Vietnam's exports to EU grow 23.5% in ten months
The trade turnover between Vietnam and the European Union (EU) reached US$52.5 billion in the first ten months of this year, up 14% over the same period last year, according to the Ministry of Industry and Trade (MoIT).
Of which, exports hit US$39.7 billion, a year-on-year increase of 23.5%, it said.
The EU is currently Vietnam's leading trade partner and third largest export market with an annual export growth rate of 7.5%, accounting for 13.6% of the Southeast Asian country’s total export turnover in the 2015-2021 period.
The market share of Vietnamese goods in the EU's total imports is 1.8%, higher than that of other Southeast Asian countries such as Malaysia (1.2%), Thailand (0.9%), Indonesia (0.7%) and Singapore (0.7%).