Vietnam’s February trade deficit falls to $950m-report

Vietnam’s trade deficit this month will narrow to $950 million from $1.3 billion a year earlier, a state-run newspaper reported on Friday.

Exports were estimated to have increased 40.4 percent from a year earlier to $5.25 billion and imports to rise 22.3 percent to $6.2 billion, the Liberation Saigon daily cited government statistics as showing.

The newspaper said that February exports were boosted by good prices for agricultural products and rubber.

For January, Vietnam’s trade deficit was estimated at $1 billion. The government’s statistics office is expected to release full trade data for February in coming days.

For all of 2011, the government aims to keep the trade deficit to less than 16 percent of the country’s total exports. Earlier, the National Assembly set a target for the deficit to be below 18 percent of exports.

Tags: Vietnam trade, Vietnam trade deficit 2011

Posted by VBN on Feb 28 2011. Filed under Economy News, 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