0% export growth for Vietnam in 2009

The National Center for Socio-Economic Information and Forecast of Vietnam forecasted that the country is likely to see export growth of zero percent this year, the local newspaper Vietnam Investment Review reported Monday.

The forecast was made on the slow recovery of the global economy in general and the dim picture of Vietnam’s key export markets in particular within this year, said Le Dinh An, director of the center.

Previous estimates by the government of Vietnam said that the country would see this year’s export turnover grow by three percent over that of last year.

In the first seven months of this year, Vietnam’s export turnover saw a year-on-year decrease of 13.4 percent to about 32.3billion U.S. dollars, according to the General Statistics Office of Vietnam.

Read more …