Illustrative image (Photo: VNA) Hanoi (VNA) - Vietnam’s export is set to grow5 percent annually from 2021 to 2025 to reach 340 billion USD in 2025,according to the Ministry of Industry and Trade (MoIT)’s plan on socio-economicdevelopment for the five-year period.
The goods export growth of domestic firms is projectedat 5 percent, with export to Europe and America expanding from 7-10 percenteach year.
Meanwhile, import growth during the period would rise4.9 percent annually, hitting around 330 billion USD in 2025. The pace of localbusinesses is expected to stand at 6 percent.
Under the plan, the industrial sector would make upover 35 percent of the national gross product (GDP), while the commercialsector accounts for 13.5 percent in 2025.
The total revenue of retail sales of goods and consumerservices is expected to increase 9-9.5 percent each year.
The ministry aims to have 45 percent of small-andmedium-sized enterprises to join e-commerce.
To that end, it will step up economic restructuring incombination with growth model reform, while improving productivity, quality, efficiencyand competitiveness.
At the same time, the ministry will buildinfrastructure comprehensively, mobilise more investments and use themeffectively, improve the quality and efficiency of the use of human resources,and step up innovations. /.
VNA
