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Efforts to boost exports, reduce trade deficit

The Ministry of Trade and Industry (MoIT) has undertaken numerous measures to boost exports and reduce imports, helping decrease the trade deficit.
Efforts to boost exports, reduce trade deficit ảnh 1Containers are loaded onto ships for delivery (Photo:VNA)

Hanoi (VNA) – The Ministry of Trade and Industry (MoIT) has undertaken numerous measures to boost exports and reduce imports, helping decrease the trade deficit.

The sector’s 2016 goals are to increase export value by 10 percent and keep the trade deficit at no more than five percent of the total import-export value.

To realise the targets, the ministry has actively worked with relevant ministries and sectors to remove difficulties for exporters and expand markets.

The sector also plans to improve goods quality and establish brand names for agricultural products for export.

In January, Vietnam saw a trade surplus of 765 million USD, with exports achieving 13.4 billion USD and imports 12.6 million USD.-VNA

VNA
#trade deficit#Ministry of Trade and Industry#agricultural products#brand names
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