Tuesday, June 26, 2007

Vietnam H1 exports seen up 19.4% yr/yr

Vietnam estimates its exports in the first half of the year will soar 19.4 percent from a year earlier to $22.5 billion due to strong coffee and clothing exports, state media reported on Monday.

The online newspaper Vietnamnet quoted a Trade Ministry report as saying high world prices were expected to help first-half coffee exports more than double to $1.2 billion from $582 million recorded in the same period of 2006.

The report did not provide figures for volume of coffee Vietnam, the world's largest exporter of robusta coffee, shipped during the first half of the year.

Exports of garments and textile products, the country's second biggest export item after crude oil, also jumped 23 percent from a year earlier to $3.4 billion in the first six months of the year, the Ministry estimated.

Crude oil exports were estimated at $3.75 billion, below last year's $4.18 billion, because of lower crude oil production at Bach Ho, the biggest oil field.

The report did not provide figures for imports during the first half of the year.

The Southeast Asian country aims for exports to grow 22 percent in the whole of 2007 to reach $47.54 billion.

Source: Reuters

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