11:32 | 20/04/2016 Trade
(VEN) - The Ministry of Industry and Trade is developing a project on improving the competitiveness of Vietnamese exports through reorganizing production and strengthening the application of science and technology.
Garments and textiles are Vietnam’s key exports
According to the Ministry of Industry and Trade, Vietnamese exports during the 2011-2015 period achieved encouraging results with an average increase of 17.5 percent a year mainly through the exports of mobile phones, computers, garments and textiles, footwear, wood and wood products, machinery, equipment and spare parts. There was also an increase in the proportion of processed goods.
However Vietnamese exports remained limited. Almost all key agricultural products and minerals were exported in raw or semi-processed forms with low added-value. In particular, many exports remained dependent on imported materials. Therefore, improving quality will be a top priority to increase exports during the 2016-2020 period.
The biggest goal of the project is to improve the competitiveness of Vietnamese exports through reorganizing production and strengthening application of scientific and technological achievements.
The project will focus on items that Vietnam has or will have advantages. For example, the Ministry of Industry and Trade will invest more in agro, forestry and fishery products such as rice, coffee, rubber, seafood, pepper, cashew nuts, fruits and vegetables, cassava in addition to tea and honey.
The ministry will also see garments and textiles, footwear, furniture, bags, phones and its accessories, computers, electronic equipment, cameras, plastics and its products, vehicles, machinery and spare parts, power lines and cables as advantageous exports in addition to garment and textile raw materials, leather and footwear, fertilizers and chemicals.
To improve export competitiveness, the Ministry of Industry and Trade will reorganize production via changing production and export methods. Regarding agro, forestry and fishery products, the ministry will encourage the shift from small farmers and households to large-scale businesses and manage quality in all steps from farming to transport, processing and consumption.
The ministry will also accelerate the development and application of international standards such as technical and environmental standards, food safety and hygiene. In addition, improving effectiveness and renewing trade promotion activities and focusing on advantageous exports and potential markets to persify export markets are needed.
Brand building for 30 items and 100 businesses by 2020, and 80 products and 300 enterprises by 2030 was also mentioned in the strategy.