Vietnamese 2012 trade balance to post USD248m surplus

(MENAFN) The Vietnam General Statistics Office (GSO) said that in 2012, the country's trade balance is expected to post a surplus of USD248 million, reported Xinhua News. The GSO said that the country's total exports are forecasted to grow by 18.3 percent from a year ago, reaching USD114.6 billion, while imports will gain 7.1 percent to USD114.3 billion. During the current month, Vietnamese exports reached USD10.4 billion, whereas imports reached USD10.6 billion. Of December's exports, foreign direct investment (FDI) generated USD6.6 billion, representing 63.5 percent of the total export value, whereas in terms of imports, the FDI sector spent USD5.7 billion, that's 54 percent of the total import value. In December, Vietnam's trade balance posted a deficit of nearly USD200 million.