Striving for an export growth rate of 8% in the 2016-2020 period
The Prime Minister has recently approved a project on improving the competitiveness of a number of key Vietnamese export commodities by 2020 with a vision to 2030
Textile and apparels is one of Vietnam's prioritized exported products (source: vtgvietnam.com)
By 2020, the quality and added value of advantageous products will be improved with the added value of agricultural and fishery products to be expanded by 20%. The proportion of these products will be enhanced in developed economies including the EU, Japan, and the Republic of Korea.
In the 2016-2020 period, the export growth rate of commodities will increase by 8% per year, with a focus on groups of prioritised commodities such as rice, coffee, rubber, seafood, pepper, textiles, footwear, furniture, telephones and spare parts, computers, electronic products and spare parts.
More Vietnamese seafood will be exported to EU, Japan and Korea (source: vietnam economics time)
The project aims to re-organise production by improving the methods of production and export towards higher added values; shifting export models from intermediate export to direct ones; and from FOB to CIF.
The project also targets to cement and expand export markets; build national brand names; and improve national competitiveness; cut business costs; and improve business competence, especially that of SMEs and associations.
The project seeks to encourage and support businesses in building export strategies in line with every market and competence; engage in foreign production and distribution channels; and join global value chains.
Enterprises will receive assistance in market access, trade promotion activities, and market analysis, as well as receiving support in order to strengthen connectivity among raw material suppliers, producers, transporters, manufacturers./.
( VNF/NDO )