Vietnam targets average export growth of 11-12 percent a year until 2020and gradual reduction of imports to wipe out the trade deficit by thenand achieve a surplus by 2030, according to its overseas marketdevelopment plan.
Asia will account for 46 percent of theexports, the EU for 20 percent, the America for 25 percent, Oceania for 4percent and Africa for 5 percent.
The establishment of the ASEANEconomic Community this year would strengthen investment and trade tiesbetween countries in the bloc, Le An Hai, deputy head of theAsia-Pacific Market Department, told a meeting held in Ho Chi Minh Citylast week to collect opinions from companies, business groups, andofficial agencies about the plan.
Vietnam would strengthen tradepromotion in ASEAN to ensure exports to the bloc increase by 10 percenta year on average to at least 31 billion USD by 2020, he said.
Besides, efforts would be made to boost exports to other Asian markets like the Republic of Korea, Japan, and China, he said.
Theeconomic recovery in the EU along with the upcoming free tradeagreement with it would open up opportunities for Vietnamese exporters,he said.
Exports to the EU are expected to rise by 15 percent a year to 58 billion USD by 2020.
Thecountry will also try to increase exports to the US and Canada by 15percent a year and strengthen trade promotion to boost exports tocountries in Africa, Latin America, and Oceania.
The plan alsocontains measures to achieve the targets, including strengthening ofinternational co-operation and communication to help businessesunderstand and capitalise on the opportunities brought by the FTA, hesaid.
Vietnam will strive to improve the quality of its exportitems and boost exports of processed goods with high value-addition andkey agricultural products like rice, foodstuff, coffee, rubber, andseafood and reduce exports of crude oil and coal.
Delegates atthe meeting appreciated the necessity for the plan, but urged theGovernment to take measures to help exporters, especially small- andmedium-sized firms, to improve competitiveness.
Le Thi Giau,chairwoman and general director of the Binh Tay Foodstuff Joint StockCompany, said companies need policy support to facilitate exports.
NguyenTruc Van of the HCM City Institute for Development Studies said theplan drafters should research into demand as well as consumer tastes inforeign markets to enable businesses to create suitable exportstrategies.
Tran Vinh Nhung, deputy director of the HCM CityDepartment of Industry and Trade, said the plan should consist ofconcrete action programmes for each market and region to improve theefficiency of trade promotion programmes.
Vietnam has trade relations with over 200 countries and territories.-VNA
Asia will account for 46 percent of theexports, the EU for 20 percent, the America for 25 percent, Oceania for 4percent and Africa for 5 percent.
The establishment of the ASEANEconomic Community this year would strengthen investment and trade tiesbetween countries in the bloc, Le An Hai, deputy head of theAsia-Pacific Market Department, told a meeting held in Ho Chi Minh Citylast week to collect opinions from companies, business groups, andofficial agencies about the plan.
Vietnam would strengthen tradepromotion in ASEAN to ensure exports to the bloc increase by 10 percenta year on average to at least 31 billion USD by 2020, he said.
Besides, efforts would be made to boost exports to other Asian markets like the Republic of Korea, Japan, and China, he said.
Theeconomic recovery in the EU along with the upcoming free tradeagreement with it would open up opportunities for Vietnamese exporters,he said.
Exports to the EU are expected to rise by 15 percent a year to 58 billion USD by 2020.
Thecountry will also try to increase exports to the US and Canada by 15percent a year and strengthen trade promotion to boost exports tocountries in Africa, Latin America, and Oceania.
The plan alsocontains measures to achieve the targets, including strengthening ofinternational co-operation and communication to help businessesunderstand and capitalise on the opportunities brought by the FTA, hesaid.
Vietnam will strive to improve the quality of its exportitems and boost exports of processed goods with high value-addition andkey agricultural products like rice, foodstuff, coffee, rubber, andseafood and reduce exports of crude oil and coal.
Delegates atthe meeting appreciated the necessity for the plan, but urged theGovernment to take measures to help exporters, especially small- andmedium-sized firms, to improve competitiveness.
Le Thi Giau,chairwoman and general director of the Binh Tay Foodstuff Joint StockCompany, said companies need policy support to facilitate exports.
NguyenTruc Van of the HCM City Institute for Development Studies said theplan drafters should research into demand as well as consumer tastes inforeign markets to enable businesses to create suitable exportstrategies.
Tran Vinh Nhung, deputy director of the HCM CityDepartment of Industry and Trade, said the plan should consist ofconcrete action programmes for each market and region to improve theefficiency of trade promotion programmes.
Vietnam has trade relations with over 200 countries and territories.-VNA
