Vietnam targets 10 pct rise in exports

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Vietnam has set a target of US$78.8 billion for its exports this year, up 10 percent from 2010.

According to the Ministry of Industry and Trade, shipments of various products will increase this year.

Garment and textile will continue to be the biggest export items, earning $12.5 billion, up 13 percent from 2010, the ministry forecast.

The ministry said although seafood exports will face difficulties due to technical barriers, the value could rise 5 percent to $5.2 billion.

Vietnam will try to boost exports and control imports this year, especially the import of luxury products. Imports are expected to surge to around $93 billion in 2011.

Exports rose 25.5 percent to $71.6 billion while imports were up 20.1 percent to $84 billion in 2010 from the previous year, according to the General Statistics Office.

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