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NEW UPDATES Asean Affairs  7 November 2014  

Vietnam likely to face trade deficit in 2015

VIETNAM is forecast to face a trade deficit in 2015 after three consecutive years of trade surplus, according to the Ministry of Industry and Trade ( MoIT).

The export revenues in 2015 are predicted to increase by roughly 10 per cent to US$163 billion, but import payments would rise, leaving a trade deficit from US$6 billion to US$8 billion, or 5 per cent of export revenues, the Vietnam News daily reported yesterday, citing the ministry’s latest estimation.

MoIT attributed the country’s trade surplus in previous years to the increase in exports from foreign direct investment (FDI) companies, but it will change next year as exports from these companies have gradually declined and are not expected to increase by as much as before.

According to the ministry’s statistics, export growth rates of FDI firms would fall to 12 per cent in 2014, from 22 per cent in 2013 and 31 per cent in 2012.

Key exports of FDI firms such as mobile and electronic components are not expected to increase sharply in 2015 because of their gradual decline in recent years, the statistics revealed.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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