Trade between Vietnam and Israel reached 236.58 million USD in the first two months of this year, according to the Vietnamese Trade Office in Israel.
Vietnam’s export to the nation expanded 4.5 percent while its import was up 376.1 percent year-on-year, said Counsellor Le Thai Hoa.
Vietnam’s import of Israeli computers, and electronic products and components of big values has a role to play in a trade deficit of 19.62 million USD during the reviewed period.
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In the two months, Vietnam shipped over 6.24 million USD worth of tuna to Israel, making up 6.6 percent of the country’s turnover from its total export of the fish, and down 32 percent year-on-year.
Vietnam’s frozen cuttlefish export value to Israel was 752,000 USD, accounting for 1.14 percent of the total of the food, and up 335.6 percent compared with the same period last year.
Israel is one of Vietnam’s 10 biggest tuna and cuttlefish importers.
The office projected that during the first quarter of this year, Vietnam’s export value to Israel will excess 163 million USD and its import value, about 192 million USD.
Trade minister asks for optimising EVFTA commitments
Minister of Industry and Trade Tran Tuan Anh on February 26 asked relevant departments and agencies to optimise commitments in the European Union – Vietnam Free Trade Agreement (EVFTA) which will take effect later this year.
IFC raises trade finance limits to support firms amid COVID-19
The International Finance Corporation (IFC) announced it has increased trade finance limits for Vietnamese banks to improve their capacity to cover payment risks in granting trade financing to local companies affected by the outbreak of the novel coronavirus (COVID-19).
Bac Giang enhances activities to care for benefit of trade unionists and laborers
(BGO) – Implementing the Programme No.06/CTr-LDLD issued by the
Executive Board of the Labor Federation in Bac Giang province about
accelerating the activities to protect and care for the benefit as well as
effectively implement the welfare programme for the trade unionists and
laborers in the period 2018 – 2023, the provincial Labor Federation has issued
the 2020 Plan and instructed to the trade union at all level.
COVID-19: Border localities asked to resume trade with China
Minister of Industry and Trade Tran Tuan Anh has asked the northern provinces of Lang Son and Quang Ninh to resume imports, exports and transport of goods through three sub-border gates in the two localities after a suspension due to the outbreak of the coronavirus disease (COVID-19).
Source: VNA
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