Vietnam to gain bigger export earnings this year

Vietnam is expected to reap export revenues of 3 billion US dollars in December, raising this year's total to 32.1 billion dollars, up from 26.5 billion dollars last year.

The expected hike is mainly due to increasing prices of many exports, including coffee, rice and seafood, and higher demand of China for such local products as rubber, coal and seafood, the Information Center under Vietnam's Trade Ministry said Monday.

In the first four days of this month alone, Chinese enterprises ordered 5,000 tons of seafood, 3,000 tons of fragrant and sticky rice, and 100,000 tons of powder coal from Vietnam, the center noted.

Vietnam earned 29.1 billion dollars from supplying its goods to the world market in the first 11 months of this year, posting a year-on-year surge of 21.5 percent, according to the country's General Statistics Office.

During the period, the United States was the biggest importer of Vietnamese products, with turnovers reaching 4.8 billion dollars, followed by the 10-member Association of Southeast Asian Nations with 4.4 billion dollars, the European Union with 4.3 billion dollars, Japan with 3.5 billion dollars, and China with 2. 3 billion dollars.

Source: Xinhua