President Lee agreed with the proposals, affirming coordination with Vietnam to identify measures to raise bilateral trade to 150 billion USD by 2030 in a more balanced manner, and to facilitate deeper participation by Vietnamese firms in the RoK’s global supply chains.
Bilateral trade cooperation between Vietnam and Indonesia is prospering, with the two sides aiming to surpass the US$15 billion trade target set for 2023, according to the Ministry of Industry and Trade.
The trade revenue between Vietnam and Israel is expected to hit 3-4 billion USD soon, and even higher in the years to come, thanks to their agreements and commitments to trade liberalisation, heard a forum in Hanoi on August 16.
PSNews - Vietnam and Israel signed a bilateral free trade agreement in Jerusalem on July 25, creating a legal corridor for the two countries to quickly boost annual bilateral trade by nearly 50%.
Bilateral trade between the nation and the United States is anticipated to exceed the US$100 billion mark during the past 10 months of the year, according to the latest data released by the General Department of Vietnam Customs.
The first half of the year witnessed bilateral trade turnover between the nation and Laos reach over US$824 million, up 20.6% on-year, of which exports hit US$309.4, down 6%, whilst imports reached nearly US$514.6 million, up 45.4% on-year.
Prime Minister Pham Minh Chinh suggested the Indian side create maximum conditions for bilateral trade, especially for Vietnam’s electronic products, textiles, and farm produce to enter India during his meeting on April 19 with visiting Speaker of the Indian Lok Sabha (the lower house) Om Birla.
Bilateral trade between Vietnam and Hungary reached a record high of more than US$1 billion in 2021, marking a second consecutive rise and making Vietnam the leading Southeast Asian exporter to the market.
Bilateral trade between Vietnam and the UK reached US$3.12 billion in the first half of this year (a year-on-year rise of 14.2%), with Vietnam’s exports to the European market at US$2.73 billion (up 14%) and imports at US$389.76 million (up 14.7%), according to the General Department of Vietnam Customs.
India and Singapore decided to hold a dialogue to enhance bilateral trade and economy on October 4, according to Indian news agency PTI.