Vietnam-Israel trade, propelled by the current growth momentum, is expected to surpass 3 billion USD in 2024, Vietnamese Trade Counsellor in the Middle Eastern nation Le Thai Hoa has said.

A Vietnamese business delegation made a trip to Israel on November 3-4 during which they attended a Vietnam-Israel conference on production and trade cooperation in Tel Aviv.

Vietnam recorded a trade deficit of 101.4 million USD with Israel in the first five months of this year due to declines in the export of key commodities and the resumed import of items of high value.

Nearly 30 Israeli enterprises came together at a roundtable conference in Tel Aviv on June 29 to explore business and investment opportunities in Vietnam.

Two-way trade between Vietnam and Israel hit around 899 million USD in the first 10 months of 2019, with Vietnam enjoying a trade surplus of 401 million USD.

Vietnam-Israel trade reached over 790 million USD in the first nine months of 219, with Vietnam’s export revenue of about 410 million USD, according to the Vietnam Trade Office in Israel.

The two-way trade between Vietnam and Israel was estimated at 760 million USD in the first three quarters of this year with Vietnam continuing to enjoy a trade surplus of 440 million USD, according to a Vietnamese official.

Two-way trade between Vietnam and Israel hit 131.29 million USD in the first two months of 2019, with Vietnam enjoying a trade surplus worth 77.47 million USD.