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Vietnam-Mexico trade turnover picks up
Trade turnover between Vietnam and Mexico reached nearly US$720 million in 2009, an increase of 4.73 percent over 2008, announced the Secretariat of Finance and the Bank of Mexico on April 19.
In particular, Vietnam’s exports to Mexico earned the country US$600 million, mostly worth of garments, footwear, seafood, printing-machines, sports equipment and wooden products.
Vietnam imported key products from Mexico such as medicine, chemicals, electronics, iron, steel and seafood.
In 2009, due to the impact of the global economic crisis, Mexico experienced a severe downturn in most fields, especially in the tourism section.
Mexico’s overseas remittances were estimated at US$22 billion, down by 16 percent against 2008. Foreign direct investment pouring into this country also fell by 38 percent to just US$11.4 billion.
Some Mexican economic experts have predicted that this year the country’s economy would achieve a growth rate of 2.5-3.5 percent.
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