Vietnam targets $60b trade with China in 2015

HANOI -- Vietnam targets a border trade turnover of $60 billion with China in 2015, according to Vietnam's Ministry of Industry and Trade on Tuesday.

The country will also work to lift border trade turnover with Cambodia to $5 billion and with Laos to $2 billion in 2015, said the ministry at a seminar held in Vietnam's capital Hanoi on Tuesday.

From 2008 to September 2013, Vietnam's total border trade turnover reached $72 billion, an average increase of ten percent annually, said the ministry.

In 2012, Vietnam pocketed $13.1 billion from border trade with China, Cambodia and Laos, up 27 percent year-on-year, accounting for 5 percent of its total trade turnover.

Vietnam shares border lines with China, Cambodia and Laos.