VIETNAM VN hopes to raise export growth to 11-12%

VN hopes to raise export growth to 11-12%

Vietnam hopes to raise export growth to 11-12% per year, according to the newly-approved action program to realize the National Export-Import Strategy in the 2011-2020 period with a 2030 vision.

Trade gap will be reduced to 10% of the country’s import turnover by 2015 and zero percent by 2020.

In the 2021-2030 period, Vietnam would strive for trade surplus.

The action program targets to develop potential and advantageous export products like construction materials, petro chemistry, rubber, plastic, electronics and mobile phones.
Preferential policies will be adopted to lure more investments in the support industries for manufacturing, electronics and IT, automobile assembly, garments, footwear and high tech sectors.

Regarding agriculture sector, technical standards will upgraded for agro-forestry and fishery products especially rice, coffee, rubber and seafood. A roadmap for applying the technical standards will be issued in a bid to protect the pretige and trademarks of Vietnamese exports.

The action program also stresses the necessity of boosting the consumption of domestic goods to ease trade gap.

Bussiness associations are responsible for strengthening market forecast and providing periodic information on markets and policies to raise awareness enterprises’ self-protection capacity.

Under the action program, enterprises are encouraged to work closely with State agencies to timely resolve obstacles faced by them./.
PV (source: chinhphu.vn)

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