PM asks for increased export for sustainable development
Updated : Tuesday, April 24, 2018 10:18 AM (GMT+0700)

PrimeMinister Nguyen Xuan Phuc has affirmed that controlling markets is a way forthe Vietnamese economy to take off. 

 
Prime Minister Nguyen Xuan Phuc - Source: VNA

He made the statement duringa national conference in Hanoi on April 23 discussing comprehensive measures toboost exports hosted by the Ministry of Industry and Trade. 

The PM said successfulcountries and businesses consider the world as a market to expand theirreaches, thereby seeking ways to improve their competitiveness. 

The domestic market with apopulation of nearly 100 million is important, but it is necessary to look atthe global market to achieve sustainable growth, he said. 

The leader noted that thoughadministrative procedures have improved, they remain below expectation. Heexpressed his wish to listen to policy feedback of localities and associationsto increase added value of exported commodities, thus making it easier forVietnamese firms to join the global value chain. 

He underscored the need toupdate Vietnamese exporters about market information and legal regulationsabroad, opportunities and risks, and orientations to manufacturing andexports. 

Leaders of localities andministers were required to look towards export to contribute to sustainablegrowth. Based on public feedback, the PM will issue a Directive on measures toboost manufacturing and exports. 

Minister of Industry andTrade Tran Tuan Anh said the country’s exports grew by 15.8 percent last year,exclusive of cell phones, computers and electronic spare parts. 

Exports still predominantlyrely on foreign-invested enterprises, which contribute over 70 percent. 

Though tariff has been cutto zero percent, Vietnam’s farm produce such as milk, pork, fruits andvegetables still find it hard to enter foreign markets, he said

The Ministry of Industry andTrade proposed three major measures to sustainably step up exports, includingrestructuring agriculture, closely controlling supply, and gradually improvingthe quality of agricultural and aquatic products. 

It will also work tomaintain stable export markets, improve the efficiency of trade promotion, andcope with trade defence and protectionism that are not in line withinternational commitments. 

At the same time, theministry will step up institutional reform, refine legal corridor for exportactivities, accelerate administrative reform, and clear barriers to payment andcredit to ensure sufficient capital for manufacturing and export, the ministeradded.

Source:VNA

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