Despite the COVID-19 pandemic’s impact on global trade, Viet Nam’s exports to Australia grew 62.08 percent year-on-year in January to almost 391 million USD, data shows.

Timber and wood products are among Vietnamese items enjoying stable groth in exports to Australia (Photo: VNA)

Bilateral trade increased 39.92 percent against January 2020 to approximately 873 million USD, according to the General Department of Viet Nam Customs.

Aside from stable export growth of items such as timber, wooden products, toys, plastic products, electrical wiring and cables, textiles-garment, and footwear, Viet Nam’s agricultural and aquatic products are also gradually winning over consumers in Australia, one of the world’s most demanding markets.

January’s aquatic exports to the market shot up 106.09 percent year-on-year while shipments of farm produce rose 37.16 percent.

The Vietnamese trade office in Australia said that thanks to increasing cooperation between the two governments, bilateral investment and trade links have also improved considerably.

It noted that, in 2020, there was a surge in the number of Australian businesses seeking Vietnamese partners via the trade office. Most highly value the quality of Vietnamese products and wish to expand their market and diversify supply sources.

Under guidance from the Ministry of Industry and Trade, the trade office will step up its action plan to further support bilateral trade in the time ahead, it added.

Source: VNA