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Imports plunge, exports grow marginally in Jan-March
26
Mar '09
Vietnamese Ministry of Industry and Trade has released data pertaining to overall exports in the month of March 2009, which stands at US $4.7 billion, representing a year-o-year decline of a marginal 2.8 percent.

In the first quarter of 2009, till the date of March under consideration, exports from Vietnam amounted to $13.47 billion, a growth of a nominal 2.4 percent, but a positive growth off course.

Almost key traditional export products witnessed a drop during the 1st quarter, which includes footwear, electronics and computer, coal, seafood, coffee and plastic. The textile and garment sector also saw a fall of 4.2 percent in this period.

With regards to imports, the latest figures of the 1st quarter depict a fall of 45 percent to drop to $11.83 billion. Of this amount, imports in March totaled to $ 4.3 billion, down 47 percent in comparison with the same period of 2008.

Fibre2fashion News Desk - Vietnam

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