(MENAFN) Vietnam's export growth would continue slowing this year due to the impact of slowing commodity prices, falling external demand and warning currency competitiveness, Xinhua reported.
The export growth would decelerate to 12 percent from the 13.6 percent registered last year, local Saigon Times Daily quoted the Hong Kong and Shanghai Banking Corporation (HSBC) as saying.
In 2014, Vietnam's exports reached the USD150 billion milestone, expanding by 13.6 percent against 2013. However, that is a deceleration from 15.2 percent growth in 2013 and 18.2 percent growth in 2012.
The drop was attributable to the decline in commodity shipments in value and volume, especially crude, rubber, coal and rice. Meanwhile, phones and computer parts exports rose 10 percent, respectively, in 2014.
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