The capital city has developed a plan to promote exports after it saw afall in exports in the first half of 2015, according to an official.
ChuXuan Kien, Deputy Director of the Hanoi Industry and Trade Department,said in the first half of this year Hanoi had a year-on-year decrease of1.2 percent in its total export values, falling to 5.3 billion USD.
Also,key export products that fell in their export values during the firstsix months included farming, textiles, garments, electronics andhandicrafts.
Kien said declining exports were due to adjustmentsin the exchange rate between the Vietnamese dong and the US dollar,increases in input prices, and high land rents leading to higherproduction costs and lower competitive abilities in selling prices ofexport products.
Meanwhile, difficulties in the world economyhave caused many large export markets for Hanoi to cut imports, such asthe EU, he said.
By the end of this year, the city hopes to see arecovery in exports, as Hanoi authorities have developed a plan toresolve difficulties of capital and markets for its enterprises.
UnderHanoi's strategy in export and import of goods in the period 2011-20and towards 2030, the city would increase training of its workforce,promote development of support industries and implement supports forenterprises in development of brand names, organisation of tradepromotion programmes and introduction of export products.
Thecity would also improve the business environment and administrativeprocedures to create favourable conditions for enterprises in developingnew business, the Vietnam Economic News reported.
By the end ofthis year, the city would continue supports in banking interest ratesand trade promotion programmes. It would also encourage enterprises todevelop initiatives in the organisation of production and findingpartners, improve the quality of export products and sell products atcompetitive prices.
The associations should also combineenterprises to increase competitive and develop brand names forsustainable development in the future.-VNA
ChuXuan Kien, Deputy Director of the Hanoi Industry and Trade Department,said in the first half of this year Hanoi had a year-on-year decrease of1.2 percent in its total export values, falling to 5.3 billion USD.
Also,key export products that fell in their export values during the firstsix months included farming, textiles, garments, electronics andhandicrafts.
Kien said declining exports were due to adjustmentsin the exchange rate between the Vietnamese dong and the US dollar,increases in input prices, and high land rents leading to higherproduction costs and lower competitive abilities in selling prices ofexport products.
Meanwhile, difficulties in the world economyhave caused many large export markets for Hanoi to cut imports, such asthe EU, he said.
By the end of this year, the city hopes to see arecovery in exports, as Hanoi authorities have developed a plan toresolve difficulties of capital and markets for its enterprises.
UnderHanoi's strategy in export and import of goods in the period 2011-20and towards 2030, the city would increase training of its workforce,promote development of support industries and implement supports forenterprises in development of brand names, organisation of tradepromotion programmes and introduction of export products.
Thecity would also improve the business environment and administrativeprocedures to create favourable conditions for enterprises in developingnew business, the Vietnam Economic News reported.
By the end ofthis year, the city would continue supports in banking interest ratesand trade promotion programmes. It would also encourage enterprises todevelop initiatives in the organisation of production and findingpartners, improve the quality of export products and sell products atcompetitive prices.
The associations should also combineenterprises to increase competitive and develop brand names forsustainable development in the future.-VNA
