Vietnam's Feb trade deficit falls to $950 mln: report

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Vietnam's trade deficit this month will narrow to $950 million from $1.3 billion a year earlier, a local newspaper reported on Friday.

Exports were estimated to have increased 40.4 percent from a year earlier to $5.25 billion and imports to rise 22.3 percent to $6.2 billion, the Sai Gon Giai Phong (Liberation Saigon) daily cited government statistics as showing.

The newspaper said that February exports were boosted by good prices for agricultural products and rubber.

For January, Vietnam's trade deficit was estimated at $1 billion. The government's statistics office is expected to release full trade data for February in coming days.

For all of 2011, the government aims to keep the trade deficit to less than 16 percent of the country's total exports. Earlier, the National Assembly set a target for the deficit to be below 18 percent of exports.

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