Trade and Economic Cooperation
In October 2016, the Free Trade Zone Agreement between the EAEU member states and Vietnam, as well as the Belarusian-Vietnamese intergovernmental Protocol on support for the production of motor vehicles in Vietnam, came into force.
Trade turnover between the Republic of Belarus and the Socialist Republic of Vietnam
in million dollars USD
|
|
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
|
Turnover |
121 |
135,3 |
115,3 |
211,1 |
178,7 |
200,3 |
|
Exports |
76,8 |
76,3 |
61,6 |
108,2 |
95,8 |
92,9 |
|
Imports |
44,2 |
59 |
53,7 |
102,9 |
82,9 |
107,4 |
|
Balance |
32,6 |
17,3 |
7,9 |
5,3 |
12,9 |
-14,5 |
The main exports of Belarus to Vietnam in recent years are:
♦ automobile and tractor equipment;
♦ medicines;
♦ cosmetics;
♦ milk and dairy products;
♦ malt;
♦ raw flax.
Main articles of imports of Belarus from Vietnam are:
♦ natural rubber;
♦ seafood;
♦ printing equipment;
♦ vacuum cleaners;
♦ nuts;
♦ tires;
♦ electronic integrated circuits;
♦ propylene polymers;
♦ coffee;
♦ footwear;
♦ rice.
A representative office of MAZ OJSC operates in Vietnam. In September 2019, a grand opening ceremony of the MAZ truck assembly plant was held in Hung Yen Province.
In April 2020, the certification procedure for Belarusian milk and dairy products in Vietnam was completed. The certification of Belarusian beef is in the final stage.
The Belarusian-Vietnamese intergovernmental commission on trade, economic, scientific and technical cooperation is functioning. The co-chairman from the Belarusian side is Deputy Prime Minister Anatoly Sivak, from the Vietnamese side — Minister of Industry and Trade Nguyen Hong Dien. On March 23, 2022, the 15th Session of the commission was held in the format of a video conference.
Exhibition and fair events, business forums are held. In 2011-2025, seven national and collective expositions of the Republic of Belarus were organized in Hanoi and Ho Chi Minh City.
The national exposition of the Republic of Belarus was presented in April 2022 in Hanoi as part of the 31st international exhibition “Vietnam Expo”.
