The country’s total revenues from exports in the first 10 months of 2010 reached an estimated US$57.8 billion, with foreign-invested businesses accounting for 46.7 percent of the total, Mr Duoc told a meeting in Hanoi on November 8.

Eight out of 34 export commodities have achieved or exceeded yearly targets, he said.

Excluding an increase in price, the revenues from exports in the first 10 months of 2010 rose 17.3 percent against the same period last year.

By the end of October, 14 export commodities fetched more than US$1 billion in revenue. These commodities included seafood, rice, coffee, rubber, wood and wooden products, coal, crude oil, shoes, textiles and garments, precious stones, machinery, computers, electronics, means of transport, and electric wires and cables.

Vietnam is estimated to have suffered a total trade deficit of US$1.1 billion in October.