Viet Nam's export value to hit 100 billion USD by 2010
(VNA) - Viet Nam expects to earn 100 billion VND from exports by 2010, Trade Deputy Minister Luong Van Tu said at the Viet Nam Export Promotion Forum 2007 in Ha Noi on April 5.
The deputy minister attributed the high target to Viet Nam's WTO membership, which facilitates the country to penetrate intensively into the global market and the fact that its business environment was evaluated by the international community as among those having the most active progress in the region.
However, Vietnamese enterprises need to accelerate promotional activities to expand trade, investment and tourism, especially taking advantages of WTO's regulations to boost export and attract investment.
"Reforming customs procedures is also important to boost exports, and transit goods from Viet Nam to other countries in the region," he added.
A senior expert of the Ministry of Planning and Investment, Dr. Le Dang Doanh, said that to boost exports, Vietnamese businesses should adopt the strategy "cooperation and competitiveness" at the same time. The Vietnamese government and businesses should cooperate closely to build strategy for each market and to sign bilateral trade agreements to facilitate their businesses' operation.
Over the recent past, Viet Nam's exports grew at an annual average rate of 20 percent. In 2006, the country earned an export turnover of 39.6 billion USD, a year-on-year increase of 22.1 percent.
In the first quarter of this year, Viet Nam obtained an export value of nearly 10.5 billion USD, a 17.9 percent increase over the same period last year./.
However, Vietnamese enterprises need to accelerate promotional activities to expand trade, investment and tourism, especially taking advantages of WTO's regulations to boost export and attract investment.
"Reforming customs procedures is also important to boost exports, and transit goods from Viet Nam to other countries in the region," he added.
A senior expert of the Ministry of Planning and Investment, Dr. Le Dang Doanh, said that to boost exports, Vietnamese businesses should adopt the strategy "cooperation and competitiveness" at the same time. The Vietnamese government and businesses should cooperate closely to build strategy for each market and to sign bilateral trade agreements to facilitate their businesses' operation.
Over the recent past, Viet Nam's exports grew at an annual average rate of 20 percent. In 2006, the country earned an export turnover of 39.6 billion USD, a year-on-year increase of 22.1 percent.
In the first quarter of this year, Viet Nam obtained an export value of nearly 10.5 billion USD, a 17.9 percent increase over the same period last year./.
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