Ministry outlines directions for 2016 exports

10:40 | 27/01/2016 Trade

(VEN) - Vietnam Economic News spoke with Deputy Minister of Industry and Trade Tran Tuan Anh about directions for exports and measures to develop brand names of major exports in 2016.

Ministry outlines directions for 2016 exports

Shortcomings in establishing brand names of several major export items such as rice and seafood still exist, making Vietnamese exports non-competitive in the global market. What solutions does the Ministry of Industry and Trade have to ratify the situation?

The year 2015 ended with great successes in exports and imports. Export revenues reached the 10 percent growth target set by the National Assembly, while trade deficit was pegged at less than five percent.

In recent years agricultural and seafood exports have contributed importantly to increasing total export revenues, selling domestic goods and increasing farmer’s incomes. Among Vietnamese agricultural and seafood exports, many items such as pepper, coffee, rice and cashew nuts have recorded achievements and hold high positions in the global market. The quality of exports has also improved with increased export of processed products.

However, the competitiveness of most agricultural and seafood exports has not improved significantly largely due to the low and unstable quality and poor varieties of products, thus not meeting the need in hard-to-please markets. Reasons for the shortcomings vary including the small, family-based scale of production, the low ability to control the quality of production input and output, apply technical standards and establish brand names, and difficulties in goods certification.

To overcome shortcomings and promote development investment to improve the quality and competitiveness of exports, the government has mapped out directions for agricultural and seafood exports including boosting export restructuring with a focus on deep processing and high-tech products, implementing a proper itinerary for applying standards on agricultural and seafood exports, and taking tough measures to improve the quality of exports.

In the meantime, the ministry will quickly improve existing regulations on technical standards and quarantine, conclude bilateral agreements on mutual recognition of plant quarantine and food hygiene and safety, particularly in major export markets like the US, Japan, the Republic of Korea, Singapore and Australia to facilitate export payments and make it possible for export businesses to meet standards on plant quarantine and food hygiene and safety.

What specific directions will the Ministry of Industry and Trade implement to achieve the 2016 export growth target?

As a result of the conclusion of negotiations on bilateral and multilateral trade agreements, the year 2016 is expected to open up many more opportunities for Vietnamese exports.

The National Assembly has adopted the Resolution on the 2016 Socioeconomic Development Plan with a target to increase exports by about 10 percent and curb trade deficit at less than five percent.

To maintain the export growth momentum in 2016, the Ministry of Industry and Trade will get together with related ministries, agencies and localities to implement major measures such as resolving difficulties for businesses, supporting producers, creating new sources of exports, expanding export markets, increasing propaganda in order for businesses to better understand and make the most of FTAs, reforming administrative procedures to facilitate businesses, improve forecast and information activities, and keep abreast of the global market.