Vietnam: The Ministry of Trade (MoT), has announced plans to focus more on high-intelligence content exports and less on raw materials and minerals.Under the 2006-2010, export plan, agricultural, forestry products and seafood will account for 19.1% of total exports in 2006, and the ratio will be down to 13.7% in 2010. However, industrial products, fine arts and handicrafts will increase to 45.9% and 54.1% in 2006 and 2010 respectively.
Crude oil and coal exports will drop sharply from 21% in 2006 to 9.6% in 2010. Export turnover from oil exports will begin decreasing from 2009 as a portion will serve the operation of local oil refineries.
Related article: VN to reduce crude oil, coal exports
