Vietnam export revenue forecast to hit US$200 billionVietnam can obtain total export revenue of US$200 billion this year, up 13% versus last year, said Nguyen Phu Hoa, deputy head of the Export-Import Department under the Ministry of Industry and Trade. Vietnam can obtain total export revenue of US$200 billion this yearBut the nation’s import bill may amount to US$205 billion, a year-on-year increase of 17%, he told the Export Forum 2017 held on August 9 by the Trade and Investment Promotion Center of HCMC (ITPC). According to data of the General Department of Vietnam Customs, January-July export revenue totaled over US$115 billion, increasing nearly 19% over the year-ago period. There were 20 commodities with export revenue exceeding US$1 billion, and in particular, eight of them obtained export revenue of more than US$3 billion. According to the Ministry of Industry and Trade, Vietnam’s economy will remain export-dependent in the years to come.

Source: VietNamNet News August 12, 2017 04:07 UTC