Prime Minister Nguyen Xuan Phuc (Source: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc hasaffirmed that controlling markets is a way for the Vietnamese economy to takeoff.
He made the statement during a national conference in Hanoion April 23 discussing comprehensive measures to boost exports hosted by theMinistry of Industry and Trade.
The PM said successful countries and businesses consider theworld as a market to expand their reaches, thereby seeking ways to improvetheir competitiveness.
The domestic market with a population of nearly 100 millionis important, but it is necessary to look at the global market to achieve sustainablegrowth, he said.
The leader noted that though administrative procedures haveimproved, they remain below expectation. He expressed his wish to listen topolicy feedback of localities and associations to increase added value ofexported commodities, thus making it easier for Vietnamese firms to join theglobal value chain.
He underscored the need to update Vietnamese exporters aboutmarket information and legal regulations abroad, opportunities and risks, andorientations to manufacturing and exports.
Leaders of localities and ministers were required to looktowards export to contribute to sustainable growth. Based on public feedback,the PM will issue a Directive on measures to boost manufacturing and exports.
Minister of Industry and Trade Tran Tuan Anh said thecountry’s exports grew by 15.8 percent last year, exclusive of cell phones,computers and electronic spare parts.
Exports still predominantly rely on foreign-investedenterprises, which contribute over 70 percent.
Though tariff has been cut to zero percent, Vietnam’s farmproduce such as milk, pork, fruits and vegetables still find it hard to enterforeign markets, he said
The Ministry of Industry and Trade proposed three majormeasures to sustainably step up exports, including restructuring agriculture,closely controlling supply, and gradually improving the quality of agriculturaland aquatic products.
It will also work to maintain stable export markets, improvethe efficiency of trade promotion, and cope with trade defence andprotectionism that are not in line with international commitments.
At the same time, the ministry will step up institutionalreform, refine legal corridor for export activities, accelerate administrativereform, and clear barriers to payment and credit to ensure sufficient capitalfor manufacturing and export, the minister added.-VNA
He made the statement during a national conference in Hanoion April 23 discussing comprehensive measures to boost exports hosted by theMinistry of Industry and Trade.
The PM said successful countries and businesses consider theworld as a market to expand their reaches, thereby seeking ways to improvetheir competitiveness.
The domestic market with a population of nearly 100 millionis important, but it is necessary to look at the global market to achieve sustainablegrowth, he said.
The leader noted that though administrative procedures haveimproved, they remain below expectation. He expressed his wish to listen topolicy feedback of localities and associations to increase added value ofexported commodities, thus making it easier for Vietnamese firms to join theglobal value chain.
He underscored the need to update Vietnamese exporters aboutmarket information and legal regulations abroad, opportunities and risks, andorientations to manufacturing and exports.
Leaders of localities and ministers were required to looktowards export to contribute to sustainable growth. Based on public feedback,the PM will issue a Directive on measures to boost manufacturing and exports.
Minister of Industry and Trade Tran Tuan Anh said thecountry’s exports grew by 15.8 percent last year, exclusive of cell phones,computers and electronic spare parts.
Exports still predominantly rely on foreign-investedenterprises, which contribute over 70 percent.
Though tariff has been cut to zero percent, Vietnam’s farmproduce such as milk, pork, fruits and vegetables still find it hard to enterforeign markets, he said
The Ministry of Industry and Trade proposed three majormeasures to sustainably step up exports, including restructuring agriculture,closely controlling supply, and gradually improving the quality of agriculturaland aquatic products.
It will also work to maintain stable export markets, improvethe efficiency of trade promotion, and cope with trade defence andprotectionism that are not in line with international commitments.
At the same time, the ministry will step up institutionalreform, refine legal corridor for export activities, accelerate administrativereform, and clear barriers to payment and credit to ensure sufficient capitalfor manufacturing and export, the minister added.-VNA
VNA
