Vietnam targets to curb 2011 trade deficit of 18% export ($14.2Bln): MoIT

Vietnam targets to curb trade deficit at 18% export revenue or $14.2 billion in 2011, up $1.8 billion from 2010

Vietnam targets to curb trade deficit at 18% export revenue or $14.2 billion in 2011, up $1.8 billion from 2010, the local online Saigontimes reported on Jan 9, cititing the Ministry of Industry and Trade (MoIT).

The Southern Asian nation sets the export and import revenue for 2011 of $78.8 billion and $93 billion, up 10% and 10.7% from 2010, respectively.

Processed staples will contribute the highest export revenue of $43.5 billion, including $12.5 billion worth of textile and garment staple.

Seafood export is forecast to reach $5.2 billion, 5% higher than 2010, despite technical barriers, new standard in 2011.

Mineral, agry-forestry and seafood and other staples are set to export worth $7.6 billion (down 2.9% on year), $15.2 billion (up 1.2% on year) and $12.3 billion.

However, MoIT did not give any forecast figure of turnover of imported staples. – Stoxplus.com

Tags: Vietnam trade, Vietnam trade deficit 2010

Posted by VBN on Jan 10 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