Trade promotion programme focuses on agricultural exports

The national trade promotion programme would priotise the search for new markets for agricultural products in the coming time, Director of the Vietnam Trade Promotion Agency Bui Huy Son was quoted by the Vietnam Economic News as saying.
The national trade promotion programme would priotise the search for newmarkets for agricultural products in the coming time, Director of theVietnam Trade Promotion Agency Bui Huy Son was quoted by the VietnamEconomic News as saying.

The national trade promotion programmehas effectively implemented tasks to promote exports, improve productioncapacity of the business community and organise trade promotionactivities, supporting enterprises to consolidate their positions in keymarkets as well as explore potential markets.

Thanks to thesupport from the national trade promotion programme, Many Vietnameseproducts are now available in many markets, especially traditionalmarkets like the US, EU, Japan and China. In addition, the programme hasactively supported exporters to return to traditional markets such asRussia and the former Eastern European countries, expand and consolidatetheir positions in Laos and Cambodia and develop new markets such asMyanmar, Latin America and Africa.

In addition to positiveresults in terms of market expansion, the national trade promotionprogramme has also contributed to help enterprises and localitiesattract investment, renovate technology and restructure production.

Thenational trade promotion programme has made positive contributions toexport-import activities between 2003 and2013. During the period,average export turnover growth reached 23.6 percent per year while itsfigure in the 2006-2010 and 2011-2013 period reached 18.3 percent and22.61 percent per year, respectively.

In 2013, Vietnam’s exportturnover totaled 132.13 billion USD, recording a trade surplus in thetwo consecutive years. In 2014, export turnover is expected to reach 147billion USD and growth would stand at 10 percent compared to 2013.

Inrecent times, the Ministry of Industry and Trade has paid specialattention to trade promotion activities for agriculture, forestry andfisheries products and focused on promoting agricultural exports tomajor markets. It can be affirmed that agriculture, forestry andfisheries products have been a top priority of the Ministry of Industryand Trade in the national trade promotion programme.

In 2013, interms of agriculture, forestry and fisheries, 23 trade promotionprojects in the national trade promotion programme were approved with atotal budget of 28.07 billion VND, accounting for 28.64 percent of theprogramme’s total budget.

According to exporters, the nationaltrade promotion programme has contributed to promoting exports to keymarkets such as the US, EU, Japan, China and some Eastern Europeancountries.
As many as 19 trade promotion projects in thenational trade promotion programme for agriculture, forestry andfisheries continued to be approved in 2014 with a total budget of 25.64billion VND, accounting for 36.6 percent of the programme’s totalbudget.

In the first five months of this year, unitssuccessfully implemented many projects such as participating in seafoodexhibition in North America, the global seafood fair, the internationalfair on food and beverage (Foodex Japan 2014), the international teafair in Dubai and the International Food Industry Exhibition Seoul 2014.

Through these exhibitions and fairs, businesses signedcontracts worth tens of millions of dollars, contributing to increaseexport growth and diversifying and expanding export markets.-VNA

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