Vietnam 2010 export target a challenging task: ministry

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The Ministry of Industry and Trade has said meeting the annual export target of US$61.1 billion this year, a 7 percent increase over 2009, will be a tough task.

In the first three months of the year, exports had reached $14 billion, so $47 billion worth of goods would have to be shipped in the remaining months to meet the target.

The ministry said it will be hard to do this considering usual trends and slow recovery of the global economy.

Shipments of agricultural products, crude oil and coal will also fall in terms of volume in the coming months due to decline in production output and the government's policy to restrict natural resource exports, the ministry said.

Agricultural exports have already declined by $524 million in the first quarter. Crude shipment as down 9.6 percent from the same period last year as supply had to be set aside for the Dung Quat refinery.

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