Vietnam to Launch Foreign Market Portal in August

The Vietnamese Ministry of Industry and Trade (MoIT) will officially inaugurate the foreign market portal at www.thitruongnuocngoai in late August, Vietnam Economic Times newspaper reported. in late August, Vietnam Economic Times newspaper reported.

 

The move aims to help domestic enterprises have more access to information on foreign countries and territories worldwide, said the ministry, adding that it will also help to boost the country’s export turnover.

 

Around 60 Vietnam Trade Offices abroad will upload market-related information on the portal.

 

Vietnam is estimated to earn US$36.87 billion from exports in the first seven months of this year, up 37.7 per cent on-year, and imports US$51.88 billion worth of commodities, up 56.8 per cent.

 

The nation’s imports are forecast to increase 31 per cent on-year to US$80.2 billion this year, lower than US$85.7 billion target set by the government, while the country will attain an on-year export growth of 26 per cent to US$61.2 billion, said the ministry. (Vietnam Economic Times, GSO Jul 2008)