The Vietnam Journal

The
VIETNAM
Journal

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 21, 2008
Last Edited

 " Remember this my child.
An oppressive government
is fiercer and more
feared than a tiger."
--
Confucius

 

 


 



 

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Vietnam's Headline News


2008 Jan 21 - Exports to US to hit 13 billion USD

 

Viet Nam ’s exports to the US are forecast to reach 13 billion USD or more in 2008, representing a yearly increase of 28 percent, said the Ministry of Industry and Trade (MIT).


 
Garment and textiles will continue to top the list of key hard currency earners as its export turnover is expected to attain 5.4 billion USD this year, surging 25.6 percent against 2007. The US is now Viet Nam ’s largest garment importer, accounting for 55 percent of the country’s total export turnover.

 

Seafood is expected to fetch 850 million USD, up 14.9 percent, while woodwork will bring home 1.1 billion USD, soaring 23.6 percent.

 

Around 120,000 tonnes of coffee will be shipped to the US this year, earning between 192-200 million USD.

 

The ministry also forecasts this year’s export turnover to the whole American market will reach 14.6 billion USD, a 25.2 percent increase over last year.
 

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