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Export staples promise strong development in 2008
The Ministry of Industry and Trade said that Vietnam’s export staples are expected to see strong development this year.
The agro-forestry and fisheries group expects to gross an export turnover of around 11.68 billion USD this year, representing 19.1 percent of the country’s total export revenues.
The prices of rice, coffee, cashew nuts, pepper, rubber and seafood remain high although they are not as high as in the first half of the year. These staples are likely to have export volume surpassed the estimates with rice export quantity expectedly exceeding 4.5 million tonnes.
Due to rising crude oil and coal prices, the fuel and minerals group is expected to fetch 13 billion USD, a year-on-year rise of 37 percent, accounting for 21.2 percent of the country’s total revenues.
Exports in the group of handicraft, industrial and processing goods is expected to earn 36.5 billion USD, a year-on-year increase of 25.3 percent, making up 59.7 percent of the country’s total revenues.
Apart from the increases in the number of orders and prices, textiles and garment products, whose export revenues rank second after crude oil, are facing difficulties in high production cost due to input materials price hike.
The ministry put stress on promotion measures to ensure the group’s increase of 23 percent to 9.5 billion USD this year.
VNA
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