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Vietnam's Oct exports up 9.9%, industrial output up 5.4%

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Vietnam's trade surplus in October likely narrowed to US$2.2 billion from US$3.5 billion surplus in September, government data released on Thursday showed.

[HANOI] Vietnam's trade surplus in October likely narrowed to US$2.2 billion from US$3.5 billion surplus in September, government data released on Thursday showed.

Exports in October are estimated to have risen 9.9 per cent from a year earlier to US$26.7 billion, while imports were seen up 10.1 per cent to US$24.5 billion, the General Statistics Office (GSO) said in a statement.

The GSO traditionally releases data before the end of the reporting period and its trade data is often subject to significant revision.

For the first 10 months of this year, exports likely rose 4.7 per cent from a year earlier to US$229.27 billion, while imports were seen up 0.4 per cent to US$210.55 billion, resulting in a trade surplus of US$18.72 billion.

According to the GSO, Vietnam's industrial output in October rose 5.4 per cent from a year earlier. Industrial output in the January-October period rose 2.7 per cent year on year.

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Vietnam's consumer prices in October rose 2.47 per cent from a year earlier and were up 0.09 per cent from September, it said.

REUTERS

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