Agriculture export drop s sting in the tail

The reduction in exports of major natural and agricultural products will result in a decline in the country’s export revenue in the last two months of 2008.

The Vietnam Industry and Trade Information Centre (VITIC) under the Ministry of Industry and Trade (MoIT) estimated that Vietnam would earn $9.4 billion from exports in the last two months of 2008, down 1.3 per cent against the same period last year.

The value of oil and mineral product shipments is predicted to fall by 28.7 per cent on-year to $1.47 billion, of which crude oil export revenue is expected to decline by 33.25 per cent on-year to $1.25 billion.