Improving External Position

November 2005
Asia Monitor: South East Asia Monitor Volume 1;Nov2005, Vol. 16 Issue 11, p4
Country Report
Country Report
The article reports that Vietnam's trade deficit will widen this year as import growth outpaces export growth. Vietnam's current account deficit is expected to widen further this year as the benefit of higher oil revenues is outweighed by a reduction in demand for other exports. However, once admission to the World Trade Organization is achieved, an increase in exports is expected to start contributing to a narrowing of the deficit. Imports, meanwhile, will start to slow as machinery imports, Vietnam's largest component, fall following the completion of major investment projects last year.


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