Politburo member and permanent member of the Party Central Committee’s Secretariat Tran Quoc Vuong (Source: VNA) Hanoi (VNA)- Politburo member and permanent member of the Party Central Committee’sSecretariat Tran Quoc Vuong has asked for more efforts to make made-in-Vietnamproducts dominate the domestic market and gain a firm foothold overseas.
Addressing aconference in Hanoi on August 2 to review the 10-year implementation of the“Vietnamese people prioritise using made-in-Vietnam goods” campaign, Vuong acknowledgedthe efforts of the entire political system to engage people from all walks oflife.
He noted that morechallenges lie ahead such as growing competition on the domestic market,especially when the country implements bilateral and multilateral agreements ithas signed.
The strong developmentof science-technology also has huge impacts on production, business andconsumption, and consumers have more choices and stricter requirements forproducts, he stated.
Therefore, it isnecessary for enterprises and producers to continuously renew themselves andapply advanced technology in production to increase the quality of products, hestressed.
Sharing the same view,Deputy Prime Minister Trinh Dinh Dung voiced his hope that Vietnamesebusinesses should seek ways to improve the quality and competitiveness of theirproducts and services, build their brands, and deliver on their commitments toensuring consumers’ interests.
He suggestedministries, sectors and enterprises focus on domestic trade promotion, betterthe distribution network, and issue goods standards in accordance withinternational commitments to gradually control imported products and marketorder.
It is also importantto strengthen market management and strictly handle the trading of counterfeitproducts, violations of intellectual property, and illegally-importedcommodities, he added.
Speaking at theconference, President of the Vietnam Fatherland Front Central Committee TranThanh Man said that the Political Bureau launched the campaign 10 years ago topromote patriotism and foster the production of made-in-Vietnam commoditieswhich have high quality and competitiveness, helping to meet demand fordomestic consumption and export.
The campaign hasproduced positive results, contributing to curbing inflation, stabilizing themacro-economy and ensuring supply-demand balance.
Statistics of theMinistry of Industry and Trade show that the proportion of made-in-Vietnamproducts reaches at least 90 percent at supermarkets, and over 60 percent at traditionalmarkets and convenience stores.
Total goods retailsand services revenue has grown by 10 percent each year since 2009, while inflationhas reduced from 19.8 percent in 2008 to below 5 percent in recent years. Theeconomy has shifted from trade deficit to trade surplus. If the countryreported a trade deficit of 12.5 billion USD in 2010, it enjoyed a tradesurplus of 7.2 billion USD last year. The localization rate has also increasedsignificantly in several major industries, such as garment and textiles andfootwear over the past years.-VNA
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