Vietnam targets export growth of 10% next year
HCMC – Vietnam expects to achieve total export revenue of US$78 billion next year, or a 10% increase from this year’s estimated figure of US$71 billion, said an official of the Ministry of Industry and Trade.
Le Van Duoc, director of the ministry’s Planning Department, told a ministerial meeting online on Monday that better export prices and wider markets would likely help Vietnam realized its export growth target.
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Concretely, he noted, the export price of cashew nuts in the January-November period increased by 21% compared to last year, tea by 11%, pepper by 40%, rice by 4.8% and rubber by a remarkable 81%.
Vu Huy Hoang, Minister of Industry and Trade, predicted the country’s 2010 trade deficit would hover around US$12 billion, falling by US$1 billion compared to last year and the lowest level in the past four years. This deficit is equivalent to some 17% of total export revenue, lower than the target of 20% endorsed by the National Assembly.
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