|Viet Nam generated over US$127.4 million from exporting construction materials to Africa last year. — Photo baomoi
HA NOI (VNS) — Viet Nam generated over US$127.4 million from exporting construction materials to Africa last year, up 25 per cent year-on-year, according to the General Department of Customs statistics.
Africa was regarded as a lucrative market for Vietnamese construction material due to its insufficient infrastructure and the weak production capabilities of construction material producers in the bloc, even as the demand for these products had been increasing significantly, the Ministry of Industry and Trade's Department of Africa, West and South Asia Market said.
The department forecasts that Viet Nam's construction material exports would continue to rise in the future, making it one of Viet Nam's key export items — VNS