Vietnam Jan-Oct Trade Gap Estimated to Fall to $8.78B
Vietnam is forecast to have seen a trade deficit of $8.78 billion in the first ten months of this year, compared to $16.386 billion from a year earlier.
The country’s export and import values are estimated at $46.34 billion and $51.12 billion during the period, down 13.8% and 21.7% on-year, respectively, according to the General Statistic Office (GSO).
In October, Vietnam is likely to see respective on-month export and import value rises of 1.49% and 7.25% to $4.75 billion and $6.65 billion, resulting in Vietnam’s trade deficit of $1.9 billion during the month.
Apart from gemstones and precious metal, cassava, pepper, tea and vegetables obtaining on-year increases in export values, the rest are estimated to incur on-year export value decreases, the GSO said.
Vietnam’s trade deficit this year is forecast to fall to $11 billion from $17.516 billion in 2008. (GSO Sept 2009)
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