Vietnam's trade revenue to surpass US$660bil by year-end

Plastic bags are made for export to the EU, the US and Canada at HAPLAST Joint Stock Co in Hưng Yên Province. —VNA/VNS

HANOI (Vietnam News/Asia News Network): Vietnam’s total trade value this year may reach more than US$660 billion, surging 21 per cent year-on-year, according to the latest forecast of the Ministry of Industry and Trade (MoIT).

Of the sum, the country is expected to earn $331.1 billion from exports, up 17.2 per cent year-on-year while its imports will likely hit $329 billion, a yearly hike of 25.2 per cent. That may result in a slight trade surplus of $2.1 billion, MoIT said.