The Bangladesh Trade Portal (BTP) is an official source of all regulatory information relevant to traders who wish to import goods into Bangladesh or export to other countries. The Ministry of Commerce of the Bangladesh Government has established the Portal in order to improve the predictability and transparency of the country’s trading laws and processes.

Trade Scenario Between Bangladesh and Vietnam

Trade Scenario Between Bangladesh and Vietnam

Trade Agreement between the Government of the People’s Republic of Bangladesh and the Government of the Socialist Republic of Vietnam was signed on 24 September 1996. The bilateral relationship between Vietnam and Bangladesh is excellent and both countries are looking at the same future of mutual cooperation and development, a huge potential of cooperation between the two countries in the economic field to improve and strengthen the economic relationship and people to people tie. Bangladesh and Vietnam want to work closely to double the bilateral trade volume from around $1.0 billion to $2.0 billion by 2021. The two countries held the second meeting of the Joint Trade Committee (JTC) in Hanoi in 2019 and discussed ways to double the bilateral trade volume. The two countries identified 11 priority areas including agricultural trade and pharmaceutical exports from Bangladesh to Vietnam. Vietnamese investment in Bangladesh’s Special Economic Zones, ICT sector cooperation, bilateral cooperation in textile and garments sector, trade in Halal products, trade in software services, direct air link, promotion of trade in jute and jute goods, banking sector cooperation and tourism sector cooperation (including Buddhist tourism) are the potential area. Bangladesh may import quality rice from Vietnam in accordance to the existing MoU on rice import. Both sides recognized the high potential of tourism sector to flourish and in that respect viewed that direct air link between the two countries can hugely contribute. Bangladesh-Vietnam bilateral trade relations are still small but are growing in a positive direction. Vietnamese exports to Bangladesh mainly consist of items such as fabric, plastic products, rattan products, bamboo products, sea grass rugs, rubber, computers, electronic products, wooden products, ceramic, and porcelain, according to the website of Vietnamese Embassy. Bangladesh's exports to Vietnam, on the other hand, include pharmaceuticals, fabrics, textile raw materials, leather, fiber types, machinery, appliances and parts, electronic components, and fertilizer. 

Major Export Items  (In million US$): Woven Garments(.44); Knitwear (.47); Home Textile (.021); Agri-Products (16.77); Frozen & Live Fish (10.92); Leather & Leather Pro. (13.77); Footwear (.001); Raw Jute (1.29); Jute goods (8.73); Others (14.06). 9.

Major Import Items  (In million US$): Live animals; animal products (0. 858), Vegetable products (7.574), Animal or vegetable fats and oils etc. (4.618), Prepared foodstuffs (4.503), Mineral products (208.680), Products of the chemical or allied industries (16.215), Plastics and rubber articles thereof (16.700), Raw hides and skins, leather and articles (0.119), Wood and articles of wood (1.858), Pulp of wood (3.688), Textiles and textile articles (54.564), Footwear, headgear (0.235), Articles of stone, plaster, cement, asbestos etc. (0. 452), Base metals and articles of base metal (17.007), Machinery and mechanical appliances; electrical (44.957), Vehicles, aircraft, vessels and associated transport equipment (0. 872), Miscellaneous manufactured articles (4.606).

The balance of trade position between Bangladesh and Vietnam from 2009-2010 to 2019-2020  is shown below ( value in million U.S. $):

Year

Export

Import

Balance

2009-2010

37.20

42.53

(-) 5.33

2010-2011

58.69

461.52

(-) 402.83

2011-2012

44.50

300.30

(-)255.80

2012-2013

38.24

349.10

(-)310.86

2013-2014

55.96

582.23

(-) 526.27

2014-2015

52.60

599.64

(-) 547.04

2015-16

65.05

387.65

(-) 322.64

2016-17

66.45

417.00

(-) 350.55

2017-18

55.67

688.00

(-) 632.33

2018-19

53,47

545.90

(-)  492.43

2019-20

48.16

555.10

(-) 506.94

 Source: EPB/ Bangladesh Bank

 

Top 20 Exported Item in Vietnam for the year 2020-2021:

Sl HS Code Item Name Amount in USD
1 26190000 26190000: Slag,Dross,Etc,From The Manufacture Of Iron/Steel (Excl.Granulated Slag) 6,909,061.65
2 39159000 39159000: Waste, Parings And Scrap, Of Other Plastics, Nes 5,813,029.26
3 41079900 41079900: OTHER,INCLUDING SIDES,NES 3,401,582.75
4 28470000 28470000: Hydrogen Peroxide, Whether Or Not Sokidified With Urea 3,315,812.68
5 53071000 53071000: Single yarn of jute or of other textile bast fibres of 53.03 3,075,275.74
6 30049099 30049099: Other(excl.anti-malaria, anti-TB, anti-leprosy....and kidney dialysis solution 2,873,957.58
7 63051000 63051000: Sacks And Bags, Used For Packing Goods, Of Jute, Etc 2,638,920.42
8 53072000 53072000: Multiple (folded) of cabled 2,575,820.31
9 62034200 62034200: Men'S Or Boys' Bib & Brace Trousers, Breeches, Shorts, Of Cotton 2,323,820.84
10 61091000 61091000: T-Shirts, Singlets And Other Vests, Of Cotton, Knitted Or Crocheted 1,868,436.99
11 05040000 05040000: Fresh,Frozen,Salted,Or Dried..,Guts/Bladders/Stomachs Of Animals(Excl.Fish 1,658,991.43
12 17049090 17049090: Sugar confei (incl. whit chocole), not cont cocoa, nes excl.  Put up for retail sale 1,615,644.76
13 24011000 24011000: Tobacco, Not Stemmed/Stripped 1,493,411.50
14 74040000 74040000: Copper Waste And Scrap 1,408,929.10
15 63062200 63062200: Tents Of Synthetic Fibres 1,401,165.78
16 41041910 41041910: Tanned..wet-blue other than full grains unsplit, grain splits , split leather 1,397,595.29
17 12074090 12074090: Sesamum Seeds, Nes 1,119,756.12
18 54074200 54074200: Dyed Woven Fabrics Of Synthetic Filament Yarn, >=85% Nylon... 953,197.13
19 62046200 62046200: Women'S Or Girls' Trousers, Breeches, Etc, Of Cotton 778,024.58
20 62052000 62052000: Men'S Or Boys' Shirts Of Cotton 729,713.22

Total Export Amount: 61,289,992.86 USD


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