CORRECT: Vietnam Economy Not Badly Damaged by Tensions: Tuoi Tre

(Corrects to include Oceania, replace U.S. with North and South America, in export forecasts in 4th bullet point.) Vietnam’s exports to China experience light reduction in the first six mos while exports to other markets rise, newspaper reports on its website, citing information from ministry of industry and trade. * Ministry’s report concludes South China Sea tensions have no significant impact on Vietnam’s economy: newspaper * Consumption index for manufacturing and processing industry in May rises by 9% from the same period last yr, higher than the increase of 7.5% in May 2013 Y/y: newspaper * Exports of Vietnam fruits, vegetables, rice and rubber to China decrease slightly in May and June: newspaper * Exports to Australia and Oceania estimated to rise 31%; North and South America, 24%; Asia, 12%; Europe, 11%; Africa, 10%: newspaper * Chinese Jan-June imports to Vietnam increase 20% Y/y to $20.4b, representing 29% of Vietnam’s total imports: newspaper * Vietnam 1H trade deficit with China estimated at 13b dong: newspaper * NOTE: Chinese Navy arrests Vietnamese fishermen in disputed seas NSN N86SQP6K50XU<GO>

To contact the reporter on this story: Mai Ngoc Chau in Ho Chi Minh City at cmai9@bloomberg.net

To contact the editors responsible for this story: John Boudreau at jboudreau3@bloomberg.net

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