Vietnam’s trade gap seen shrinking to $1 billion in Jan

Vietnam’s trade deficit is estimated to narrow to $1 billion this month on the back of a jump in annual exports of 25 percent to $6 billion.

Imports in January would rise 11.5% to $7 billion, the ruling Communist Party-run Nhan Dan daily cited an Industry and Trade Ministry report as saying.

Last January, Vietnam recorded a trade deficit of $1.47 billion, based on the trade ministry’s data.

The government’s statistics office is expected to release full trade data for January in the coming days.

The government has projected exports for the whole of 2011 to rise at least 10% from $71.63 billion last year.

Vietnam’s trade deficit is expected to hit $14 billion this year, slightly less than a previous forecast of $14.55 billion,the Ministry of Planning and Investment has said. – Reuters

Tags: Vietnam Trade Gap

Posted by VBN on Jan 26 2011. 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