Vietnam’s exports of gems and precious metals to Hong Kong (China) and Switzerland have seen a sharp upswing during the ten-month period, reaching US$2.54 billion in revenue and representing a year-on-year increase of 30.2%, according to the General Department of Vietnam Customs.

Notably, the export of gems and precious metals to Hong Kong increased sharply with the export turnover to the  market in the reviewed period reaching US$ 2.03 billion, a 45-fold increase against the same period last year.

However, the export of gems and precious metals in October alone plunged 66.4% to US$71.7 million compared to the previous month.

Despite witnessing robust growth in the Asian market, the export of gemstones and precious metals to Switzerland plummeted in the opening ten months of the year with the export turnover to Switzerland standing only at US$103 million compared to last year’s figure of US$ 1.38 billion.

With a total revenue reaching up to US$2.133 billion, Hong Kong and Switzerland are the two major markets that have accounted for nearly 84% of the country’s total export value of gems, precious metals.