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November 29, 2008

Philippines’ import from Vietnam doubles in Jan-Sep ’08
The January-September 2008 total Philippine import bill from Vietnam more than doubled its value during the same period in 2007 -- the highest annual growth rate then among the top 10 trading partners with shipments to the country, state news agency PNA reported.

Data from the National Statistics Office (NSO) released this week show Vietnamese import bill grew 132.56 percent to $1.53 billion during the 2008 reference period from only $656.94 million in 2007.

This annual growth rate is over the 13.78 percent rise in average import bill from the top 10 Philippine trading partners in January-September 2008.

Aside from Vietnam, these partners and respective import bill growth rates for such period are the United States (-3.14 percent), Japan (5.79 percent), Saudi Arabia (70.44 percent), Singapore (4.77 percent), China (12.86 percent), Taiwan (6.29 percent), Republic of Korea (1.83 percent), Thailand (36.87 percent) and Hong Kong (-3.54 percent).

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