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Exports to Latin America tipped to earn 1.8 billion USD in 2010
The Industry and Trade Ministry estimates revenue from Vietnam 's exports to Latin America this year at 1.8 billion USD, a year-on-year increase of 40.6 percent.
Bilateral trade turnover is expected to total 3.5 billion USD.
The ministry attributes the increase to the continuing recovery of the world economy.
Footwear exports are forecast to reach 325.5 million USD or as much as 25 percent of all export revenue earned in Latin America .
Garments and textiles are also key exports earning more than 100 million USD each year.
Aquaculture produce, especially tra and basa fish, have become a favourite food in countries such as Mexico, Brazil and Columbia and earned millions of dollars.
Other popular exports to Latin America are electronic goods, cement, steel, and timber-based products.
Vietnam trades with 33 nations and territories in Latin America.
In 1990, bilateral turnover between Vietnam and the region was totalled in tens of million of US dollars. It increased to 145 million USD in 2000 and 2.4 billion USD in 2009.
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