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Posted: Friday, October 08, 2010

Vietnam is forecast to earn $74.8 billion from exporting goods in 2011, up 10% from a year earlier, the Ministry of Planning and Investment said.
Of the sum, exports of foreign direct investment (FDI) enterprises (excluding crude oil) will be $34.4 billion, accounting for 46.3% of the country’s total export revenue.
The country’s import spending is forecast to rise 9.7% on-year to $89.4 billion next year, including $37.6 billion from FDI firms.
Vietnam is forecast to incur $14.6 billion of trade deficit in 2011, accounting for 19.5% of its total exports.
The Ministry of Industry and Trade earlier predicted that Vietnam will fetch $68.5 billion from exports and spend between $80 billion and $82 billion on imports this year. (Vietnam Economic Times)
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