Trade exchange between Vietnam and the Dominican Republic grew strongly in 2014

Vietnam's main export products to the Dominican Republic include a number of consumer goods such as seafood, coffee, garments, footwear, aquatic products, components, motorbike spare parts and a number of other goods, of which seafood products are the main one. Vietnam imports from this country mainly iron and steel scrap and raw and auxiliary materials, of which iron and steel scrap alone reaches 5-6 million USD each month.

Bilateral trade turnover between Vietnam and Dominica

(Unit: million USD)

Dominican can be considered as one of the new markets for Vietnamese businesses. The total export turnover between the two countries is still quite modest because trade exchanges have only been carried out in recent years. With a population of approximately 10 million people, Dominica's market capacity is classified as average, but is considered one of the largest markets compared to other countries in the region. The level of stability in business investment here is also highly appreciated. Therefore, this is considered one of the potential markets for businesses interested in developing niche markets.