Hanoi looks to boost exports

13:34 | 07/08/2015 Trade

(VEN) - Hanoi has devised solutions to boost exports in order to achieve better results in the remaining months of this year.

Hanoi looks to boost exports

Hanoi Department of Industry and Trade Deputy Director Chu Xuan Kien said, “The capital’s exports had faced difficulties in all economic sectors in the first half of this year. Export turnover reached US$897 million in June alone and about US$5.3 billion in the first half of the year, a drop of 5.6 percent and 1.2 percent compared to the same period last year, respectively. Only one key category of goods achieved an increase of eight percent in export turnover, while agricultural products, garments and textiles, electronics and handicrafts recorded a fall.”


He also said, “The dollar exchange rate adjusted to be narrowed, increasing input prices and high land taxes have made an increase in production costs and a fall in competitiveness. In addition, some small and medium-sized enterprises have faced difficulties in accessing bank capital. In particular, the global economic difficulties have led many major markets reduce imports, causing negative impacts on the capital’s export turnover growth.”


The capital’s exports may regain growth momentum in the last half of the year as the world economy is getting better and solutions to overcome difficulties for enterprises such as capital and market are bringing high efficiency. To achieve the export target, the capital has devised plans to strictly implement the export-import strategy during the 2011-2020 period with a vision to 2030 and Plan 58 of the Hanoi City People’s Committee on the implementation of measures to boost exports. Organizing training of human resources, promoting the development of support industries, deploying programs to support businesses in the capital, building and developing brands, participating in trade programs, introducing export products of Hanoi are also important.


In order to seek new solutions to resolve difficulties for trade and production activities, Hanoi City People’s Committee Deputy Chairman Nguyen Ngoc Tuan sent Document 4553/UBND-CT to local departments and agencies for directing the implementation of measures to promote industrial production, trade and exports in the remaining months of the year. Improving the business environment, reviewing and amending regulations, administrative procedures to facilitate further for businesses and ensuring power supplies for trade and production activities are mentioned. In the last half of the year, the capital will also strengthen investment and tourism promotion activities and promote administrative procedure reform in the direction of creating favorable conditions for businesses.


In addition to implementing solutions to boost exports, businesses are also recommended to take the initiative and creativity in the organization, seek suitable trade partners and enhance product quality. The associations should actively promote links among businesses to improve competitiveness and build strong brands towards sustainable development./.



Bao Ngoc

Theo ven.vn