Vietnam To Inject VND172B Into National Trade Promotion Programs in 2009

The Government of Vietnam will spend up to VND172 billion (US$10.177) to implement trade promotion programs in 2009, the biggest of its kind so far, Deputy Minister Of Industry and Trade Nguyen Thanh Bien said Jun 9.

 

Of the sum, VND128.96 billion have been allocated for 98 national trade promotion programs, including 44 in the first phase and 54 in the second phase this year, the deputy minister said.

 

The rest of VND43.04 billion is waiting for outlets, noted Mr Bien.

 

Forty five units and the ministry’s trade promotion agency will carry out these approved trade promotion programs, including trade fairs and exhibitions abroad, market surveys, advertising campaigns for companies exporting seafood, processed wood, handicrafts, footwear, software, apparels, processing and agro-forestry-fisheries industries.

 

These programs will target the U.S., Europe, Japan, China, Russia, Hong Kong, Dubai, and the Czech Republic.

 

In late April, the MOIT decided to lower 2009’s export growth to just 3 per cent or US$64.5 billion from 13 per cent or US$71.07 billion due to adverse impacts of the global turmoil. (Vietstock)