Trade sector targets US$ 47 bil. of export turnover in 2007
09:17 | 02/02/2007
VNGOVNet – The Nationwide Trade Conference held on February 1 in Hanoi to assess the sector’s performance in 2006 and put forth orientations for 2007 and beyond saw the attendance of PM Nguyễn Tấn Dũng who gave an important address to the audience.


PM Nguyễn Tấn Dũng award prestigious exporters with a Cup

 - Photo: VNGOVNet

In 2006, the country’s export turnover reached US$ 39.6 billion, increasing 22.1% against 2005. Among the 15 export staples were aqua-products, coffee, rubber, pepper, coal, electronics and computer components, plastics, and electric wires and cables. In 2006, nine exports earned an average turnover of over US$1 billion such as rubber, coffee, crude oil, and garments to name a few. The country’s export market structure changed radically, in which the export share to Asian markets accounted for 53.6% and the US market held 86.8% of the total export turnover to the Americas.

Trade Minister Trương Đình Tuyển said that the sector's three major goals in 2007 and beyond are increasing export turnover, stabilizing domestic market and successfully implementing the international integration. “The Ministry of Trade will strive to make good use of chances created by WTO entry to obtain US$ 47.54 billion in export turnover in 2007, which is 20% higher than that of 2006,” he said.

Addressing the Conference, PM Nguyễn Tấn Dũng ordered the sector to do the following things:  

To improve quality and efficiency of trade promotion. The Ministry of Trade, commercial societies, enterprises and Vietnamese trade missions abroad should collaborate in providing the best market information they can to Vietnamese and foreign businesses.

To realize the global trade integration along the roadmap designed by the Government, in which the Ministry of Trade will regulate commercial activities. To accelerate administrative reform, minimize red-tapes and troublesome procedures, support Vietnamese enterprises in accessing the world market, and attract more foreign partners to cooperation with Vietnamese enterprises.

To develop the delivery system; stabilize market prices; and effectively prevent price speculation.

By Nguyên Hồ

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