Vietnam's H1 trade deficit may grow 10%


(MENAFN) Vietnam's General Statistics Office (GSO) announced that the country's trade gap is expected to grow 10 percent from a year earlier in 2012's first half, reaching USD685 million, reported Xinhua News. The agency said that the value of imports during the period jumped 22.2 percent year-on-year to USD53.127 billion, whereas the value of exports rose by 6.9 percent to USD53.812 billion. It added that the highest export growth rate was achieved by telephones and components, with a surge of 129 percent to USD4.69 billion; moreover, exports of agricultural, forestry and seafood increased 14 percent to USD13.6 billion. It is worth noting that during the first half, the import value for the foreign direct investment (FDI) sector grew by 26.1 percent to USD27.98 billion.


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