Ministry Forecasts Vietnam Fossil Fuel, Mining Exports to Sharply Drop
Vietnam’s fossil fuels and mining exports are forecast to drop significantly to US$5.4 billion compared with US$11.7 billion in 2008, the Ministry of Industry and Trade said.
Crude oil exports volume will likely tumble to 11 million metric tons valued at US$4.4 billion this year, compared with US$10.45 billion in 2008, the ministry predicted.
The country will export 20 million tons of coal worth US$1 billion revenues this year. It is planning to tighten control over exports of natural resources by taxing heavily to ensure enough coal for thermal power plants.
Fossil fuels and mining shipments are forecast to recover to US$6.1 billion next year, the ministry forecast. (MoIT)
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