Illustrative image (Source: VNA) Hanoi (VNA) – Vietnam expectsto earn more than 212 billion USD from exports this year, much higher than 176billion USD last year, according to head of the Ministry of Industry and Trade(MoIT)’s Planning Department Duong Duy Hung.
The increase in the industrial productionindex will also contribute to gross domestic product growth of 6.7 percent thisyear.
Statistics from the MoIT showed that as ofDecember 19, 2017, Vietnam’s export-import revenue hit a record 400 billion USDcompared to 100 billion USD a decade ago.
Tran Thanh Hai, deputy head of the MoIT’s Import-ExportAgency, said with the enforcement of free trade agreements with the Republic ofKorea, the Eurasian Customs Union, ASEAN and the Regional ComprehensiveEconomic Partnership two years ago, Vietnam’s exports-imports have grownrapidly to 400 billion USD this year from 300 billion USD in 2015.
Vietnam now has more than 200 tradepartners, including 29 export and 23 import markets. The country is forecast topost a trade surplus of 3 billion USD this year, contributing to stabilisingthe macro-economy, curbing inflation and achieving all 13 socio-economictargets set by the government.
The growth is mostly attributable toagro-forestry-fisheries, trade, services, manufacturing and restructuring ofState-owned enterprises.
The MoIT also paid attention to foreignmarkets, especially promising ones that signed trade deals with Vietnam, as wellas domestic ones, consumer price index control and administrative reform.
The MoIT plans to continue refining legalregulations to improve State management, deal with loss-making projects andstep up administrative reform.-VNA
The increase in the industrial productionindex will also contribute to gross domestic product growth of 6.7 percent thisyear.
Statistics from the MoIT showed that as ofDecember 19, 2017, Vietnam’s export-import revenue hit a record 400 billion USDcompared to 100 billion USD a decade ago.
Tran Thanh Hai, deputy head of the MoIT’s Import-ExportAgency, said with the enforcement of free trade agreements with the Republic ofKorea, the Eurasian Customs Union, ASEAN and the Regional ComprehensiveEconomic Partnership two years ago, Vietnam’s exports-imports have grownrapidly to 400 billion USD this year from 300 billion USD in 2015.
Vietnam now has more than 200 tradepartners, including 29 export and 23 import markets. The country is forecast topost a trade surplus of 3 billion USD this year, contributing to stabilisingthe macro-economy, curbing inflation and achieving all 13 socio-economictargets set by the government.
The growth is mostly attributable toagro-forestry-fisheries, trade, services, manufacturing and restructuring ofState-owned enterprises.
The MoIT also paid attention to foreignmarkets, especially promising ones that signed trade deals with Vietnam, as wellas domestic ones, consumer price index control and administrative reform.
The MoIT plans to continue refining legalregulations to improve State management, deal with loss-making projects andstep up administrative reform.-VNA
VNA
