HCM City (VNA) - Ho Chi Minh City is likely to achieveexport value of 35.2 billion USD this year, a 15.1 percent increase from last year,and imports of 43.1 billion USD, a 13.2 percent rise.
The city accounts for 72 percent of theSouthern Key Economic Zone’s total imports and exports and 19.4 percent of Vietnam’s.
An import-export gateway for the southernregion, a lot of the city’s imports make their way to neighbouring provincessuch as Dong Nai, Binh Duong and Long An, often to serve production forexports.
The provinces enjoy large trade surpluses- Binh Duong 4 billion USD; Dong Nai 2 billion USD; Long An 500 million USD.
Pham Thanh Kien, head of the Department ofTrade and Industry, said his department is boosting trade promotion in keymarkets that buy more than 1 billion USD worth of goods such as mainland China,Singapore, Taiwan, Thailand, and the Republic of Korea to reduce the trade deficit.
It is developing a plan to enhance exportsin 2017-2020, he said.
The plan would guide policy making forincreasing export of high value-added items like computers and parts, softwareand digital products.-VNA
VNA