Vietnam Should Curb Trade Gap below 15% of Export Value in 2010: SBV Governor
Vietnam should take measures to curb its trade deficit below 15% of the country’s total export value next year in order to stabilize macro economy.
Governor of the State Bank of Vietnam Nguyen Van Giau said at a banking meeting chaired by Prime Minister Nguyen Tan Dung on Dec. 23.
In early December, the Ministry of Industry and Trade forecast the country will earn around US$60 billion from exporting goods in 2010, up 6% from a year earlier.
Vietnam will face an on-year export value fall of 10.65% to US$56.2 billion this year, the ministry said a meeting of the trade sector in Hanoi on Dec. 7.
Vietnam incurred US$10.417 billion trade gap in Jan-Nov, accounting for 20.3% of the country’s total export value.
The MoIT forecast Vietnam’s trade deficit will stand between US$11.5 billion and US$12.5 billion this year, down from US$17.516 billion in 2008. (Banking Times)
Vietnamese
