Vietnam Minerals Export to Sharply Fall in 2009
Export of minerals will drop in 2009 due to a sharp fall in shipments of crude oil and coal which are set to serve domestic demand, the Vietnam News Agency-run Tin Tuc newspaper reported.
Minerals export turnover is forecast at US$5.92 billion this year, down 49.8 per cent on-year, accounting for 8.3 per cent of the country’s total export revenues.
Export prices will be lower than 2008’s.
Crude oil export is predicted at 12 million tons with price of some US$50/barrel. Thus, crude oil shipment will see a reduction of 55.9 per cent on-year in value and 13.7 per cent in volume.
Meanwhile, coal export is estimated at 20 million tons. (News)
Vietnamese
