January export revenues likely to be down
27/01/2010
Vietnam's ministry of industry and commerce has said that the country's export revenue for January 2010 is likely to be $4.9 billion.
If the estimate is accurate, this will represent a 10.4% reduction compared to December 2009.
The ministry said its calculations were based on the poorer performance in January of a number of key export products, including leather and footwear.
The figure of $4.9 billion would represent an increase of 28.1% on the country's export revenues of January 2009, but this can be explained by the downturn in trade that occurred in Vietnam at this time last year because of the earlier date of the Lunar New Year holiday.
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