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Export prospects for 2010-2011
Vietnam’s total export turnover is increase by 9 percent to reach US$ 61.7 billion and 8 percent to hit US$ 66.6 billion next year.
The figures were released at a seminar on Vietnam’s export prospects for 2010-2011 jointly held in Can Tho on July 5 by the Vietnam Chamber of Commerce and Industry (VCCI) and the Asian Development Bank (ADB).
Delegates said despite the impact of the global economic downturn in 2009, the Vietnamese economy is gradually bouncing back. The GDP growth rate in the second quarter of this year rose nearly 6 percent over the same period last year and industrial production jumped by more than 13 percent.
According to the International Monetary Fund (IMF), the global GDP will increase by 4.2 percent this year and 4.3 percent next year, and Vietnam’s GDP will rise from 6-6.5 percent.
During this period, the exchange rate of Vietnamese dong will be kept relatively stable against the US dollar, experts said, and there will not be a short-term devaluation of Vietnamese dong. Vietnam’s export turnover to Asia and the US will also account for 50 percent and 23 percent, respectively of the country’s total annual export value.
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