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Trade and Economic Cooperation

In October, 2016 Free Trade Agreement between the member-states of the Eurasian Economic Union and the Socialist Republic of Vietnam and the Belarusian-Vietnamese intergovernmental protocol to assist in the production of motor vehicles on the territory of Vietnam have entered into force.

Trade turnover between the Republic of Belarus and the Socialist Republic of Vietnam

                                                                           in million dollars USD

 

2015

2016

2017

2018

2019

2020

Turnover

149,8

121

135,3

115,3

211,1

178,7

Exports

111,5

76,8

76,3

61,6

108,2

95,8

Imports

38,3

44,2

59

53,7

102,9

82,9

Balance

73,2

32,6

17,3

7,9

5,3

12,9


The main exports of Belarus to Vietnam in recent years are:

♦ potash fertilizers;
♦ trucks;
♦ dump trucks;
♦ tractors;
♦ tires;
♦ milk and dairy products;
♦ frozen beef;
♦ synthetic threads;
♦ polyamides.

Main articles of imports of Belarus from Vietnam are:

♦ means of communication;
♦ computer and office equipment;
♦ seafood;
♦ rice, nuts;
♦ shoes and clothes;
♦ natural rubber;
♦ tropical fruits;
♦ tea, coffee, spices.

Export promotion to Vietnam is done by own regional entities of the distribution network of Belarusian enterprises (OJSC “MAZ”, OJSC “MTZ”).

In February, 2019 between the OJSC “Minsk Dairy Plant No. 1” and the Vietnamese company “Au Viet Food Import-Export And Manufacture” the constituent documents on the creation of a joint venture for the production of Belarusian milk and dairy products in Vietnam — LLC JV “AU VIET MILK” were signed.

In September, 2019 the opening ceremony of the MAZ truck assembly plant in the Hung Yen province took place.

In April, 2020 the certification procedure of Belarusian milk and dairy products in Vietnam was completed.

In June, 2018 the 14th Session of the Belarusian-Vietnamese intergovernmental commission on Trade, Economic, Scientific and Technical Cooperation was held in Minsk.

Trade exhibitions and fairs are organized, business forums are held.

In 2009 – 2018 12 Belarusian – Vietnamese business forums were held (6 hosted by Belarus, 6 – by Vietnam). In 2011 – 2018 5 National Expositions of Belarus were organized, three times in Ho Chi Minh City and twice in Hanoi.

In December, 2018 in Ho Chi Minh City as a part of the 16th trade exhibition “Vietnam EXPO — 2018” the National Exposition of the Republic of Belarus was organized.

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