Vietnam Aims for at Least 6% Export Growth This Year
The Vietnamese Ministry of Industry and Trade has taken several measures aiming to ensure the country’s export growth of at least 6% this year, Deputy Minister Nguyen Thanh Bien said at a meeting held in Hanoi on Mar. 11.
The MoIT has been coordinating with the State Bank of Vietnam, the Ministry of Finance, the General Department of Customs and business associations to arrange loans for local firms to boost production and exports.
The ministry will pay much attention to accelerating trade promotion and facilitating businesses to seek more partners and expand their export markets, Bien said.
The deputy minister forecast the country’s exports will be unlikely to see a breakthrough growth as Vietnam’s key markets have not fully recovered and the country’s exports are facing severe competition from that of other Asian countries.
The U.S. quota removal for Chinese apparel exports will also cause difficulties for Vietnam’s exports of these products to the American country, which was Vietnam’s biggest importer of garments and textiles with $4.99 billion in 2009, Bien added.
The General Statistics Office estimated Vietnam fetched $8.913 billion from exported goods in the first two months of this year, up 0.1% from a year earlier.
The MoIT is striving to boost the country’s export value to $60.54 billion this year and limit its imports at $72.68 billion. (Labor, GSO)
Vietnamese
