Trade.

According to the Department, tea exports fetched $6.6 million, representing 17 percent of Vietnam’s exports to Pakistan. It was followed by fiber and yarn with $6.3 million; seafood, $4.5 million; and pepper, $4.4 million.

Head of the ministry’s Africa, West Asia and South Asia Department Ly Quoc Hung said Pakistan imported almost 17,600 tonnes of green and herbal tea worth $32 million from Vietnam last year.

 

Category: Economy