The Ministry of Trade has announced four major measures that need to be carried out this year in a bid to boost the country’s export activities, state media reported.
The ministry expects to achieve the total export revenue of US$38.2 billion in 2006, up 18.4 per cent on-year and also US$1 billion more than the target of US$37.2 billion set by the government, said Hoang Thinh Lam, deputy head of the Ministry of Planning and Investment Department.
The first measure is to shift the ministry’s focus to the domestic products that have registered both the highest export turnover and export growth rate in recent years. They include wood products, electronics and computers, plastics, electrical wire and cable, coal, vegetable, and handicrafts.
Next, the ministry will continue to focus on its major export markets: the US, Japan, China, Australia, Singapore, Germany, the UK and Taiwan
Lam said the ministry would also foster exports to markets that have enjoyed an export surplus in their two-way trade with Vietnam, such as Thailand, Malaysia, South Korea, Hong Kong, Russia, Switzerland, Ukraine and Indonesia.
It would also make an extra effort to boost exports to markets where Vietnamese goods have small market shares, including Africa, India, Canada, France, Spain, Bangladesh, Turkey, Iran, Pakistan, Central and South America and Eastern Europe, he added.
Another part of the plan will be diversifying the range of products available for export. This task will be accomplished by supporting efforts to create and manufacture new goods.
Finally, the ministry plan will offer further guidance to increase exports of goods already boasting high export turnover, including crude oil, textiles and garments, footwear, seafood and rice.
According to official statistics, Vietnam earned total export turnover of US$32.23 billion last year, a 21.4 per cent -on-year increase from 2004. Of the figure, crude oil contributed US$7.4 billion, up 30.3 per cent on-year.
VNS
Vietnamese
