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Vietnam H1 trade surplus seen at $1.62 bln: report

Published on Jun 23, 2014 5:15 PM

HANOI (REUTERS) - Vietnam is forecast to post a trade surplus of US$1.3 billion (S$1.62 billion) in the first half of 2014, a state-run newspaper said on Monday.

First-half exports were estimated at US$70.9 billion, above imports of US$69.6 billion. Vietnam had a trade deficit of US$933 million in the first half of 2013.

In June alone, exports were estimated at $12.1 billion and imports at US$12.3 billion, leaving the monthly deficit at US$200 million, the Vietnam Economic Times newspaper said in an online report, citing government statistics.

Rising exports in 2012-2013 and a steady inflow of overseas remittances have helped swing Vietnam's trade balance to a surplus and boosted its foreign reserves to US$30 billion in January from US$9 billion in 2011, based on central bank data.

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