A Widening Trade Gap

January 2004
Asia Monitor: South East Asia Monitor Volume 1;Jan2004, Vol. 15 Issue 1, p4
Country Report
Country Report
The article focuses on the status of trade growth in Vietnam. The pattern of rapid trade growth evident in Vietnam continued in November, 2003. During the first 11 months of 2003, merchandise exports rose 21.8% to US $18.29 billion while imports rose 28.8% to US $22.65 billion. Crude oil, textiles and garments, footwear and aquatic products, Vietnam's top four export earners, all continued to perform well during the January-November 2003 period. In November 2003, newspaper, Vietnam Financial Times reported that the Finance Ministry is now forecasting a trade deficit of US$4.6 billion in 2003.


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