In 2017, the two-way trade value exceeded USD 4.6 billion, up 11.6 percent from 2016. The figure included USD 3.3 billion worth of Vietnamese exports to France and USD 1.3 billion worth of imports from the European country, both increasing by over 11 percent year on year.
Vietnam’s key export staples to France include footwear, garments and textiles, household appliances, agro-forestry-aquatic products, gemstones, jewelries, electricity devices, electronics, mechanic tools, pottery, rubber, coal, plastic products and rattan and bamboo handicrafts.
Last year, Vietnam exported USD 1.13 billion worth of mobile phones and components to France, earning the products first position in the list of exports to the European nation for the seventh year in a row.
They were followed by garments and textiles with turnover of USD 526.6 million, footwear and computers and spare parts, which raked in USD 436 million and USD 211 million, respectively.
Meanwhile, Vietnam mainly imported high-valued products from France, such as pharmaceuticals, machines and equipment, and transport vehicles.
According to Vu Duc Giang, President of the Vietnam Textile and Apparel Association (VITAS), the sector’s annual export value to the EU makes up of 18-19 percent of its total earnings, in which France accounts for a majority.
Vietnam is currently one of the leading suppliers of garments for the French market thanks to its high-quality products and reasonable prices, Giang said.
Source: VNA