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WEEKLY NEWSLETTER
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Vietnam
Index
Vietnam was Hong Kong's second-largest supplier of prawns and
plants used for perfume, and held a strong position in sales of
other specialized animal products, such as feathers. Vietnamese
imports from Hong Kong, often paid for through complicated barter
arrangements, comprised chemicals, machinery and equipment, and
industrial textiles. Hong Kong also provided a conduit for an
undetermined amount of covert trade by ASEAN countries such as
Thailand.
Singapore
Despite Singapore's ASEAN membership and its official
sanction of the organization's participation in a boycott on
trade with Vietnam, unofficial trade between the two countries
grew dramatically during the 1980s. By 1985 trade had reached a
total two-way figure of almost US$200 million (Singapore stopped
publishing figures for its trade with Vietnam in 1986). In 1985
Singapore exported almost as much to Vietnam as Japan did, and
imported twice as much as Hong Kong did. Singapore also provided
Hanoi with important services, including cable and telex links.
By 1985, the year in which for the first time ASEAN trade with
Vietnam equalled that of Japan, the boycott seemed to have lost
force.
Data as of December 1987
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