Vietnam’s industry and trade sector has been urged to map out specific action plans to remove hurdles for local firms amid the global downturn, said Party General Secretary Nong Duc Manh at a meeting with the sector’s leaders Mar 18.
The party chief asked the sector to finalize resolutions of the Party and the Government to prevent the domestic economy from recession with a relatively reasonable growth rate.
The Ministry of Industry and Trade (MoIT) should work closely with other ministries, agencies and localities as well as international organizations and countries to fulfill its tasks, said Mr Manh, adding it should pay more attention to training a competent personnel staff.
Last year, Vietnam reported an industrial production value of VND663.7 trillion (US$39.27 billion) and an export value of US$62.9 billion, up 1.6 times and two times, respectively, over that of 2005.
The sector has expanded its goods distribution network, especially for essential consumer goods, stabilizing market prices and ensuring social welfare. It has also promoted international economic relations, helping raise Vietnam’s position globally, said Mr Manh.
He also highlighted the importance of the MoIT, which manages many key sectors that play important roles in the process of production, development, circulation and consumption of goods, market management and import-export activities. The ministry now manages 16 state economic groups and corporations, making 20 per cent of the sector’s total industrial production value.
At present, the industry and trade sector contributes 63 per cent of the country’s GDP value, 80 per cent of the national total exports, and 70 per cent of the state budget’s collection. (Local sources)
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