Vietnam’s prospect to infiltrate Australian market

Updated at Sunday, 07 Jan 2018, 16:14 The Hanoitimes – Vietnam Trade Representative in Australia stated that the country continue to be the potential market for Vietnam’s fisheries in 2018. Based on statistics from the Vietnam General Department of Vietnam Customs, in the fist 11 months of 2017, two-way trade value between Vietnam and Australia reached US$ 5.9 billion, in which Vietnam’s export value to Australia was US$ 2.96 billion, up 13% and the import value settled at US$ 2.92 billion, an increase of 32% compared to the same period of 2016.   In the past five years, Vietnam has been the largest supplier of processed shrimps for Australia. Among 33 categories of main exporting goods to the Australian market, mobile phones and related acccessories topped the trade value with US% 582.49 million, amounting to 20% of total export value to Australia and an increase of 7% over the last year’s figure; computers and accessories came at second place with US$ 355.38 million, amounting to 20% of export value to Australia with an increase of 13%; crude oil is the third largest traded value with US$ 220.32 million, up 34%; and the fourth is footwear with US$ 205.66 million, up 9%. In the first 11 months of 2017, the majority of Vietnamese goods exported to Australia has experienced an increase in trade value; notably, some categories of goods have high growth rate such as electronic devices of 283%; steel products of 161%; transportation vehicles and autoparts of 86%; toys, sport… [Read full story]


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