Hanoi, (VNA) – The Ministry of Industry and Trade plans to set atarget of 6% growth in export value this year, considering unpredictablefactors that can affect import-export, according to Deputy Minister Do ThangHai.
Speaking at the regular Government press conference for January on February 2,the deputy minister said export revenues reached 371.3 billion USD in 2022, up10.5% from the previous year. Thus, with the projected growth rate of 6%, totalexport value this year would be around 393-394 billion USD.
According to Hai, fallingworld demand is a big challenge for Vietnam’s exports in 2023. He said Vietnam’sexport growth will depend on such factors as the Russia-Ukraine conflict andinflation in big import markets.
Besides, tax cuts in line with roadmaps set by free trade agreements and stronginvestment inflows are favourable factors for export, he said./.