Some Key Exports of Vietnam to Fall Sharply This Year
Export values of Vietnam’s staples such as crude oil, agro-forestry-fisheries products are forecast to see on-year decreases this year due to the global on-going economic downturn, said the Ministry of Industry and Trade (MoIT).
The price plunge of crude oil is forecast to lower the minerals sector’s export value to US$5.9 billion in 2009, down 50.3 per cent on-year and making up only 8.19 per cent of the country’s expected export turnover this year, down from 18.9 per cent in 2008.
The agricultural, forestry and seafood sector is expected to rake in over US$12 billion from exports, down 4.8 per cent on-year.
Meanwhile, the industrial sector’s export value is forecast to reach over US$52 billion, up 38 per cent and making up 72.22 per cent of the country’s total. Of which, garment and footwear exports are projected to post at US$9.5 billion and US$5.1 billion, respectively.
Other industrial staples earning over US$1 billion each such as woodwork products, plastics, rubber, and electric cables and wires are estimated to rise between 8 per cent-30 per cent this year.
The Vietnamese National Assembly has set exports target of US$72 billion in 2009, up 13 per cent on-year. (VoV)
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