January 11, 2011

Vietnam's export earnings set to rise 10% in 2011

Vietnam targets to achieve total export turnover of about US$78.8 billion in 2011, up 10% from 2010, according to the Ministry of Industry and Trade.

As for the group of fisheries products: seafood export expects to earn US$6 billion.

The country also should focus on exports of new items such as seagoing vessel, processed foods and consumer goods. Seafood has an export turnover of US$5 billion.

Moreover, Vietnam earned US$2.36 billion from exported goods to Australia in the first eleven months of 2010, up 13.2% from a year earlier and accounting 3.6% of the country's total exports.

The Southeast Asian nation's exports fell 27.03% on-month to US$174.3 million in November, the Ministry of Industry and Trade said.

One of Vietnam's export staples includes seafood worth US$138.3 million, up 17.75% on-year.

The ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) effective from early 2010 is expected to further boost trade between Vietnam and Australia in the next years.

As for exported goods to Canada, Vietnam fetched US$716.18 million in the first eleven months of 2010, soaring 24.33% from a year earlier and accounting for 1.11% of the country's total exports.

It exported US$71.72 million worth of goods to Canada in November, up 3.19% on-month and 33.89% on-year, the Ministry of Industry and Trade said January 7.