HA NOI (VNS) — Viet Nam's exports to the United Arab Emirates (UAE) last year surpassed US$4 billion for the first time, nearly doubling the figure seen one year earlier.
Further, the statistics indicated that exports of cell phones and spare parts to the UAE rose 128 per cent to $3.42 billion, accounting for 83 per cent of Viet Nam's exports to this market and placing them first among export destinations, according to officials at the Ministry of Industry and Trade's Africa, West Asia, South Asia Market Department.
This was followed by electronics and components, earning $210 million, textile and garments ($84 million), footwear ($60 million), pepper ($55.3 million) and seafood ($47 million).
The UAE is now Viet Nam's largest trade partner in West Asia and 17th largest export market in the world.
Two-way trade turnover developed significantly over the past few years, rising from $550 million in 2008 to $2.38 billion in 2012, up 82 per cent compared to 2011. In 2012, Viet Nam's exports to the UAE exceeded $2 billion.
The UAE is not only a promising export market for Vietnamese companies, but also an effective gateway for local firms to penetrate into other countries in the Middle East and Africa, said Vietnamese Trade Counsellor in Dubai Ngo Hai Hoan.
Besides traditional items, Hoan urged Vietnamese businesses to encourage exports to the Middle East of agriculture products such as tea, coffee, and construction materials, as well as fruits and vegetables. — VNS