In the year, the Czech Republic shipped more than 140.7 million USD worth of goods to Vietnam, up 32.7 percent against 2017, showing an upbeat sign in the bilateral trade.

Illustrative image.

The European country’s major exports to Vietnam included sound and image recording equipment and television sets worth over 64.78 million USD, along with optical, movie and surgery equipment, glass and crystal, plastics, military equipment, seedlings, pharmaceuticals, medicinal herbs and industrial plants.

Meanwhile, Vietnam exported audio-visual equipment valued at over 365.5 million USD, and footwear and similar products worth 229.8 million USD to the Czech Republic.

Vietnamese rubber, inorganic chemical compound, leather, garment accessories, apparel, mechanical equipment, wooden furniture, farm produce and seafood were also shipped to the country.

However, the trade revenue has yet to match economic potential and market demand of the two countries, the office said.

In 2017, the two-way trade reached 1.12 billion USD.

CPTPP trade deal officially takes effect

The 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially came into force on December 30, creating a free trade area covering more than a tenth of the global economy.

 

Vietnam records surplus in trade with Canada

According to preliminary data of Statistics Canada, Vietnam’s exports to the North American country rebounded in 2018 to CAD5.35 billion, up 5.2% year on year. Its imports from Canada stayed flat at around CAD1.01 billion.

 

Vietnam key trade partner of Russia in SE Asia: official

Vietnam has become a key trade partner of Russia in Southeast Asia, which is proved through the results of the two countries’ economy-trade cooperation in 2018, Russian news agency TASS quoted Vyacheslav Kharinov, Chief Representative of the Russian Trade Office in Vietnam, as saying.

 

Trade surplus estimated at 7.21 billion USD this year

The General Department of Vietnam Customs estimates the country’s trade surplus this year at 7.21 billion USD, 5.1 billion USD higher than the figure registered last year.

 

Tangerine variety in Hoa Binh granted collective trademark

A tangerine variety grown in Nam Son commune, Tan Lac district of the north-western province of Hoa Binh has been granted the collective trademark.

 

Source: VNA