Vietnam looks to $95 bln from full year exports

Vietnam is expected to earn US$95 billion in export revenues this year, while the export turnover so far in the first nine months of this year was US$70 billion, a year-on-year increase of 35.4 percent.

Nguyen Thanh Bien, deputy Minister of Industry and Trade, revealed these figures at a meeting to assess the country’s export status during the first nine months of the year, and to implement appropriate measures to boost exports in the remaining months of the year. The ministry was also laying an export plan and target for 2012.

So far this year, exports products like dates, cashews, fuel, cotton, steel, wire and cables have fetched the country over US$1 billion.

He said that 35.4 percent increase in export revenue in the first nine months of the year was a significant achievement, despite the rising inflation, high production costs and negative impact of the current debt crisis in Europe.

By T.Hai – Translated by T.Huong

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