|Vietnam, China Border Trade Revenue Hits $2.61bn|
The total revenue of border trade between Vietnam and China hit $2.61 billion in the first half of 2014, up 13 percent year-on-year, according to Vietnam's Border Trade Steering Committee.Statistics of the committee show that the bilateral border trade maintained uptrend with an average growth of 4 percent per month.
During the six-month period, Vietnam enjoyed a surplus of $800 million in border trade, up 126 percent year-on-year. Despite the growth, Vietnam is still in great need to complete, amend and supplement decisions, policies relating boundary residents, in order to deal with tax fraud and ensure smooth border trade.
China remained the biggest exporter to Vietnam in the six months, as Vietnam spent around $20.4 billion buying goods from China during the period, up 21.1 percent year-on-year.
As for the total trade between the two countries, Vietnam saw a deficit of some $13.1 billion, up 21.2 percent year-on- year, according to Vietnam's General Statistics Office.
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Published on our website on July.25, 2014