TITLE

Trade deficit to shrink

PUB. DATE
February 2005
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Feb2005, Vol. 16 Issue 2, p5
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
This article informs that Vietnam's exports have been growing faster than imports in 2004 and as a result the full-year trade deficit will narrow. Faster-than-expected growth in exports is mostly due to the higher price of oil, of which Vietnam is a net exporter. Vietnam's exports during the first 10 months of 2004 reached $20.3bn, representing average growth in the year to October of 24.2% y-o-y. Imports during the same period reached $23.2bn, representing growth of 17.8%, while the trade deficit for the period was $2.9bn.
ACCESSION #
16605990

 

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