Vietnam`s trade revenue with G7 members totals $113 billion in 2017

  • by VNBUSINESS
  • June 13, 2018

Trade revenue between Vietnam and G7 countries – France, Germany, the UK, Italy, Japan, the US and Canada – reached 113 billion USD in 2017,a according to the General Customs Department of Vietnam. 

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The figure showed an increase of 9.5 percent year on year and accounted for over one fourth of the country’s total import-export revenue.

Of the figure, Vietnam’s export revenues were 78.98 billion USD, a rise of 8.4 percent over the previous year and accounting for 36.7 percent of the country’s total export value. 

Meanwhile, imports from G7 countries reached 34.03 billion USD, an increase of 12.3 percent and contributing 16 percent to total import revenue.

As a result, in 2017, Vietnam enjoyed a trade surplus of 44.95 billion USD with G7 countries.

Prime Minister Nguyen Xuan Phuc of Vietnam was invited to attend the G7 Outreach Summit in Charlevoix region, Canada’s Quebec state, from June 8-10. 

Vietnam and Bangladesh are the only Asian countries to be invited to the event, proving that G7 member states and the host, Canada, highly appreciate Vietnam’s role and stature.

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