Currently, Vietnam is ahead of Ghana in terms balance trade. As at the third quarter of 21, exports to Vietnam from Ghana amounted to US$69 Million and imports from Vietnam to Ghana stood at USD$115 Million.
By using $1.9011 PPP line, the fraction of people living in extreme poverty dropped from over 50% in the early 1990s to 3%.
Vietnam has also managed to improve macroeconomic stability, with the consumer price index rising only 0.6% year -on- year in August 2015, down from 4.3% a year earlier.
Addressing Journalists during the launching in Accra, the Director of Operations of Ghana Vietnam Chamber of Commerce Mr. Enerst Agbemor- Yeboah, noted that Ghana is currently behind Vietnam in trade.
“We believe that by taking this initiative, trade between the two countries will be enhanced for the mutual benefits of both countries”, he stated.
He cited key imports from Vietnam as rice, computer, electronic products, iron, steel products and tooth paste. Key exports to Vietnam includes wood products, seafood and cashew nuts.
This he said, their vision is to improve, trade, investment and socio- economic collaboration into the establishment of full diplomatic ties between Ghana and Vietnam.
By setting up of Embassies in each other’s country to facilitate easier movement of citizens , goods and services.
The Director of Operations, therefore tasked the media to endeavour to spread the good news about the Chamber since it is bringing Ghana and Vietnam together to champion development agenda.
By: Isaac Kofi Dzokpo/ NewsGhana.com.gh