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Early 2012, the world economy continued toface many difficulties and many countries have applied austerity measures.Furthermore, technical barriers and protectionism policies have been adapted.As a result, the consumption need has significantly reduced. Soaring domesticprices of raw materials and fuel of many industries and difficult access tobank credit have badly influenced many enterprises in Vietnam. However,with great support from the government and enterprises’ unceasing effort, goodoutcomes have been achieved in some sectors though import export activitiesgenerally decreased.

Export situation

Total export (export turnover) over thefirst six months of 2012 estimated achieve USD 258.8 million, reaching 53.9 %the year plan, up 13% compared with the same period in 2011 (USD 229 million).

Agricultural product group is estimated torealize USD 54.7 million, achieving 68.4% of the plan, up 12.2% compared with thesame period in 2011. Forestry productgroup estimated realize around USD 115.6 million, reached 42% of the plan, down13.2% compared the same period last year. Seafoodgroup estimated realizes around USD 23.8 million, reaching 59.6% of the plan,up 36.6% over the same period in 2011. Mineralsand construction materials USD 38.6 million, reaching 77.1% of the plan. The major export commodites withincreased volume compared with the same period increase USD 44.8 million oftheir export turnover including cassava, seafood, Ilmenite ore, titanium slagand garments.

Import situation

The total import over the last 6 months in2012 is estimated to realize USD 73.8 million, up 33.3% compared the sameperiod in 2011. The imported goods are mainly raw material, fuel and machinesfor production and processing industries. Of which, raw materials and fuel realizearound USD 73.4 million, accounting for the total import turnover. Machines,vehicles and spare parts are estimated to be about USD 456 USD, down USD 3.1million compared with the same period last year.

The Government has issued a Resolution on supporting businessand market to maintain economic growth, while the Resolution No.01/NQ-CPcontinues to be implemented. The Resolution No.13/NQ-CP of the Government willpositively impact the country's economy and reduce inflation. The lowerinterest rates compared to the first 6 months will expectedly make positive influenceon production. The difficulty of the enterprises in term of capital and marketwill gradually be released, purchasing power will increase and the employmentand people's income will be improved.