Vietnam enjoys Q1 trade surplus with Indonesia

Vietnam posted a trade surplus of around 110 million USD with Indonesia for the first quarter of the year, according to Vietnam Trade Office in Indonesia.

In the first three months of 2011, Vietnam’s export turnover to Indonesia amounted to 570 million USD, with rice exports reaping 300 million USD, textile and garments fetching 17.6 million USD, vegetables earning 15.4 million USD and equipment 14.2 million USD.

Indonesia’s export turnover to Vietnam reached 460 million USD, including paper products, vegetable oil and chemicals.

With such satisfactory results in Q1, the goal to raise Vietnam’s export turnover to Indonesia to 3.5 billion USD, up 0.2 billion USD against last year, is in hand, said Vietnam’s commercial counsellor in Indonesia Do Ba Tho.

vietnamplus

>   US cuts anti-dumping tariffs on Vietnamese shrimp (18/05/2011)

>   Odd business: Vietnam has to import rubber (18/05/2011)

>   Vietnam restricts car imports with new paperwork (18/05/2011)

>   IT sector sets bullish 60% growth target for year (17/05/2011)

>   Stable goods lose attraction (17/05/2011)

>   Vietnamese-made goods gain foothold (17/05/2011)

>   Vietnam power, petrol prices still too low: Finmin (17/05/2011)

>   Businessmen told to be cautious when doing business with Chinese (17/05/2011)

>   Sugar import quota to stay unchanged (17/05/2011)

>   Local businesses well adapted to hard times in second quarter (16/05/2011)