Vietnam’s exports expected to rise 15% this year
Vietnam's exports in the first three months of the year will reach an estimated US$6.9 billion, up 15 per cent year-on-year, according to the Ministry of Trade.
Foreign-invested companies earned the most, with export sales totaling US$3.52 billion while locally-owned enterprises gained US$3.38 billion in export sales.
According to the ministry, the country can certainly achieve its targeted export revenue of US$31.5 billion for this year.
Robust growth
Economic indicators foretell robust growth in Vietnam's exports in 2005. These include the increase in exports and expansion of the overseas market for Vietnamese products that triggered last year's export boom.
In addition to major products such as garments, footwear and seafood, last year saw a sharp increase in the exportation of other goods such as electronic components and wood products.
Export promotion of these goods will continue in 2005, with rice exports expected to exceed US$1 billion this year.
Overseas shipments of crude oil are also expected to earn more this year because global prices remain high.
Asia-Pacific countries are expected to import US$3.7 billion worth of Vietnamese commodities; Europe around US$1.45 billion; and America, US$1.4 billion.
(Vietnam News Agency)
