Economic Indicators: Vietnam Posts Record Export Turnover This Year.

(From Vietnam News Briefs)

Vietnam's exports are set to reach $26 billion this year, a highest level in the past eight years, said the General Statistics Office Monday.

The export turnover was up a whopping 28.9% from last year, much higher than the target of 19% set by the country's National Assembly.

Of the total figure, foreign invested firms earned $14.27 billion and local enterprises raked in $11.74 billion, up 40.4% and 17.2% on-year, respectively.

In the 12-month period, crude oil continued to be Vietnam's top foreign currency earner thanks to global increasing demand, particularly in Asia and North America, as well as a 30% rise in the price of crude oil against 2003. The country …