Vietnam-Pakistan trade turnover forecast to rise 30 per cent
The two-way trade turnover between Vietnam and Pakistan in the first quarter of 2012 hit a record high of $113.6 million, up by 85.6 per cent against the same period last year.
The Import-Export Department under the Ministry of Industry and Trade (MoIT) said exports were estimated at $38.6 million and imports at $75 million.
Tea topped the list of export items with 3,913 tonnes earning $6.6 million (17 per cent). With its annual tea consumption rising by 2 per cent, Pakistan will have to import over 235,000 tonnes by 2015.
Tea was followed by coarse textile fibres ($6.3 million), seafood ($4.5 million), pepper ($4.4 million) and rubber ($1.06 million).
Economic experts forecast that by the end of 2012, the trade turnover between Vietnam and Pakistan would increase by 30 per cent compared to last year.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Tag:
Related Contents
Latest News
More News
- Ties blossom with Laos and Cambodia (July 16, 2024 | 14:00)
- Government keen to push ahead of initial growth targets (July 16, 2024 | 11:32)
- Trading possibilities expand with Malaysia (July 16, 2024 | 10:51)
- Fund policies to help boost tech investing (July 16, 2024 | 09:38)
- The May Legend redefines modern office standards in Haiphong (July 16, 2024 | 08:00)
- Nam Dinh inaugurates its largest textile factory to date (July 15, 2024 | 19:18)
- German firms focus on green investment (July 15, 2024 | 19:14)
- India's Adani Group gets nod to develop a port in Danang (July 15, 2024 | 18:46)
- Hung Yen announces its plan for a thriving and active province (July 15, 2024 | 17:24)
- Industrial property market heats up on trade recovery (July 15, 2024 | 16:49)
Mobile Version