Hanoi likely to run $9.94Bln trade deficit in Jan-Sept

Hanoi is likely to run a trade deficit of $9.941 billion in the first nine months of this year, the Thoi Bao Kinh Te reported Sept 13 citing the municipal Planning and Investment Service.

The capital city is estimated to have reaped $5.595 billion from exports year-to-date, up 19.5% on-year, and imported $15.536 billion, up 18.2%.

The Hanoi Statistics Office earlier forecast that Hanoi will incur a huge trade deficit of $13.59 billion in 2010 with $7.81 billion exports, up 23.5% on-year, and $21.4 billion imports, up 13.1%.

Hanoi’s key export staples are footwear, apparel, handicrafts and electronics while its main imports are machinery and equipment, petroleum products, and iron and steel. – Stoxplus.com

Tags: Vietnam trade, Vietnam trade deficit 2010

Posted by VBN on Sep 15 2010. Filed under Import-Export, Import-Export turnover. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry