Vietnam Rakes in $1.34B from Crude Oil Exports in March: Ministry
Vietnam bagged a total of $1.34 billion from crude oil exports in March, the Ministry of Industry and Trade said.
The figure was down 9.6% from a year earlier, the Ministry attributed, giving no detail on the volume.
Earlier, the state-run General Statistics Office (GSO) said Vietnam exported 2.247 million metric tons of crude oil worth $1.338 million in the first quarter of this year, representing on-year falls of 46.8% and 9.6%.
Crude oil is now the country’s second largest forex earner, representing 9.54%% of its export revenues in the Jan-Mar, the office said.
The nation’s crude oil exports are projected to decrease by 28.2% to 9.43 million metric ton next year to feed its first oil refinery Dung Quat. (Trade & Industry)
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