The national economy will see positive developments in the second half
of the year although its major industries have experienced sharp decreases in
the first half due to the global financial crisis and economic recession,
according to the Ministry of Planning and Investment (MPI).
Vietnam took in 27.57 billion USD
from exports in the first half of 2009, down 10 percent from the same period
last year, largely due to the impact of the world financial crisis and economic
downturn.
Crude oil production in June is estimated to reach 1.39
million tonnes, bringing the total output for the first 6 months of this year
to 8.65 million tonnes, an increase of 20 percent compared to the same period
last year, the Vietnam National Oil and Gas Group (PVN) announced at a press
conference on June 18 in Hanoi.
Vietnam’s
economic dynamism over the past two decades has given rise to a swift increase
in energy demand. According to WB, power demand is expected to rise by
approximately 16% annually from 2008 to 2010.