Myanmar-Vietnam trade hits over $362 million

YANGON, Oct 28 (Xinhua): Bilateral trade between Myanmar and Vietnam has reached over 362 million US dollars in five months of the six-month transitional period from April to September this year, according to the figures from the Commerce Ministry Saturday.

Myanmar has changed its fiscal year period from original April-March to Oct-Sept beginning 2018-2019, producing a six-month transitional gap.

From April to August, the country's export to Vietnam amounted 119.8 million US dollars while its import shared 242.3 million US dollars.

The total trade increased by 40.5 million US dollars compared with the same period of FY 2017-2018 when it showed 321 million US dollars.

The country's trade with Vietnam totaled over 714.8 million US dollars in FY 2017-2018.

Myanmar mainly exports mineral, agricultural, forest and marine products to Vietnam, and imports car spare parts, computer parts, construction materials, steel, plastics, pharmaceuticals and chemical products from Vietnam.