Exports projected at US$65 bil. in second half

Source: Pano feed

Tran Thu


As per the report, total export value is predicted at US$127 billion in all of 2013, a surge of some US$1 billion compared to the target of the Government and the National Assembly. January-June exports, meanwhile, totaled an estimated US$62 billion, growing 16% year-on-year.


The ministry ascribed the positive forecast to the fact that economic stimulus packages constantly adopted by superpowers like the U.S., Japan and European Union have helped revive production and business and improve consumer confidence.


In addition, the importation of industrial products is also estimated to maintain strong growth while export orders won by textile-garment, leather-footwear and electronic components industries remain stable due to rising demand.


In January-June, the country’s exports marked a pickup of US$8.6 billion in value over the year-ago period, with mobile phones and accessories, computers and electronic products and related components contributing up to a combined US$6.3 billion.


Those items with high export value in the first six months, including textile-garment and leather-footwear with export growth of 17% and 16% respectively, show that these industries are strong enough to compete on global markets.


This year’s import spending is projected at a total of US$136 billion, with trade deficit estimated at around US$9 billion, equivalent to 7% of the predicted export revenue, lower than the 8% as earlier targeted by the National Assembly and the Government, according to the ministry.




Đăng ký: VietNam News

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