17:43 | 21/07/2015 Trade
The capital city has developed a plan to promote exports after it saw a fall in exports in the first half of 2015, according to an official.
A view of Ha Noi City. In the first half of this year Ha Noi had a year-on-year decrease of 1.2 per cent in its total export values, falling to US$5.3 billion. — Photo zing.vn
Chu Xuan Kien, deputy director of the Ha Noi Industry and Trade Department, said in the first half of this year Ha Noi had a year-on-year decrease of 1.2 per cent in its total export values, falling to US$5.3 billion.
Also, key export products that fell in their export values during the first six months included farming, textiles, garments, electronics and handicrafts.
Kien said declining exports were due to adjustments in the exchange rate between the Vietnamese dong and the US dollar, increases in input prices, and high land rents leading to higher production costs and lower competitive abilities in selling prices of export products.
Meanwhile, difficulties in the world economy have caused many large export markets for Ha Noi to cut imports, such as the EU, he said.
By the end of this year, the city hopes to see a recovery in exports, as Ha Noi authorities have developed a plan to resolve difficulties of capital and markets for its enterprises.
Under Ha Noi's strategy in export and import of goods in the period 2011-20 and towards 2030, the city would increase training of its workforce, promote development of support industries and implement supports for enterprises in development of brand names, organisation of trade promotion programmes and introduction of export products.
The city would also improve the business environment and administrative procedures to create favourable conditions for enterprises in developing new business, the Vietnam Economic News reported.
By the end of this year, the city would continue supports in banking interest rates and trade promotion programmes. It would also encourage enterprises to develop initiatives in the organisation of production and finding partners, improve the quality of export products and sell products at competitive prices.
The associations should also combine enterprises to increase competitive and develop brand names for sustainable development in the future./.