Viet Nam, Malaysia Jan trade up 11.9%

11/03/2015 12:00 - 548 Views

HA NOI (VNS) — Two-way trade turnover between Viet Nam and Malaysia reached US$671.6 million in January.

This reflects a year-on-year increase of 11.9 per cent, according to officials at the Office of Commercial Affairs at the Vietnamese Embassy in Malaysia.

Viet Nam's imports from Malaysia reached $353.6 million, increasing by 25.9 per cent on the year.

Meanwhile, Viet Nam's exports to Malaysia dropped 0.3 per cent to $318 million.

Viet Nam exports to the Malaysian market in January included crude oil, telephones and components, computers and rubber.

Crude oil exports worth nearly $64.5 million ranked first, followed by telephones and components with $58.4 million.

In January, Viet Nam imported computers, electronic products and components ($84.5 million); machines and spare parts ($43.7 million); animal fats and vegetable oils ($29.8 million); and other products from Malaysia.

Malaysia was Viet Nam's eighth largest investor as of January 20, with 484 projects and nearly $10.8 billion in registered capital.

Meanwhile, Viet Nam has invested in nine projects worth $812.6 million in Malaysia.

Source: VNS