Vietnam Exports Forecast to Fall 9.9% to US$56.5B in 2009

10:19:34 PM | 12/30/2009

Vietnam is forecast to earn US$56.5 billion from exporting goods this year, down 9.9% from a year earlier, according to the Ministry of Industry and Trade.
 
The ministry attributed the decrease to shrinking export markets and falling prices of exports in the world market triggered by the global economic downturn.
 

The country’s import value is estimated to fall 16.54% on-year to US$67.116 billion this year, resulting in Vietnam’s trade deficit of US$10.616 billion. (Liberated Saigon)