Vietnam Debuts Finance-trade Working Group to Serve Exports
The fast-growing country of Vietnam has recently established a working group on finance and trade that will map out favorable policies to allow financial and banking service providers to facilitate export activities.
The group, the first of its kind in the country to date, made its debut at a seminar on trade and export promotion in Hanoi on September 22, at consists of representatives from a number of ministries, sectors, banks, business associations, trade promotion organizations, and production and exporting businesses.
In addition, it will suggest initiatives and practical activities to further enhance relations between businesses and banks to help businesses obtain easier access to capital sources and updated financial and trade information.
The seminar was part of a project on trade promotion and export development co-sponsored by the Swiss and Swedish governments.
This year, Vietnam is forecast to reach $37.44 billion in exports, up 18.5 per cent on-year and spend US$42-43 billion on imports, up 14-16 per cent.
VNA